Economic, Financial, Technical, Schedule, Resource, Legal and Operational feasibility analysis is carried out in order to study various aspects of the proposed project and conclude to the permutation and combination which suits best to the client. Global Scientific Inc. has both the academic and professional expertise to conduct the feasibility analysis in a manner which encompasses the voice and opinions of all the stakeholders to the proposed project, ensures that the proposed project meets all the legal compliances and details a cost benefit analysis with respect to the client's investment and expected benefits/return of his investment.
The purpose of the economic feasibility assessment is to determine the positive economic benefits to the organization that the proposed system will provide. It includes quantification and identification of all the benefits expected. These benefits can be both, tangible as well as intangible. Economic feasibility also encompasses the direct intangible benefits that the client would get in terms of increase in his brand value. This assessment typically involves a cost/ benefits analysis.
The following are the major parameters that are studied during financial feasibility analysis:
The proposed project, its purpose, outlined design, available technical expertise, technical expertise required and the type and number of man hours required for successful on time completion of the project are included in studying the technical feasibility.
The following are generally included in any technical feasibility reports:
This involves questions such as how much time is available to build the new system, when it can be built, whether it interferes with normal business operations, type and amount of resources required, dependencies, and developmental procedures with company revenue prospectus
Encompasses all the legal and regulatory compliances that apply to the proposed project and also those which might apply amidst the changing laws and policy measures of the state and the central government.
Operational feasibility is a measure of how well a proposed system solves the problems, and takes advantage of the opportunities identified during scope definition and how it satisfies the requirements identified in the requirements analysis phase of system development.
It is focused on the scale to which the proposed project fits in comparison to the requirements at present and in the near future. To ensure easy, efficient and smooth operation and maintenance of the proposed project, it is very important to impart necessary measures during the design and development stage.
The major design dependent parameters that are included in the operational feasibility analysis are reliability, maintainability, supportability, usability, producibility, disposability, sustainability and affordability.
These parameters are required to be considered at the early stages of design if desired operational behaviors are to be realized. At Global Scientific Inc, we believe that a system may serve its intended purpose most effectively when its technical and operating characteristics are engineered into the design. Therefore, operational feasibility is a critical aspect of systems engineering that needs to be an integral part of the early design phases and is carried out under the moderation and consultation of some of the best and the most experienced academicians and consultants in the industry today.