feasibility

Description

Mind Map on feasibility, created by wolf_auditore on 09/17/2014.
wolf_auditore
Mind Map by wolf_auditore, updated more than 1 year ago
wolf_auditore
Created by wolf_auditore over 10 years ago
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Resource summary

feasibility
  1. An analysis of the ability to complete a project successfully, taking into account legal, economic, technological, scheduling and other factors. Rather than just diving into a project and hoping for the best, a feasibility study allows project managers to investigate the possible negative and positive outcomes of a project before investing too much time and money.
    1. Types
      1. Technical Feasibility - is the company technically advanced to a state in which they can conduct the process with success, not too mush hassle
        1. time feasibility - if the company wants the project to be completed to fit a certain schedule or time frame will that be possible?
          1. Economical feasibility - can the company actually afford the project, are they economically able.
            1. Legal and Ethical Feasibility - What are the legal implications of the project? What sort of ethical considerations are there? You need to make sure that any project undertaken will meet all legal and ethical requirements.
              1. marketing feasibility - Who actually wants the product, is it in demand by other companies. can it turn a profit
                1. Intellectual feasibility - are the staff qualified to use the programme?
                2. Method
                  1. Observing the current system in operation
                    1. this is time consuming however it provides a better understanding. People usually work harder and more efficiently when being observed, therefore this may not be the best method as it does not show the full truth of the usuage of the current system in place.
                    2. Consulting current documentation
                      1. Reviewing the input process and output. clear proof of the software details. However to fully comprehend the documentation, it takes a long time if working alone.
                      2. Carry out a questionnaire to both staff and customers
                        1. using a questionnaire means that you can get the review of a large sum of people. However, people will rush the questionnaire and some might not even take it seriously at all, so you might get false results. Questionnaires do not allow the person to fully elaborate themselves as it provides limited answers, this means that if the answer that the reader wants is not there they will play the guessing game to write down a random answer
                        2. Interview both staff and customers
                          1. people will feel more inclined to tell the truth face to face, this will give you more reliable results. Now the person being interviewed can fully express themselves using as many words they can because there is no box limiting them anymore. Costs money and time, not really cost effective in that aspect. some people might feel intimidated, or on the other hand actually feel really involved.
                          2. using all of these methods will obtain the best result overall, as all have different flaws and different advantages. Also people would feel involved in the making of the product therefore they will complain less about the product as they will believe they made a direct impact on the making of this product
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