Sunday, 2 December 2012

FEASIBILITY STUDY OF SOFTWARE ENGINEERING

Posted by Vineeth vishnu On 22:51 | No comments

          FEASIBILITY ANALYSIS
Inputs are required for developing the system, which stored for the process and for future use. System will work on the inputs given by the user and itself gathers most of the information necessary for its activities. The main objectives that are guiding as in the input stages are:
·                Controlling the amount of inputs
·                Avoiding inordinate delay
·                Controlling errors
Scope of Study
The main objective of this project is to enter information’s related with patients and report generation. The system facilitates to handle large amount of data, quick and accurate and any time information to users, fast processing of data and security features based on user roles.
Feasibility Study
Every project is feasible provided given unlimited resources and infinite time. Unfortunately the development of a computer-based system is more likely to be plagued  by resource scarcity and stringent schedules. It is both necessary and prudent to evaluate the feasibility of a project at earliest possible time. Wastage of manpower and financial resources and untold professional embarrassment can be avoided if an ill-conceived system is recognized early in the development phase. So a detailed study was carried out to check the workability of the proposed system.
Feasibility study is a test of system proposal regarding its workability, impact on the organization, ability to meet user needs and effective use of resources. Thus, when an application is proposed, it is normally goes through a feasibility study before it is approved for development.
Feasibility and risk analysis is related in many ways. If project risk is great, the feasibility of producing quality is reduced. Thus during feasibility analysis for this project, following three primary areas for interest was considered very carefully. There are several types of feasibility.
Economic Feasibility
An evaluation of development cost weighted against the ultimate income or benefit derived from the proposed system. The proposed system will not cause any expenditure since all the requirements are available in the firm.
Technical Feasibility
A study of resource availability that may affect the ability to achieve an acceptable system. Technical feasibility is the most difficult area to ensure at initial stage. Since te objectives, functions, performance cannot be predicted to its fullest, everything  seems possible, provided the right assumptions are made.
It is essential that the process of analysis and definition can be conducted in parallel with an assessment of technical feasibility. The consideration that is normally associated with technical feasibility includes resource availability at the organization where the project is to be developed and implemented.
Operational Feasibility
           It deals with the consideration about working of the system after installation. The proposed system would be beneficial to its users as their needs are fully satisfied. As this project satisfies all the requirements of the users it is operationally feasible. All the operational aspects are considered carefully here. Only by spending tie to evaluate feasibility we will be able to reduce the chances for extreme embracement at later stages of a project.
The benefits of proposed system are:
·           Ability to handle large amount of a data
·           Fast and accurate information is possible
·           Security features based on user roles
·           Easy Report generation
Thus, considering the above facts management felts that the project is feasible.


Financial Feasibility: 

Financial feasibility should be distinguished from economic feasibility. Financial feasibility involves the capability of the project organization to raise the appropriate funds needed to implement the proposed project. Project financing can be a major obstacle in large multi-party projects because of the level of capital required. Loan availability, credit worthiness, equity, and loan schedule are important aspects of financial feasibility analysis.

Cultural Feasibility:

Cultural feasibility deals with the compatibility of the proposed project with the cultural setup of the project environment. In labor-intensive projects, planned functions must be integrated with the local cultural practices and beliefs. For example, religious beliefs may influence what an individual is willing to do or not do.

Social Feasibility :


 Social feasibility addresses the influences that a proposed project may have on the social system in the project environment. The ambient social structure may be such that certain categories of workers may be in short supply or nonexistent. The effect of the Project on the social status of the project participants must be assessed to ensure compatibility. It should be recognized that workers in certain industries may have certain status symbols within the society.

Market Feasibility:

 Another concern is market variability and impact on the project. This area should not be confused with the Economic Feasibility. The market needs analysis to view the potential impacts of market demand, competitive activities, etc. and "divertable" market share available. Price war activities by competitors, whether local, regional, national or international, must also be analyzed for early contingency funding and debt service negotiations during the start-up, ramp-up, and commercial start-up phases of the project.


Reactions:

0 comments:

Post a Comment

Blogroll

Blogger templates

About