In assessing the project viability the company must

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In assessing the project viability the company must analyze and justify the benefits, costs, and risks associated with any project. The costs include fixed costs and the total cost of ownership. The benefits are sometimes intangible benefits and are very desirable but difficult to place a monetary value on. To weigh out the costs and benefits companies use what is called the “cost-benefit” analysis. The cost benefit analysis breaks it down to the net present value, return on investment, and breakeven analysis.
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Week 5 Reflection Summary 3 The traditional systems development life cycle processes are, system investigation, analysis, designing, programming and testing, implementation, and operation and maintenance. The pros include control over the project, accountability for work done, and quick error detection. Cons are inflexibility, time-consuming and expensive, and unfavorable towards change once user requirements are met. Systems investigation starts with a problem then moves into the feasibility analysis, which offers a Go or No Go decision. The feasibility is based on whether it is technically, economically, organizationally, and behaviorally feasible. System analysis looks at the problem and gathers
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