Feasibility criteria
The feasibility study of a software project along five criteria, return on investment, payback period, the weighted decision matrix and the decision to go or not.
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- 4 topics
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Feasibility study: what is it?
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An analysis carried out before committing, which establishes whether the project can be done and whether it is worth doing.
It examines five criteria: technical, economic, legal, organisational and schedule. A single blocking criterion is enough to call the launch into question.
A project costs €20,000 and earns €30,000 in total. What is its return on investment?
- 50%
- 150%
- 33%
- 67%
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50%
Net gain: €30,000 − €20,000 = €10,000, divided by the cost of €20,000: 50%. 150% divides the gross gain by the cost; 33% divides the net gain by the gross gain; 67% divides the cost by the gross gain.
The five criteria of a feasibility study are: technical, …, …, organisational and ….
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The five criteria of a feasibility study are: technical, economic, legal, organisational and schedule.
Each answers a question: can it be done, at what price, is it allowed, will it be adopted, and on time?
Technical feasibility: what is it?
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The criterion that checks that the technologies, skills and data needed exist and can be mastered by the team.
A finding such as “the team has never integrated online payment” belongs to it. It is often settled by a short experiment on the riskiest point.