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'Technological Feasibility' is established upon completion of a detailed program design or a working model [in regards to setting standards for software accounting].
This is important in regards to how to treat costs incurred with production of software products... before ['Technological Feasibility'] is established, costs are a 'Research + Development' expense. Once 'Technological Feasibility' established costs are capitalized and amortized to the current and future periods.
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What are the four main criteria used to test the feasibility of a project?
The four main criteria used to test the feasibility of a project are technical feasibility, economic feasibility, legal feasibility, and operational feasibility. Technical feasibility assesses whether the project's technology and resources can achieve the desired outcomes. Economic feasibility evaluates the cost-effectiveness and financial viability of the project. Legal feasibility examines compliance with laws and regulations, while operational feasibility considers whether the organization can effectively implement and sustain the project within its existing operational framework.
Explain the4 types of feasibility study in system analysis?
In system analysis, the four types of feasibility studies are technical, economic, legal, and operational feasibility. Technical feasibility assesses whether the proposed system can be developed with the current technology and resources. Economic feasibility evaluates the cost-effectiveness and financial viability of the project. Legal feasibility examines compliance with laws and regulations, while operational feasibility looks at the readiness and capability of the organization to implement and support the system.
What is technical study of feasibility?
Technical feasibility involves hardware and software together. You have to identify that if you want to give Ipad 2 for every student in the whole school, you have to ask questions like are they reliable?, can they connect to the Internet?
How do you make a feasibility study and give me examples?
To conduct a feasibility study, start by defining the project scope and objectives, then analyze market demand, technical requirements, financial viability, and potential risks. Gather data through surveys, industry analysis, and cost estimates to assess whether the project is practical and profitable. For example, if considering opening a new restaurant, evaluate local competition, customer demographics, startup costs, and projected revenue. Another example could be assessing the feasibility of a new app by analyzing target users, technical development needs, and potential monetization strategies.
How can you get evaluation of an energy system idea in terms of engineering feasibility and economic feasibility?
You need a fairly complex system to be evaluated on an energy system in terms of economic feasibility and engineering feasibility.
What are the 5 aspects of feasibility study?
technical feasibility financial feasibility delivery wise feasibility these three i know
Areas of Feasibility in knowledge management system?
economic feasibility, technical feasibilty, behavioral feasibility
Downloadable document on feasibility study on insurance company?
you have to study thefollowing 1- economic feasibility 2- technical feasibility 3-financial feasibility 4-marketingb feasibility
Project feasibility format?
you can do feasibility analysis by evaluating the following parameter; market,financial,technical and legal.
What is technical aspect in feasibility study?
The technical aspect of a feasibility study includes examining the process or making a model to see if it is doable. A model can be created using a simulation.
What are the four main criteria used to test the feasibility of a project?
The four main criteria used to test the feasibility of a project are technical feasibility, economic feasibility, legal feasibility, and operational feasibility. Technical feasibility assesses whether the project's technology and resources can achieve the desired outcomes. Economic feasibility evaluates the cost-effectiveness and financial viability of the project. Legal feasibility examines compliance with laws and regulations, while operational feasibility considers whether the organization can effectively implement and sustain the project within its existing operational framework.
What is technical feasibility?
TECHNICAL FEASIBILITYA large part of determining resources has to do with assessing technical feasibility. It considers the technical requirements of the proposed project. The technical requirements are then compared to the technical capability of the organization. The systems project is considered technically feasible if the internal technical capability is sufficient to support the project requirements.The analyst must find out whether current technical resources can be upgraded or added to in a manner that fulfills the request under consideration. This is where the expertise of system analysts is beneficial, since using their own experience and their contact with vendors they will be able to answer the question of technical feasibility.
Explain the4 types of feasibility study in system analysis?
In system analysis, the four types of feasibility studies are technical, economic, legal, and operational feasibility. Technical feasibility assesses whether the proposed system can be developed with the current technology and resources. Economic feasibility evaluates the cost-effectiveness and financial viability of the project. Legal feasibility examines compliance with laws and regulations, while operational feasibility looks at the readiness and capability of the organization to implement and support the system.
What considerations are involved in feasibility study in system analysis and design which consideration do you think most crucial and why?
There are three considerations in feasibility analysis :- 1). Economic Feasibility 2). Technical Feasibility 3). Behavioral Feasibility And I think that behavioral feasibility is most important because the introduction of new candidate system requires a special effort to educate, sell, and train the staff on new ways of conducting business.
What is technical study of feasibility?
Technical feasibility involves hardware and software together. You have to identify that if you want to give Ipad 2 for every student in the whole school, you have to ask questions like are they reliable?, can they connect to the Internet?
What are the content of the feasibility study?
The feasibility study contents are: market analysis and the scope of the project; social and environment feasibility; technical feasibility; risk studies; preliminary cost assessment; the financial analysis; economic feasibility and project implementation outline. These help in the process of decision making of the proposed project.
Is there any feasibility study on Microsoft access?
yes. operational,economical,and technical study
