What are four types of feasibility? Which type focuses on total cost of ownership? Which type is influenced primarily by users?
What will be an ideal response?
A systems project must be feasible from an operational, technical, economic, and schedule standpoint. Operational feasibility means that a proposed system will be used effectively after it has been developed. If users have difficulty with a new system, it will not produce the expected benefits. Technical feasibility refers to the technical resources needed to develop, purchase, install, or operate the system. Economic feasibility means that the projected benefits of the proposed system outweigh the estimated costs and usually consider the total cost of ownership (TCO), which includes ongoing support and maintenance costs, as well as acquisition costs. Economic feasibility focuses on total cost of ownership. Operational feasibility is influenced primarily by users, and how the proposed system will support them.
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