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Project Feasibility: by Mugigayi Fahadi 0700697404
Project Feasibility: by Mugigayi Fahadi 0700697404
Project Feasibility: by Mugigayi Fahadi 0700697404
By
Mugigayi Fahadi
0700697404
jfahadi@gmail.com
1
Introduction
• Many project managers work with company internal
sponsors, such as a company-internal new product development to do
feasibility studies
In the above case, producing the results within agreed-on schedule and
budget constraints becomes the primary measure of performance.
2
Definition of feasibility
• Tests for whether a project can be
done.
• the measure of how beneficial or
practical an information system will be
to an organization.
3
Essence of feasibility?
• Plan the project development and implementation activities.
• Estimate the probable elapsed time, staffing, and equipment
requirements.
• Identify the probable costs and consequences of investing in the new
project.
• feasibility study results should evaluate the alternative conceptual
solutions along with associated benefits and costs. (feasibility report)
Essence of feasibility?
• provide management with the predictable results of implementing a
specific project and to provide generalized project requirements.
• used as the basis on which to decide whether to proceed with the costly
requirements, development, and implementation phases. User
involvement during the feasibility study is critical; must supply much of
the required effort and information, and, in addition, must be able to
judge the impact of alternative approaches. Can any user do the above?
Essence of feasibility?
• deals with the technical aspects of the proposed project and requires the
development of conceptual solutions.
When doing a Project Feasibility study
• it is necessary to define the project's basic approaches and its
boundaries or scope.
The following checklist may guide students
• Evaluate alternatives
• Evaluate market potential
• Evaluate cost effectiveness
• Evaluate producibility
• Evaluate technical base
Critical decision factors for feasibility
• Technical
• Cost
• Quality
• Safety
• Ease of performance/Operational
• Economical
• Legal
Tests For Feasibility
Operational feasibility – a measure of how well a solution will work or be
accepted in an organization.
Usability analysis – a test of the system’s user
interfaces.
interfaces.
How do end users feel about their role in the new system?
What endusers may resist or not use the system? Can this problem be overcome, how?
How will the working environment of the end users change? Can or will they adapt to the change?
Tests For Feasibility continued
Technical feasibility – a measure of the practicality of a technical solution and the
availability of technical resources and expertise.