SYSTEMS DEVELOPMENT ANALYSIS
SYSTEMS DEVELOPMENT METHODS AND TOOLS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Feasibility study
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Profit and loss account
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Analysis report
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None of the above
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Detailed explanation-1: -A feasibility study is a preliminary document that assesses the feasibility of a proposed business. It looks at the market potential, the competition, the costs and benefits of starting the business, and the risks and rewards involved.
Detailed explanation-2: -A technical feasibility study helps organisations determine whether they have the technical resources to convert the idea into a fully functional and profitable working system. It helps in troubleshooting the project before commencing work. The study identifies potential challenges and uncovers ways to overcome them.
Detailed explanation-3: -A feasibility study is designed to help decision-makers determine whether or not a proposed project or investment is likely to be successful. It identifies both the known costs and the expected benefits.