Project Feasibility

Class 8

SDLCProject Identification

& Selection

Project Initiation& Planning

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Analysis

Logical Design

Physical Design

Implementation

Maintenance

Assessing Project Feasibility Economic Organizational and Cultural (or

Political) Technical Schedule Resource Operational Legal/contractual

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.

Tangible benefits

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

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 person’s salary is $25,000/yr, then

savings is $2,250 ($25000 * .09)

Intangible benefits

Difficult to assign dollar amount Customer-related, societal

1. 2. 3.

Costs

Tangible One-time costs Recurring costs

Intangible

Other Feasibility Analyses Organizational & Cultural (Political)

Technical

Other feasibility analyses Schedule

Resource

Other feasibility analyses Operational

Legal / Contractual