User:Eshetu Deresu

Conducting a Feasibility Study (Software Engineering)

 * Assessing feasibility means answering questions relating to the utility and viability of the system that is going to be developed.


 * This means answering the following questions:
 * Is it really cost-beneficial to develop the proposed system?
 * Is it possible to develop the proposed system?
 * In order to answer these questions we conduct various kinds of feasibility analyses listed below.

Economic Feasibility

 * Assessing economic feasibility involves comparing the costs of development with benefit of the system is going to have for the organization once it has been developed.
 * Benefits of an information system can be tangible or intangible.
 * Costs can be classified in to one-time (initial) and recurring (operational).
 * One-time cost: cost of dev’t till delivery
 * Recurring: cost of keeping it operational