Nabin basnet btech hnd2 nd semester sec f p a g e

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Nabin Basnet (BTECH HND/2 nd Semester, Sec F) | P a g e
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Software Development Lifecycle | 2019 Technical/Technological: The principle was founded upon the development of system requirements, in order to determine if the organization has the technical expertise to carry out the task. The feasibility study aims to produce good results with highly qualified persons and suitable equipment. Furthermore, the feasibility study examines a technical solution that is suitable and then examines if the solution can or cannot be implemented in the environment. Economical: In this principle the questions may arise to determine the available economical resources is affordable or not? Though it is affordable it questions like: is the projected return on investment sufficient? It is impossible to implement a project that is simply too costly and that does not bring adequate economic benefits. This is the most important factor in the profitability of the company. In fact, this is given by the project's feasibility study. The project expenditure should be reviewed on request. Legal: Does the suggested project meet with the applicable laws? We must ensure at this point that no law has been breached in our project. Some of the projects have been restricted to by the governments. So the study of the entire background must be known and work must then only begin. The study of the project's feasibility will also make us aware of the legal aspects of illegal projects to be carried out. The project should be registered in the government legally. Operational/Organizational: Is the project in accordance with the organization's policies and goals? This is confirmed at this point in the analysis of feasibility. In the given environment, the planned projects will run or these are not controlled at these stages. If the employees and the management collaborate or provide assistance during the operation of the project, the overall project completion time will be reduced. The project operation should be cost-efficient and completed on time under the estimated budget. Scheduling: Is it possible that the project will be finished on time despite the proposed schedule? If it takes too long for the project to conclude, it will increase costs and have a harmful effect on the overall profitability. The satisfaction of the customers is an important factor in the project so that the entire project is decided at the very beginning and scheduled as required. Purpose of Feasibility study The purpose of a feasibility study is to evaluate a business plan and assess whether the project is workable and whether it needs to be followed up. We are able to guarantee that clients open up Nabin Basnet (BTECH HND/2 nd Semester, Sec F) | P a g e
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Software Development Lifecycle | 2019 their business, invest the entire money with confidence and can guarantee that profits are made from the project with an accurate and complete feasibility study of the project. If the project is
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