SYSTEMS DEVELOPMENT ANALYSIS
SYSTEMS DEVELOPMENT LIFE CYCLES
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Question
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Investigation to see the problem and decides whether it is practical and beneficial to build the system.
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Person responsible for designing and developing an information system (IS)
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Is a decision-making body in a company
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Working model of a proposed system
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Detailed explanation-1: -A feasibility study aims to provide an independent assessment that examines all aspects of a proposed project, including technical, economic, financial, legal, and environmental considerations. This information then helps decision-makers determine whether or not to proceed with the project.
Detailed explanation-2: -Feasibility Study can be considered as preliminary investigation that helps the management to take decision about whether study of system should be feasible for development or not.
Detailed explanation-3: -The purpose of a feasibility report is to determine the feasibility of solutions or project paths and choose the best option. The feasibility report serves to break down different approaches to a problem or project and help readers understand the feasibility of each approach.
Detailed explanation-4: -A feasibility study contains a detailed analysis of what’s needed to complete the proposed project. The report may include a description of the new product or venture, a market analysis, the technology and labor needed, as well as the sources of financing and capital.
Detailed explanation-5: -Feasibility Study analyses whether the proposed business ideas will succeed or fail. It determines the practicality by assessing the opportunities and threats of the proposed plan.