What are the factors involved in establishing an IT project feasibility?

Posted onCategoriesSystems & Networks Admin

Company operational system often needs to create or adjust strategic plans because of the great impact of IT on business model and operations. Management leadership and information technology are closely linked together, and remarkable changes have occurred in both areas. Today, systems development is more team oriented. As we might see, new industries, products, and services are emerging from amazing advances in information technology system, business partners who expect world-class IT support, a surge in E-commerce, and a global business environment that is dynamic and incredibly challenging. The reasons for an Information Technology project are usually:

  • To improve service
  • To gain stronger control
  • To experience better performance
  • To reduce operational cost
  • To obtain more information

Before an IT project is established, the systems request must pass several tests, called a feasibility study, to see whether it is worthwhile to proceed further. These feasibilities are known as operational feasibility, technical feasibility, economic feasibility and schedule feasibility.