Project Feasibility

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Project Feasibility

• Class 8

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SDLC
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Assessing Project Feasibility

• Economic
• Organizational and Cultural (or Political)
• Technical
• Schedule
• Resource
• Operational
• Legal/contractual

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Economic feasibility

• Identifying the financial benefits and costs
  associated with the project (CBA)
• At this point, probably do not know enough to
  complete in detail.
• What can be done list tangible and intangible
  costs and benefits.

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Tangible benefits

• Can be measured in dollars and with certainty.
• 1.
• 2.
• 3.
• 4.

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Tangible Benefit Example

• Time spent finding invoices, receipts, and
  orders
• Assume person spends 10 of time doing this
• Assume your new system will reduce the time to 1
• This represents a 9 reduction in time
• If persons salary is 25,000/yr, then savings is
  2,250 (25000 .09)

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Intangible benefits

• Difficult to assign dollar amount
• Customer-related, societal
• 1.
• 2.
• 3.

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Costs

• Tangible
• One-time costs
• Recurring costs
• Intangible

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Other Feasibility Analyses

• Organizational Cultural (Political)
  
• Technical

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Other feasibility analyses

• Schedule
• Resource

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Other feasibility analyses

• Operational
• Legal / Contractual