Flashcards
Feasibillity
Cards in this deck (11)
- 1Financial Feasibility- Most organisations aim to make profit
- Any new system must either:
- make money or
- save money
- from a financial point of view, various things need considering
- A cost - benefit analysis is carried out - 2Cost - benefit analysisPros and Cons
- 3Pro Increased productivity per hourCon
Software development or purchase - 4Pro Savings in running costs (electricity/link)Con
Hardware purchase - 5Pro Savings in staffing costs (redundancies)Con
Changes in accommodation - 6Pro Cheaper annual software licensesCon
Installation of cabling and other equipment - 7Pro Sales of existing accommodationCon
Hiring of new staff - 8Sales of existing equipmentTraining of staff (including time not doing their normal)
- depends on type of new software and current expertise
- cost of changeover period - 9Personnel Feasibility- This is intangible
- it is not possible to measure it financially - 10Technical Feasibility-This is also intangible as it cannot be measured financially (however, it may have an effect on other costs)
- things to consider:
- will the existing data be compatible with the new software? - 11Decision TimeOnce the feasibility study is complete, the organisation knows whether the project is:
- Financially feasible
- Technically feasible
- Personnel feasible
Information
- Description
- Flashcards on Feasibillity , created by kadebeadman on 17/12/2014.
- Created by
- kadebeadman
- Views
- 1
- Rating