Provide three sample questions to determine whether a project has economic feasibility.
What will be an ideal response?
Sample questions might include:
• Do the projected benefits of the proposed system outweigh the estimated costs involved in acquiring, installing, and operating it?
• Does the project meet the company policy for acceptable payback period, return on investment, and present value?
• Based on the future cost of ongoing support and maintenance, will the TCO be excessively high?
• Will expensive training be required?
• Will licenses, fees, consulting expenses, and facility costs add substantially to project cost?
• Do other, less expensive alternatives exist, and is the estimated risk of not developing the system or postponing the project unreasonable?
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