1.) ECONOMIC FEASIBILITY
Economic analysis is most frequently used for evaluation of the
effectiveness of the system. More commonly knows as cost/benefit analysis
the procedure is to determine the benefit and saving that are expected from a
system and compare them with costs, decisions is made to design and
implement the system.
This part of feasibility study gives the top management the economic
justification for the new system. This is an important input to the
management the management, because very often the top management does
not like to get confounded by the various technicalities that bound to be
associated with a project of this kind. A simple economic analysis that gives
the actual comparison of costs and benefits is much more meaningful in such
cases.
In the system, the organization is most satisfied by economic feasibility.
Because, if the organization implements this system, it need not require any
additional hardware resources as well as it will be saving lot of time.
2.) TECHNICAL FEASIBILITY
Technical feasibility centers on the existing manual system of the test
management process and to what extent it can support the system.
According to feasibility analysis procedure the technical feasibility of the
system is analyzed and the technical requirements such as software facilities,
procedure, inputs are identified. It is also one of the important phases of the
system development activities.
The system offers greater levels of user friendliness combined with greater
processing speed. Therefore, the cost of maintenance can be reduced. Since,
processing speed is very high and the work is reduced in the maintenance
point of view management convince that the project is operationally feasible.
3) BEHAVIOURAL FEASIBILITY
People are inherently resistant to change and computer has been known to
facilitate changes. An estimate should be made of how strong the user is
likely to move towards the development of...