Operational Feasibility in Project Management
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Questions and Answers

What is processing feasibility primarily evaluated by?

  • The ability of the organization to develop the proposed system
  • The availability of data and information
  • Examples of technical features in other similar application areas (correct)
  • The cost of developing the proposed system

    • What is right channelling summarized as?

  • Reaching the right customer with the right message at the wrong time
  • Reaching the right customer using the right channel with the right message or offering at the right time (correct)
  • Reaching the wrong customer using the wrong channel with the wrong message
  • Using the right channel with the wrong message or offering

    • When is a technical feature considered 'infeasible'?

  • When examples of one or more of its technical features cannot be found in any other systems (correct)
  • When one or more of its technical features are already developed in-house
  • When one or more of its technical features are found in very low-priced systems
  • When one or more of its technical features are found in very high-priced systems

    • What is evaluated to determine data feasibility?

    <p>The availability of data and information that may be required as inputs</p> Signup and view all the answers

    What is considered when evaluating development feasibility?

    <p>The ability of the organization to successfully develop the proposed system</p> Signup and view all the answers

    What is 'feasible with difficulties' in terms of technical features?

    <p>When one or more proposed technical features are found only in very high-priced systems</p> Signup and view all the answers

    What is an example of right channelling?

    <p>Serving B2B customers through e-channels and larger clients through other channels</p> Signup and view all the answers

    What is a major implication of 'infeasible' technical features?

    <p>The proposed system cannot be developed</p> Signup and view all the answers

    What is a consequence of 'feasible with difficulties' technical features?

    <p>The proposed system may be developed with some difficulties</p> Signup and view all the answers

    What is an implication of 'feasible' technical features?

    <p>The proposed system can be developed</p> Signup and view all the answers

    Study Notes

    Operational Feasibility

    • Refers to whether a proposed system meets the needs of its users and stakeholders, and whether they can use the application or its products.
    • System will be 'infeasible' if one or more groups of stakeholders cannot make use of the system.
    • System will be 'feasible with difficulties' if it is inconvenient to use or does less than expected for one or more group of stakeholders.
    • System will be 'readily feasible' if it is a replacement system that improves upon an existing system.

    Evaluating Feasibility

    • Feasibility studies identify situations that, if uncorrected, will lead to failures.
    • Evaluation of feasibility involves cost and benefit analyses, including payback period, NPV, and sensitivity analysis, as well as attribute analysis that includes intangibles.

    Technical Feasibility

    • Refers to whether an EC application can be constructed in a suitable manner.
    • Technical feasibility can be evaluated by examining processing, data, and development feasibility.
    • Processing feasibility can be determined by considering what is being done in an application area, and what is done in similar application areas.
    • Data feasibility can be determined by evaluating the availability of required data and information.

    Economic Feasibility

    • Refers to whether an organization should expend resources to develop a system.
    • Economic feasibility is determined by considering the combined operational, technical, and economic feasibilities.

    Overall Feasibility

    • Is determined by considering the combined operational, technical, and economic feasibilities.
    • Overall feasibility can range from 'infeasible' to 'readily feasible'.

    Right Channelling

    • Refers to reaching the right customer, using the right channel, with the right message or offering, at the right time.
    • Examples include serving SMEs through e-channels and larger clients through other channels.

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    Description

    This quiz covers operational feasibility in project management, including the consideration of difficulties that need to be overcome to achieve expected benefits. Test your knowledge on operational feasibility and its importance in project management.

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