Explain how a company can systematically determine what project requests get approved and which ones do not. How can they prioritize the projects that are approved?
What will be an ideal response?
The best way for a company to determine which projects should be pursued and what the priorities are is to conduct a feasibility study of each request. Feasibility studies use four main yardsticks to measure a proposal: operational feasibility, technical feasibility, economic feasibility, and schedule feasibility. To obtain more information about a systems request, an initial fact-finding study is conducted by looking at organization charts, performing interviews, reviewing current documentation, observing operations, and surveying users. If the systems request is approved, more intensive fact-finding will continue during the systems analysis phase.
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