Project Feasibility

1. Project Feasibility Class 8

2. SDLC Project Identification & Selection Project Initiation & Planning *** Analysis Logical Design Physical Design Implementation Maintenance

3. Assessing Project Feasibility • Economic • Organizational and Cultural (or Political) • Technical • Schedule • Resource • Operational • Legal/contractual

4. Economic feasibility • Identifying the financial benefits and costs associated with the project (CBA) • At this point, probably do not know enough to complete in detail. • What can be done: list tangible and intangible costs and benefits.

5. Tangible benefits • Can be measured in dollars and with certainty. • 1. • 2. • 3. • 4.

6. Tangible Benefit Example • Time spent finding invoices, receipts, and orders… • Assume person spends 10% of time doing this • Assume your new system will reduce the time to 1% • This represents a 9% reduction in time • If person’s salary is $25,000/yr, then savings is $2,250 ($25000 * .09)

8. Intangible benefits • Difficult to assign dollar amount • Customer-related, societal • 1. • 2. • 3.

9. Costs • Tangible • One-time costs • Recurring costs • Intangible

13. Other Feasibility Analyses • Organizational & Cultural (Political) • Technical

14. Other feasibility analyses • Schedule • Resource

15. Other feasibility analyses • Operational • Legal / Contractual