In short
A feasibility study, done early in the systems development life cycle, assesses whether a proposed system is technically, economically, operationally and schedule feasible before committing to build or buy it.
Key takeaways
- Economic feasibility compares expected costs and benefits.
- It ends with a decision to proceed, change course or stop.
- Users and management should be involved, not just technology staff.
Where it's tested
ISC: Systems Development & Change Management — study notes, a five-minute revision sheet and practice questions.
Practise: 3 questions
Question 1 of 3 · 0 answered
Which system conversion approach carries the highest risk?