Feasibility Study Essay Example for Free

Feasibility Study Essay2.1 FEASIBILITY STUDYThe feasibility of the project is analyzed in this phase and business proposal is regularise forth with a very general plan for the project and some cost estimates. During dodge digest the feasibility study of the proposed system is to be carried pop. This is to hold that the proposed system is not a burden to the company. For feasibility analysis, some understanding of the major requirements for the system is essential.Three key considerations involved in the feasibility analysis areECONOMICAL FEASIBILITYTECHNICAL FEASIBILITYSOCIAL FEASIBILITYECONOMICAL FEASIBILITYThis study is carried out to weaken the economic impact that the system will have on the organization. The amount of fund that the company can pour into the research and development of the system is limited. The expenditures must be justified. Thus the certain system as well within the budget and this was achieved because most of the technologies used are freely avai lable. Only the customized products had to be purchased.TECHNICAL FEASIBILITYThis study is carried out to check the adept feasibility, that is, the technical requirements of the system. Any system developed must not 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 minimal or null changes are required for implementing this system.SOCIAL FEASIBILITYThe aspect of study is to check the level of acceptance of the system by the user. This includes the process 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 or so the system and to make him familiar with it. His level of confidence must be raised so th at he is also able to make some reconstructive criticism, which is welcomed, as he is the final user of the system.