Feasibility study:
Why would I use a feasibility study in this project? The reason why I will be including the feasibility
study is to create a detailed analysis that talks about all of the project’s relevant factors that would
include economic data, technical, legal, and scheduling decisions. Using these aspects in my
feasibility study will ensure that me and the developers successfully complete the project.
Benefits of feasibility study and project Key factors of a feasibility study.
managers: - It assesses the practicality of a proposed plan or
- It can help project managers determine project. In this case it will assess the plan that has
the advantages and disadvantages for been produced by the developers and their
whether to accept the project before applications.
investigating time and effort into it. - A feasibility study is used to determine many factors
- Feasibility study can provide managers such as risks, cost, technical and legal, this will
with critical information that can decide whether the project can succeed completion.
prevent them from entering into a risky - Whether the project is feasible or not can depend
project that has low chances of on the project’s cost and return on the investment,
success. in this case we will be providing a feasibility study
for this project as costs are not defined.
Ways of conducting the feasibility study:
- Proceed with a preliminary analysis that involves getting feedback from the appropriate
associates.
- Analyse and ask questions about the data obtained.
- Write an organizational, operational, or business plan, identifying the amount of work need,
costs and duration.
- Identify and obstacles or potential vulnerabilities.
Types of feasibility study:
Technical
Economic
This focuses on the technical resources available for
This type of feasibility study involves some sort the organisation. It helps organisations determine
of cost / benefit of the project. It will help whether the technical resources are enough to meet
organisations terminate whether the project the capacity and whether the team is capable of
will be successful, it helps them determine the converting the ideas into a working application.
cost and other benefits linked to the project Technical also involves the evaluation of the
before any financial resources are allocated. hardware, software, and other components.
Operational Legal
This assessment involves undertaking a study in This type of assessment investigates whether any
order to analyse and determine whether, how aspect of the proposed project conflicts with legal
well, the needs of the organizations can be met requirements such as following or breaking laws,
by completing the project. Operational data protection acts or any social media laws. By
feasibility study will also examine how a project using this study, the organisation will save a
plan satisfies the requirements. considerable amount of time and effort by learning
that their project was not feasible right from the
start.
, Scheduling
This assessment involves undertaking a study in order to analyse and determine whether, how well,
the needs of the organizations can be met by completing the project. Operational feasibility study
will also examine how a project plan satisfies the requirements. This is the most IMPORTANT for a
project to succeed. A project will fail if it is not completed on time. In scheduling feasibility analysis,
it helps identify and estimate how much time will be needed for the full completion of a project.
When these areas have been examined, the feasibility study will also help identify the following:
- Internal project constraints (Technical, Technology, Budget, Resources. )
- Internal corporate constraint (Financial, Marketing, Export etc)
- External constraints (Logistics, Environment, Laws, Regulations )
The idea/brief, is it feasible? Introduction to the project:
The initial idea is to create a program -
In this unit/assignment, I will be initialising the project
by research a complex problem, using a variety of my
that will act as a scoring system for the
company esports. The plan that is in setskills in order to create a desirable solution. I Will also
is to produce an application that will produce a feasibility study to select the appropriate
have a set of minimum requirements in solution and outline the requirements needed for the
project. I will be executing and undertaking the project
order for it to function accordingly. The
idea is to allow participants to enter athat is provided via my college studies, and I will carry
tournament as an individual and a part out different tasks and plans using a variety of project
of a team. The events must be different methodologies. I will explain and analyse the useful
in type and there must be 6 teams with techniques by investigating the benefits/drawbacks of
5 members each. using the methodology which I have picked. The
methodology which I picked for this project is Agile. The
reason why I picked Agile is because I strongly believe,
Resources for development
this is the most suitable methodology I can implement
- We currently have the necessary in this project, considering all the risk and other
resources in order to execute the mitigating factors. Agile will allow me to solve complex
project management and finish problems and frequently change the route of the
the product. The resources project. Because I will be managing more than 1 person,
needed are the following: I will need a flexible methodology to do so.
Fluid UI – This will be used as a software to design the application look and most designs. Apache
NetBeans – This will be used to develop the code for the program and to test whether the
program works. Word – We will use word to record most of the documentation for the project
and to record team meetings/progress. Microsoft project – Will be used to create a Gantt chart,
and a time scale for the project.
What are the risks/constraints?
Within every project, there are risks that might occur, whether it is close to development, before or
near the finish line. Some of the risks that I can analyse for this project would be the participants
producing work on time, so deadlines can be met. Another risk that might affect the overall
production would be time management and resource access. Due to COVID-19 some users might
have to work from home, therefore it causes a greater risk as they might not have access to the
same resources as they would from the college work desks.
Why would I use a feasibility study in this project? The reason why I will be including the feasibility
study is to create a detailed analysis that talks about all of the project’s relevant factors that would
include economic data, technical, legal, and scheduling decisions. Using these aspects in my
feasibility study will ensure that me and the developers successfully complete the project.
Benefits of feasibility study and project Key factors of a feasibility study.
managers: - It assesses the practicality of a proposed plan or
- It can help project managers determine project. In this case it will assess the plan that has
the advantages and disadvantages for been produced by the developers and their
whether to accept the project before applications.
investigating time and effort into it. - A feasibility study is used to determine many factors
- Feasibility study can provide managers such as risks, cost, technical and legal, this will
with critical information that can decide whether the project can succeed completion.
prevent them from entering into a risky - Whether the project is feasible or not can depend
project that has low chances of on the project’s cost and return on the investment,
success. in this case we will be providing a feasibility study
for this project as costs are not defined.
Ways of conducting the feasibility study:
- Proceed with a preliminary analysis that involves getting feedback from the appropriate
associates.
- Analyse and ask questions about the data obtained.
- Write an organizational, operational, or business plan, identifying the amount of work need,
costs and duration.
- Identify and obstacles or potential vulnerabilities.
Types of feasibility study:
Technical
Economic
This focuses on the technical resources available for
This type of feasibility study involves some sort the organisation. It helps organisations determine
of cost / benefit of the project. It will help whether the technical resources are enough to meet
organisations terminate whether the project the capacity and whether the team is capable of
will be successful, it helps them determine the converting the ideas into a working application.
cost and other benefits linked to the project Technical also involves the evaluation of the
before any financial resources are allocated. hardware, software, and other components.
Operational Legal
This assessment involves undertaking a study in This type of assessment investigates whether any
order to analyse and determine whether, how aspect of the proposed project conflicts with legal
well, the needs of the organizations can be met requirements such as following or breaking laws,
by completing the project. Operational data protection acts or any social media laws. By
feasibility study will also examine how a project using this study, the organisation will save a
plan satisfies the requirements. considerable amount of time and effort by learning
that their project was not feasible right from the
start.
, Scheduling
This assessment involves undertaking a study in order to analyse and determine whether, how well,
the needs of the organizations can be met by completing the project. Operational feasibility study
will also examine how a project plan satisfies the requirements. This is the most IMPORTANT for a
project to succeed. A project will fail if it is not completed on time. In scheduling feasibility analysis,
it helps identify and estimate how much time will be needed for the full completion of a project.
When these areas have been examined, the feasibility study will also help identify the following:
- Internal project constraints (Technical, Technology, Budget, Resources. )
- Internal corporate constraint (Financial, Marketing, Export etc)
- External constraints (Logistics, Environment, Laws, Regulations )
The idea/brief, is it feasible? Introduction to the project:
The initial idea is to create a program -
In this unit/assignment, I will be initialising the project
by research a complex problem, using a variety of my
that will act as a scoring system for the
company esports. The plan that is in setskills in order to create a desirable solution. I Will also
is to produce an application that will produce a feasibility study to select the appropriate
have a set of minimum requirements in solution and outline the requirements needed for the
project. I will be executing and undertaking the project
order for it to function accordingly. The
idea is to allow participants to enter athat is provided via my college studies, and I will carry
tournament as an individual and a part out different tasks and plans using a variety of project
of a team. The events must be different methodologies. I will explain and analyse the useful
in type and there must be 6 teams with techniques by investigating the benefits/drawbacks of
5 members each. using the methodology which I have picked. The
methodology which I picked for this project is Agile. The
reason why I picked Agile is because I strongly believe,
Resources for development
this is the most suitable methodology I can implement
- We currently have the necessary in this project, considering all the risk and other
resources in order to execute the mitigating factors. Agile will allow me to solve complex
project management and finish problems and frequently change the route of the
the product. The resources project. Because I will be managing more than 1 person,
needed are the following: I will need a flexible methodology to do so.
Fluid UI – This will be used as a software to design the application look and most designs. Apache
NetBeans – This will be used to develop the code for the program and to test whether the
program works. Word – We will use word to record most of the documentation for the project
and to record team meetings/progress. Microsoft project – Will be used to create a Gantt chart,
and a time scale for the project.
What are the risks/constraints?
Within every project, there are risks that might occur, whether it is close to development, before or
near the finish line. Some of the risks that I can analyse for this project would be the participants
producing work on time, so deadlines can be met. Another risk that might affect the overall
production would be time management and resource access. Due to COVID-19 some users might
have to work from home, therefore it causes a greater risk as they might not have access to the
same resources as they would from the college work desks.
