Assignemnt4.docx - Feasibility Scheduling and Costing...

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2016-10-06 Feasibility, Scheduling and Costing Agamani Parida Dept. of Computer Science and Engineering Abstract The paper touches on the importance of Feasibility study in a development process. This will also cover the aspects of Scheduling, Costing and how they make the overall impact on a product and software lifecycle. All these are the building blocks of the software development process which will help to improve the quality and productivity of software or product. Introduction Feasibility study is an important step in the software project initial phase. To achieve a valuable analysis, it is important to identify crucial aspects related to the feasibility. Most of the aspects come from the software product requirements. The process of costing is carried out to estimate how much software engineering time will be required to do some work. Scheduling is carried out to get the timeline of tasks with projected start times, durations, and end times is typically produced during planning. Scheduling and costing have equal importance in the overall lifecycle. Schedule and Cost are the two variables that can decide the fate of project, so any deviation need to be carefully measured and acted upon for better end results. Market Requirements Document (MRD) MRD is a document that is usually written by a Project Manager or analyst capturing the high-level market requirements for a project. In the overall project life cycle the Marketing Requirement Document (MRD) plays an important role from inception to end. This document defines and explains about the new product, target customer, what other products are in competition, why customer wants this project. The following attributes defines a good MRD Return on investment (ROI) Every product or software development has only one intention and that is adding value to the end users and giving return on investment. Better the ROI, more successful the product is. What problems are we trying to solve? The answer to the question should capture the all the problems the product will solve for the end user. A product becomes successful when it solves problem and makes end user’s life easy. But if a product fails to solve any problem then there will be no takers for the product Who is customer? Customers are the people who will spend money for the product and many times they might not be the actual end user. Who is user? The answer to the question should capture the all the problems the product will solve for the end user. A product becomes successful when it solves problem and makes end user’s life easy. But if a product fails to solve any problem then there will be no takers for the product
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High level requirement (functional & nonfunctional) This is like the concept or the reason behind the project. This represents the intended behavior of the system. In any development it is always better to understand the baseline vs good to have function. This statement should represent the must haves of a software or product.
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