Feasibility Study

Depending on the results of the initial investigation of the survey of any project it  is then expanded to a more detailed feasibility study. “FEASIBILITY STUDY” is a test of system proposal according to its workability, impact of the organization, ability to meet needs and effective use of the resources. It focuses on these major questions:

·         What are the user’s demonstrable needs and how does a candidate system meet them?

·         What resources are available for given candidate system?

·         What are the likely impacts of the candidate system on the organization?

·         Whether it is worth to solve the problem?

During feasibility analysis for this project, following primary areas of interest are to be considered. Investigation and generating ideas about a new system does this.

Steps in feasibility analysis:

Eight steps involved in the feasibility analysis are:

·         Form a project team and appoint a project leader.

·         Prepare system flowcharts.

·         ­Enumerate potential proposed system.

·          Weight system performance and cost data.

·         Select the best-proposed system.

·         Prepare and report final project directive to management.

1. Technical Feasibility

It is a study of resource availability that may affect the ability to achieve an acceptable system. This evaluation determines whether the technology needed for the proposed system is available or not.

·         Can the work for the project be done with current equipment existing software technology & available personal?

·         Can the system be upgraded if developed?

·         If new technology is needed then what can be developed?

·         This is concerned with specifying equipment and software that will successfully satisfy the user requirement. The technical needs of the system may include:

·         Front-end and back-end selection

An important issue for the development of a project is the selection of suitable front-end and back-end. When we decided to develop the project we went through an extensive study to determine the most suitable platform that suits the needs of the organization as well as helps in development of the project.

The aspects of our study included the following factors:

Front-end selection:

It must have a GUI that assists employees that are not from IT background.

·         Scalability and extensibility

·         Flexibility

·         Robustness

According to the organization requirement and the culture

·         Must provide excellent reporting features with good printing support

·         Platform independent

·         Easy to debug and maintain

·         Event driven programming facility

·         Front end must support some popular back end like MS Access

2. Economic Feasibility

Economic justification is generally the “Bottom Line” consideration for most systems. Economic justification includes a broad range of concerns that includes cost benefit analysis. In this we weight the cost and the benefits associated with the candidate system and if it suits the basic purpose of the organization i.e. profit making, the project is making to the analysis and design phase.

The financial and the economic questions during the preliminary investigation are verified to estimate the following:

·         The cost to conduct a full system investigation.

·         The cost of hardware and software for the class of application being considered.

·         The benefits in the form of reduced cost.

·         The proposed system will give the minute information, as a result the Performance is improved

This feasibility checks whether the system can be developed with the available funds. Online Bookstore System does not require enormous amount of money to be in function. This can be done economically if planned judicially, so it is economically feasible. The cost of project depends upon the number of man-hours required.

3. Operational Feasibility

It is mainly related to human organizations and political aspects. The points to be considered are:

·         What changes will be brought with the system?

·         What organization structures are disturbed?

·         What new skills will be required? Do the existing staff members have these skills? If not, can they be trained in due course of time?

The system is operationally feasible as it very easy for the End users to operate it. It only demands some basic information about Windows platform.

4. Schedule Feasibility

Time evaluation is the most important consideration in the development of project. The time schedule required for the developed of this project is very important since more development time effect machine time, cost and cause delay in the development of other systems. A reliable online billing System can be developed in the considerable amount of time.