Information System Design And Implementation (BCA) 3rd Sem Previous Year Solved Question Paper 2022

Feasibility Analysis is a crucial process conducted at the early stages of a project to determine whether it is viable and worth pursuing. It assesses various aspects to make an informed decision about the project's potential success. The primary types of feasibility analysis are technical feasibility and economic feasibility.

Steps in Feasibility Analysis:

1. Project Definition: Clearly define the project, its objectives, scope, and expected outcomes. Understand the problem the project aims to solve or the opportunity it intends to capture.

2. Market Research: Analyze the market and industry to determine if there is a demand for the project's results or if there are opportunities for growth. This step is particularly relevant for economic feasibility.

3. Technical Feasibility: Assess whether the project is technically possible. Determine if the required technology, skills, and resources are available or can be acquired. Identify potential technical challenges and risks.

4. Economic Feasibility: Evaluate the project's financial viability. Consider costs, benefits, and revenue projections. Assess whether the project is financially sustainable and provides an acceptable return on investment (ROI).

5. Operational Feasibility: Determine if the project can be effectively integrated into the organization's existing operations. Assess the impact on day-to-day activities and whether it aligns with the organization's capabilities.

6. Legal and Regulatory Compliance: Examine whether the project complies with applicable laws, regulations, and industry standards. Identify potential legal constraints or risks.

7. Resource Assessment: Assess the availability of necessary resources, including human resources, equipment, materials, and facilities. Ensure that the project can be adequately resourced.

8. Risk Analysis: Identify potential risks and uncertainties associated with the project, including technical, financial, operational, and market-related risks. Develop risk mitigation strategies.

9. Timeline and Milestones: Create a project timeline and identify key milestones. Assess whether the project can be completed within the desired timeframe.

10. Recommendation: Based on the findings from the feasibility analysis, make a recommendation to proceed, revise the project, or abandon it. The recommendation should be supported by the analysis results.

Now, let's delve into the two primary types of feasibility analysis:

Technical Feasibility:

• Objective: To determine whether the project is technically feasible, considering available technology and expertise.

• Key Aspects:

  • Assessing the availability of required technology and infrastructure.

  • Evaluating whether the project's technical requirements can be met within constraints.

  • Identifying potential technical challenges and risks.

• Outcome: A determination of whether the project can be realized from a technical perspective.

Economic Feasibility:

• Objective: To assess whether the project is financially viable and provides an acceptable return on investment.

• Key Aspects:

  • Estimating costs, including development, operational, and maintenance expenses.

  • Identifying revenue sources, market potential, and pricing strategies.

  • Calculating financial metrics, such as ROI, payback period, and net present value.

• Outcome: A decision on whether the project is economically feasible, given the financial analysis results.