Question

Somebody help me answer following questions (from ICT)

1) What is feasibility study and name it's stages

2) Name four methods and briefly explain them

3) Write 2 advantages and 2 disadvantages for these research methods

Answer 1

hey mate

here is your answer..!!

〽A feasibility study is an evaluation and analysis of a project or system that somebody has proposed. We also call it a feasibility analysis. The study tries to determine whether the project is technically and financially feasible, i.e., is it technically or financially viable? Financially feasible, in this context, means whether the project is feasible within the estimated cost.

〽Types of Feasibility

↗Various types of feasibility that are commonly considered include technical feasibility, operational feasibility, and economic feasibility.

〽Technical feasibility

assesses the current resources (such as hardware and software) and technology, which are required to accomplish user requirements in the software within the allocated time and budget. For this, the software development team ascertains whether the current resources and technology can be upgraded or added in the software to accomplish specified user requirements. Technical feasibility also performs the following tasks.

〽Operational feasibility

assesses the extent to which the required software performs a series of steps to solve business problems and user requirements. This feasibility is dependent on human resources (software development team) and involves visualizing whether the software will operate after it is developed and be operative once it is installed. Operational feasibility also performs the following tasks.

〽Economic feasibility

determines whether the required software is capable of generating financial gains for an organization. It involves the cost incurred on the software development team, estimated cost of hardware and software, cost of performing feasibility study, and so on. For this, it is essential to consider expenses made on purchases (such as hardware purchase) and activities required to carry out software development. In addition, it is necessary to consider the benefits that can be achieved by developing the software. Software is said to be economically feasible if it focuses on the issues listed below.