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What is the Economical feasibility?

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March 11, 2008 7:53PM

Economic Feasibility means ,the project benefit of the proposed system outweigh .The estimated cost usually considered the whole cost of ownership(TOC) WHICH MUST INCLUDES : 1 - Ongoing support 2 - Maintenance cost 3-Acquisition cost to determine TCO , the analyst must estimated cost in each following areas: People, include IT staff and user Hardware and equipment Sofware, house development, purchase from vendors Formal and informal training Licenses and feeds Consulting expenses Facility costs Tangible benefits and intangible benefits