SWOT - 1. What is a SWOT Analysis, and Why is it Important?...

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1. What is a SWOT Analysis, and Why is it Important? SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Having a SWOT analysis is an important exercise to help you to see where your business is in the marketplace and what strategies you can develop to increase your market share. 2. What is feasibility? List and briefly discuss four feasibility tests. Feasibility : capable of being done or carried out. Operational feasibility means that a proposed system will be used effectively after it has been developed. 1. Do management or do users support the projects? Do users see the need for change? 2. Will the system result in a work force reduction? 3. Will the system require training for users? 4. Will customers experience adverse effect in anyway, either temporarily or permanently? Economic Feasibility means that the projected benefits of the proposed system outweigh the estimated costs usually considered the total cost of ownership (TCO). 1. People, including IT staff and users 2. Hardware and equipment 3. Software 4. Formal and informal training 5. Licenses and fees 6. Consulting expenses 7. Facility costs 8. The estimated cost of not developing the system or postponing the project
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This note was uploaded on 02/13/2011 for the course CPT 264 taught by Professor Cox during the Spring '11 term at University of Central Oklahoma.

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SWOT - 1. What is a SWOT Analysis, and Why is it Important?...

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