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What is the difference between feasibility and viability?
Assuming that the question relates to an investment appraisal, feasibility looks mainly at the profitability of the project, and viability looks at the likelihood of survival.
What is technical feasibility?
TECHNICAL FEASIBILITYA large part of determining resources has to do with assessing technical feasibility. It considers the technical requirements of the proposed project. The technical requirements are then compared to the technical capability of the organization. The systems project is considered technically feasible if the internal technical capability is sufficient to support the project requirements.The analyst must find out whether current technical resources can be upgraded or added to in a manner that fulfills the request under consideration. This is where the expertise of system analysts is beneficial, since using their own experience and their contact with vendors they will be able to answer the question of technical feasibility.
What is the difference between initial investigation and feasibility study?
An initial investigation is a preliminary assessment conducted to gather basic information about a project or problem, focusing on identifying key issues and potential solutions. In contrast, a feasibility study is a more in-depth analysis that evaluates the practicality, viability, and potential impact of a proposed project, considering factors such as cost, resources, and risks. While the initial investigation sets the stage for understanding the scope, the feasibility study provides a comprehensive framework for decision-making.
What is the difference between initial investigation feasibility study in SDLC?
Ah, the initial investigation and feasibility study are both important steps in the Software Development Life Cycle (SDLC). During the initial investigation, we gather information to understand the project requirements and scope. The feasibility study helps us assess if the project is technically and financially viable. Remember, each step is like a brushstroke in a beautiful painting, helping us create a successful project masterpiece.
Why Feasibility Study is important in System Development?
feasibility is the measure of how much a new solution
