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The planning phase - feasibility studies

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    Tashika B.
    US
    Tashika B.

    Very interesting feasibility study of the planning phase.

    BabaJide Martins F.
    TR
    BabaJide Martins F.

    It is a balance act. It helps companies and at the same time it helps to know if the system is worthwhile. It is an essential act of business.

    Yasir Zacharia J.
    SD
    Yasir Zacharia J.

    Feasibility study is to see if creating the system will be worthwhile. What defines "worthwhile" will vary from company to company and system to system. Generally speaking, it is a balancing act - can the cost of developing the system be justified by the benefits the system will deliver?

    Hermina S.
    LC
    Hermina S.

    Interesting topic - great enlightenment on many aspects for me.

    Morne V.
    ZA
    Morne V.

    Feasibility study is to see if creating the system will be worthwhile.

    Sunday O.
    NG
    Sunday O.

    Feasibility Study is a process has been completed and an idea of a solution before any large project is completed

    Thomas Haingura M.
    NA
    Thomas Haingura M.

    The main reason for conducting a feasibility study, in broad terms, is to see if creating the system will be worthwhile. What defines "worthwhile" will vary from company to company and system to system. Generally speaking, it is a balancing act - can the cost of developing the system be justified by the benefits the system will deliver?

    Evelyn D.
    GB
    Evelyn D.

    Is it worth it? Feasibility study answers such question. Feasibility study also known as feasibility analysis determines the direction of a certain problem whether it’s worth investing or not. It is looking into various aspects of a certain issue which correlates specifically investing large sum of money and its effect or improvement towards the company or system.

    Ei Shwe Sin O.
    MM
    Ei Shwe Sin O.

    Feasibility Study, firstly can investigation costs and how can i get benefits of the system.

    Odongo M.
    UG
    Odongo M.

    Information Technology -> The planning phase - feasibility studies Feasibility Study Once the problem identification process has been completed and an idea of a solution (or a number of possible solutions) have been established, but before any large project is approved, a thorough investigation of the implications, costs and benefits of the system should be undertaken. This investigation is referred to as the Feasibility Study. The main reason for conducting a feasibility study, in broad terms, is to see if creating the system will be worthwhile. What defines "worthwhile" will vary from company to company and system to system. Generally speaking, it is a balancing act - can the cost of developing the system be justified by the benefits the system will deliver? The issues that a feasibility study will look at include: can the system be created? does the company have the ability to create the system? if the system was developed, does the company have the ability to keep it operating at an acceptable level? can the system development costs and ongoing costs be justified on the improvements it will deliver? is there a better way of solving the problem? should the system development go ahead?

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