Genetibase Software Development Services - Feasibility Studies
Genetibase, Inc. feasibility studies are a preliminary study undertaken before the real work of a project starts to ascertain the likelihood of any project’s success. It is an analysis of possible solutions to a problem and a recommendation on the best solution to use. It involves evaluating how the solution will fit into your corporation. It, for example, can decide whether an order processing be carried out by a new system more efficiently than the previous one.
Main analysis reasoning is:
• The current system may no longer suit its purpose.
• Technological advancement may have rendered the current system obsolete.
• The business is expanding, not allowing it to cope with extra work load.
• Customers are complaining about the speed and quality of work the business provides.
• You are not winning a big enough market share due to an ineffective integration of a computerized system.
Within a feasibility study, we review four main areas, including those of Economic, Technical, Schedule and Organizational.
• Economic Feasibility:
o This involves questions such as whether you can afford to build the system, whether its benefits should substantially exceed its costs, and whether the project has higher priority than other projects that might use the same resources.
• Technical Feasibility:
o This involves questions such as whether the technology needed for the system exists, how difficult it will be to build, and whether the firm has enough experience using that technology.
• Schedule Feasibility:
o This involves questions such as how much time is available to build the new system, when it can be built (i.e. during holidays), interference with normal business operation, etc.
• Organizational Feasibility:
o This involves questions such as whether the system has enough support to be implemented successfully, whether it brings an excessive amount of change, and whether the organization is changing too rapidly to absorb it.
