5c- Feasiblity

5c- Feasiblity

Financial
1. Cost-benefit analysis takes place to ensure best value for money
2. Benefits
  1. Increased productivity per hour
  2. Savings in running costs (e.g. ink/electricity)
  3. Savings in staffing costs due to less staff required.
  4. Cheaper annual software lincences
  5. Sale of existing equipment or accomodation
3. Costs
  1. Software development or purchase
  2. Hardware purchase
  3. Changes to accomodation
  4. Hardware and cabling installation
  5. Hiring of new staff (specialists)
  6. Training costs and time lost from normal jobs
  7. Cost of changeover period
Personnel
1. Intangible: Can't be measured or quantified
2. Disadvantages
  1. Employees may not have expertise in new system
  2. Redundancies due to system may decrease morale
  3. Employees may not be willing to change work practices or adapt to new working conditions
Technical
1. Disadvantages
  1. New software may require more memory, disk space and higher processing
  2. Existing data may not be compatible with new software. Disruptions when transferring data may waste time.
  3. New software may not be compatible with existing software
    1. Replacing existing software may be expensive
  4. Incompatible peripherals may need upgrading
  5. Technology to achieve wanted solution may not exist
  6. Development time may be long
  7. If parallel change over can't be used there may be risks when switching systems
Feasibility report: A report addressing whether it is feasible to upgrade/install software or hardware based on many factors
1. Company has to weigh up all costs and benefits

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	Created by Gladys Mba almost 8 years ago