Mataracy
VIP Contributor
Before we start any business or sited a company feasibility study need to be considered first. This is done because business can not operate on it own without its environment.
PURPOSE OF A FEASIBILITY STUDY
A feasibility study is the first stage in a project to develop a new information technology.
The purpose is the different options that exist for a new system. The study should also consider the different options and recommend one of these.
THE STEERING COMMITTEE AND THE FEASIBILITY STUDY GROUP.
The project committee should be responsible for supervising and controlling the development of new information system or information technology system.
The committee should consist of senior managers with information technology expertise,financial project management expertise and business knowledge.
There must be a sponsors; that is the person with overall responsibility for new system and may be the head of the steering committee.
The sponaorvshould be the project champions.
The steering committee establishes the terms of reference for the feasibility study.
These should includes.
(1) A statement of the purpose and objectives of the new system
(2) The scope of the feasibilities study
(3) The budget limits for the project, if these can be decided before the study.
(4) The time scale for the study and the report.
Stages in a feasibility study:
(1) Formation of the study group and setting the terms of reference for the study.
(2) planning the study.The time scales for reporting must be agreed with target date for submission of the feasibility report to the project steering committee.
(3) A feasibility study budget should be agreed by the steering committee.
(4) identify alternative system.
(5) Each alternative for a new system should be evaluated,using test of (1) Technical feasibility (2) operational feasibility (3) social feasibility (4) Economical feasibility.
This is what we need to put in to consideration before starting a company or business.
What did understand about this?
PURPOSE OF A FEASIBILITY STUDY
A feasibility study is the first stage in a project to develop a new information technology.
The purpose is the different options that exist for a new system. The study should also consider the different options and recommend one of these.
THE STEERING COMMITTEE AND THE FEASIBILITY STUDY GROUP.
The project committee should be responsible for supervising and controlling the development of new information system or information technology system.
The committee should consist of senior managers with information technology expertise,financial project management expertise and business knowledge.
There must be a sponsors; that is the person with overall responsibility for new system and may be the head of the steering committee.
The sponaorvshould be the project champions.
The steering committee establishes the terms of reference for the feasibility study.
These should includes.
(1) A statement of the purpose and objectives of the new system
(2) The scope of the feasibilities study
(3) The budget limits for the project, if these can be decided before the study.
(4) The time scale for the study and the report.
Stages in a feasibility study:
(1) Formation of the study group and setting the terms of reference for the study.
(2) planning the study.The time scales for reporting must be agreed with target date for submission of the feasibility report to the project steering committee.
(3) A feasibility study budget should be agreed by the steering committee.
(4) identify alternative system.
(5) Each alternative for a new system should be evaluated,using test of (1) Technical feasibility (2) operational feasibility (3) social feasibility (4) Economical feasibility.
This is what we need to put in to consideration before starting a company or business.
What did understand about this?