Feasibility Study Essay

2.1 FEASIBILITY recordThe feasibleness of the confuse is analyzed in this phase and business aim is put forth with a very general plan for the project and some cost estimates. During arrangement analysis the feasibility study of the proposed agreement is to be carried aside. This is to ensure that the proposed system is non a burden to the company. For feasibility analysis, some understanding of the major requirements for the system is essential.Three key considerations intricate in the feasibility analysis argonECONOMICAL FEASIBILITY good FEASIBILITYSOCIAL FEASIBILITYECONOMICAL FEASIBILITYThis study is carried out to splintering the economic impact that the system pull up stakes have on the organization. The amount of fund that the company can pour into the research and developing of the system is limited. The expenditures must be justified. Thus the developed system as well within the budget and this was achieved because most of the technologies used are freely available . Only the customized products had to be purchased.TECHNICAL FEASIBILITYThis study is carried out to check the technical foul feasibility, that is, the technical requirements of the system. Any system developed must non have a high demand on the available technical resources. This will lead to high demands on the available technical resources. This will lead to high demands being placed on the client. The developed system must have a modest requirement, as only marginal or null changes are required for implementing this system.SOCIAL FEASIBILITYThe formula of study is to check the level of acceptance of the system by the user. This includes the exhibit of training the user to use the system efficiently. The user must not feel threatened by the system, instead must accept it as a necessity. The level of acceptance by the users solely depends on the methods that are employed to educate the user about the system and to make him old(prenominal) with it. His level of confidence must be raised so that he is also able to make some constructive criticism, which is welcomed, as he is the final user of the system.