Feasibility Costs and Benefits

FEASIBILITY COSTS AND BENEFITS

The costs associated with feasibility analysis are:

Hardware: Remember backup

Software: for development, operation, documentation, training etc.

Operational costs: Maintenance

Client’s personnel: During development for operations.

  • Change over to new system
  • Software development. The benefits associated with feasibility analysis are:
  • New improved capabilities.
  • Efficiency of operations.
  • Accuracy
  • Timeliness of decisions
  • Cost savings.

The considerations for cost/benefit analysis are:

  • Do cost/benefit analysis on each case.
  • Make trade off explicit
  • Table of alternatives versus cost/benefits.

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