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FEASIBILITY STUDY
A PETHURUSAN
J/IT/18/12/24
WHAT IS FEASIBILITY STUDY
• A feasibility study is an analysis of the viability of an idea through a disciplined and document process of
thinking through the idea from its logical beginning to its logical end.
• Feasibility study is carried out in order to access the viability of anew project.
• It is primary and most important thing in development of a project.
IMPORTANCE OF FEASIBILITY STUDY
• Determines whether the system meets objectives of client or not.
• Determine strength and limitation of system before developing it.
• Provides quality documentation of the proposed system.
• Study all the factors that may affect the system before and after developing it.
• Provides quality information about the system.
WHY DO A FEASIBILITY STUDY?
• Gives focus to the project.
• Narrows alternatives.
• Surfaces new opportunities.
• Enhances the probability of success by addressing factors early that
could affect the project.
• Provides quality information for decision making.
• Helps in securing funding.
• Helps to increase investment in idea.
STEPS FOR A FEASIBILITY STUDY
• Conduct a preliminary analysis
• Prepare a projected income statement
• Conduct a market survey, or perform market research
• Plan business organization and operations
• Prepare an opening day balance sheet
• Review and analyze all data
• Make a go/no-go decision
TYPES OF FEASIBILITY STUDY
• Technical Feasibility
• Schedule Feasibility
• Economic Feasibility
• Cultural Feasibility
• Legal/Ethical Feasibility
• Resource Feasibility
• Operational Feasibility
• Marketing Feasibility
• Comprehensive Feasibility
ADVANTAGES OF FEASIBILITY STUDY
• Structured approaches to new projects.
• Finding alternative solutions.
• Reduction in the number of possible projects.
• Identification of reasons which speak against a project.
• Development of the basics for the later implementation of the project.
• Basis for the decision of possible investors for an investment in the project.
LEGACY SYSTEM
HOW TO MAKE LEGACY SYSTEM
REFERENCES
Anon., 2016. en.ryte. [Online]
Available at: https://en.ryte.com/wiki/Feasibility_Study
[Accessed 22 05 2019].
Anon., 2017. asha.org. [Online]
Available at: https://www.asha.org/practice/feasibility/
[Accessed 22 05 2019].
Anon., 2017. cleverism. [Online]
Available at: https://www.cleverism.com/conduct-feasibility-study-right-way/
[Accessed 22 05 2019].
Anon., 2018. brighthubpm. [Online]
Available at: https://www.brighthubpm.com/project-planning/56372-types-of-feasibility-studies/
[Accessed 22 05 2019].
harriswilli, 2017. faculty.sfasu.edu. [Online]
Available at: http://faculty.sfasu.edu/harriswilli/FeasStudy.htm
[Accessed 22 05 2019].

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FEASIBILITY STUDY

  • 2. WHAT IS FEASIBILITY STUDY • A feasibility study is an analysis of the viability of an idea through a disciplined and document process of thinking through the idea from its logical beginning to its logical end. • Feasibility study is carried out in order to access the viability of anew project. • It is primary and most important thing in development of a project.
  • 3. IMPORTANCE OF FEASIBILITY STUDY • Determines whether the system meets objectives of client or not. • Determine strength and limitation of system before developing it. • Provides quality documentation of the proposed system. • Study all the factors that may affect the system before and after developing it. • Provides quality information about the system.
  • 4. WHY DO A FEASIBILITY STUDY? • Gives focus to the project. • Narrows alternatives. • Surfaces new opportunities. • Enhances the probability of success by addressing factors early that could affect the project. • Provides quality information for decision making. • Helps in securing funding. • Helps to increase investment in idea.
  • 5. STEPS FOR A FEASIBILITY STUDY • Conduct a preliminary analysis • Prepare a projected income statement • Conduct a market survey, or perform market research • Plan business organization and operations • Prepare an opening day balance sheet • Review and analyze all data • Make a go/no-go decision
  • 6. TYPES OF FEASIBILITY STUDY • Technical Feasibility • Schedule Feasibility • Economic Feasibility • Cultural Feasibility • Legal/Ethical Feasibility • Resource Feasibility • Operational Feasibility • Marketing Feasibility • Comprehensive Feasibility
  • 7. ADVANTAGES OF FEASIBILITY STUDY • Structured approaches to new projects. • Finding alternative solutions. • Reduction in the number of possible projects. • Identification of reasons which speak against a project. • Development of the basics for the later implementation of the project. • Basis for the decision of possible investors for an investment in the project.
  • 9. HOW TO MAKE LEGACY SYSTEM
  • 10. REFERENCES Anon., 2016. en.ryte. [Online] Available at: https://en.ryte.com/wiki/Feasibility_Study [Accessed 22 05 2019]. Anon., 2017. asha.org. [Online] Available at: https://www.asha.org/practice/feasibility/ [Accessed 22 05 2019]. Anon., 2017. cleverism. [Online] Available at: https://www.cleverism.com/conduct-feasibility-study-right-way/ [Accessed 22 05 2019]. Anon., 2018. brighthubpm. [Online] Available at: https://www.brighthubpm.com/project-planning/56372-types-of-feasibility-studies/ [Accessed 22 05 2019]. harriswilli, 2017. faculty.sfasu.edu. [Online] Available at: http://faculty.sfasu.edu/harriswilli/FeasStudy.htm [Accessed 22 05 2019].