(A)- Organisation Should have a means of classifying, ranking, and Essay

(A)- Organisation Should have a means of classifying, ranking, and selecting information systems development projects. Discuss - Essay Example Furthermore, potential benefits refers to the extent to the project is seen as improving profits, customer service and the duration of these benefits. Resource availability involves the amount and types of resources that the project needs based on their availability. Moreover, project size or duration may include the number of individuals and time required to ensure that the project is complete. Lastly, technical difficulty or risk involves the level of technical difficulty to complete and compile the project successfully as expected (‘Planning’ 2013, p.104). All these techniques when considered, the classification and ranking of the project will be successful. But â€Å"one should balance all these factors between short term, high benefits versus high savings costs† (Dubey 2011, p.52). Feasibility analysis simply refers to the viability of an idea (Katimuneetorn 2008, p.2). This study helps in previewing the potential outcomes to enable us continue or not (Katimu neetorn 2008, p.3) and some of the factors that are used to evaluate the feasibility of the proposed project are economic, technical, operational, schedule, legal and contractual, and political factors. Economic feasibility involves the economic viability of the proposed system and it involves cost-benefit analysis (Katimuneetorn 2008, p.1). All costs including fixed and variable costs and benefits such as cost savings, increased revenue or increased profit of the proposed project should be evaluated keenly (Katimuneetorn 2008, p.7). Intangible costs include hardware, software or labour costs, but intangible cots include operational inefficiency and loss of goodwill (Katimuneetorn 2008, p.7). Most projects are approved only if they cover their costs within a given period. On the contrary, some projects can be approved based on intangible benefits like those associated with the government regulations or image of the organization. In addition, technical feasibility is determined by th e possibility that the organization has in obtaining necessary resources. â€Å"Assessing technical feasibility is to evaluate whether the new system will perform adequately or whether the organization is able to construct a proposed system or not† (Katimuneetorn 2008, p.12). Technical feasibility is manifested when required hardware and software are available in the market place or can be developed within the required time. More so, operational feasibility refers to the ability, desire and willingness of the stakeholders to use, support, and operate the proposed information system and it is important to clarify whether the proposed system will solve the business problems, take advantage of the opportunities or not (Katimuneetorn 2008, p.13). Actually, these people are interested in those information systems, which are very easy to operate, accurate, produce the desired information, and fit with the organizational objectives. Furthermore, schedule feasibility involves assessi ng the duration of the project, that is, time covered for it to be completed and be useful (Katimuneetorn 2008, p.14). System analysts have to consider how long the system will take to develop and consider whether the deadlines are mandatory or compulsory (Katimuneetorn 2008, p.14). Legal feasibility shows whether the proposed system conflicts with the legal requirements or not since a project may face