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A feasibility study encompasses all
of the following:
Economic Feasibility This
involves questions such as whether the firm 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 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 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 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.
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