System Project Feasibility: Technical, Economic, and Operational Aspects
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Determination of Feasibility
For system projects, feasibility is assessed in three main ways: operationally, technically, and economically. A project must be feasible in all three forms to merit further development. The feasibility study is not a complete system study. Instead, we use the feasibility study to collect raw data for the administration that, in turn, allows them to decide whether to continue the study of the system. The data for the feasibility study can be collected through interviews that are directly related to the problem or opportunity that is being suggested. While it is important to address the right problem, do not spend much time doing feasibility studies because many projects will be required, and only a few should be... Continue reading "System Project Feasibility: Technical, Economic, and Operational Aspects" »