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Technical Feasibility, Economic Feasibility, Operational Feasibility, Legal Feasibility

Technical Feasibility

In technical feasibility the following issues are taken into consideration.

• Whether the required technology is available or not

• Whether the required resources are available -
  
  - Manpower- programmers, testers & debuggers
  
  - Software and hardware

Once the technical feasibility is established, it is important to consider the monetary factors also. Since it might happen that developing a particular system may be technically possible but it may require huge investments and benefits may be less. For evaluating this, economic feasibility of the proposed system is carried out.

Economic Feasibility

For any system if the expected benefits equal or exceed the expected costs, the system can be judged to be economically feasible. In economic feasibility, cost benefit analysis is done in which expected costs and benefits are evaluated. Economic analysis is used for evaluating the effectiveness of the proposed system.

In economic feasibility, the most important is cost-benefit analysis. As the name suggests, it is an analysis of the costs to be incurred in the system and benefits derivable out of the system. Click on the link below which will get you to the page that explains what cost benefit analysis is and how you can perform a cost benefit analysis.

Cost Benefit Analysis

Operational Feasibility

Operational feasibility is mainly concerned with issues like whether the system will be used if it is developed and implemented. Whether there will be resistance from users that will effect the possible application benefits? The essential questions that help in testing the operational feasibility of a system are following.

• Does management support the project?

• Are the users not happy with current business practices? Will it reduce the time (operation) considerably? If yes, then they will welcome the change and the new system.

• Have the users been involved in the planning and development of the project? Early involvement reduces the probability of resistance towards the new system.

• Will the proposed system really benefit the organization? Does the overall response increase? Will accessibility of information be lost? Will the system effect the customers in considerable way?

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