Monday, January 3, 2011

Feasibility Report Sent

Well I knew it was feasible. I had mentioned in my project proposal as well what was feasible. But I had to break it down into certain parts:
    • Economic Feasibility - Is it financially feasible (Man, Material, Money)
    • Technical Feasibility - How technically challenging is it (Use of HW and SW)
    • Legal Feasibility - Are their legal issues? (Licencing, Agreement with client)
    • Organizational Feasibility - Do you have the team to do it?
    • Alternative System - Do you have a plan B?
    • Cost Benefit Analysis - Benefits you can see (tangible) and cant (intangible); is it worth the investment?
    • Risk Analysis & Mitigation (What can go wrong and what is a possible solution)
      • Organizational risk
      • Product risk
      • Project risk 
      • Technology risk  
All in all its a good refresher!

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