Six Categories Economic Technical Operational Schedule Legal and contractual

Six categories economic technical operational

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Six Categories Economic Technical Operational Schedule Legal and contractual Political Assessing Economic Feasibility Intangible Benefits Cannot be measured easily Examples Increased employee morale Competitive necessity More timely information Promotion of organizational learning and understanding Determine Costs Tangible Costs Can easily be measured in dollars
Example: Hardware Assessing Economic Feasibility Determine Costs (Continued) Intangible Costs Cannot be easily measured in dollars Examples: Loss of customer goodwill Loss of employee morale Assessing Economic Feasibility One-Time Costs Associated with project startup, initiation and development Includes System Development New hardware and software purchases User training Site preparation Data or system conversion Assessing Economic Feasibility Recurring Costs Associated with ongoing use of the system Includes: Application software maintenance Incremental data storage expense New software and hardware releases Consumable supplies Incremental communications Time value of money (TVM) The process of comparing present cash outlays to future expected returns Assessing Technical Feasibility Technical Feasibility Assessment of the development organization’s ability to construct a proposed system Project risk can be assessed based upon: Project size Project structure
Development group’s experience with the application User group’s experience with development projects and the application area Assessing Other Project Feasibility Concerns Operational Feasibility Assessment of how a proposed system solves business problems or takes advantage of opportunities Schedule Feasibility Assessment of time frame and project completion dates with respect to organization constraints for affecting change Legal and Contractual Feasibility Assessment of legal and contractual ramifications of new system Assessing Other Project Feasibility Concerns Political Feasibility Assessment of key stakeholders in organization’s view toward proposed system Building the Baseline Project Plan Objectives Assures that customer and development group have a complete understanding of the proposed system and requirements

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