Podcast
Questions and Answers
What is processing feasibility primarily evaluated by?
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?
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 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?
What is evaluated to determine data feasibility?
What is considered when evaluating development feasibility?
What is considered when evaluating development feasibility?
What is 'feasible with difficulties' in terms of technical features?
What is 'feasible with difficulties' in terms of technical features?
What is an example of right channelling?
What is an example of right channelling?
What is a major implication of 'infeasible' technical features?
What is a major implication of 'infeasible' technical features?
What is a consequence of 'feasible with difficulties' technical features?
What is a consequence of 'feasible with difficulties' technical features?
What is an implication of 'feasible' technical features?
What is an implication of 'feasible' technical features?
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.
