Feasibility analysis is the procedure for identifying the candidate system, evaluating and electing the most feasible system. This is done by investigating the existing system in the area under investigation or general ideas about a new system. It is a test of a system proposal according to its workability, impact on the organization, ability to meet user needs, and effective use of resources. The objective of feasibility study is not to solve the problem but to acquire a sense of its scope. Feasibility analysis involves the following steps:
Ø Form a project team and appoint a project leader.
Ø Prepare system flow charts.
Ø Enumerate potential candidate system.
Ø Describe and identify characteristics of candidate systems.
Ø Determine and evaluate performance and cost effectiveness of each candidate system.
Ø Weigh system performance and cost data.
Ø Select the best candidate system.
Ø Repair and report final project directive to management.
Three key considerations are involved in the feasibility analysis:
R Economic
R Technical
R Behavioral.
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