chapter 12 Flashcards
What is the purpose of a feasibility study?
To assess the likelihood of solution alternatives satisfying business needs in terms of economic, operational, and technical feasibility.
When are feasibility studies conducted?
They can be conducted before, during, or after the creation of a business case but are typically part of the overall analysis process.
What is the outcome of a feasibility study?
A recommended solution option further defined in a business case.
What are the main steps in a feasibility study process?
Determine requirements.
Define objectives, scope, and approach.
Conduct a current state assessment.
Identify potential solutions.
Analyze the feasibility of each option.
Document and communicate the results.
Why is collaboration important in feasibility studies?
Because Business Analysts may not possess all required skills, they must collaborate with experts for specific tasks.
What role does the Business Analyst play in feasibility studies?
They coordinate the effort, enlist experts, and facilitate techniques like brainstorming and prototyping.
A hierarchical decomposition of a solution to view its full scope.
Work Breakdown Structure (WBS)
Name the three types of feasibility analyzed in a feasibility study.
Economic feasibility.
Operational feasibility.
Technical feasibility.
To identify conditions that initiate undesired activities or states.
Root Cause Analysis
Diagrams that depict the flow of steps needed to complete a business function.
Process Flow Diagrams
A method to radically redesign processes for dramatic improvements.
Business Process Reengineering
Methods using statistical analysis to measure and improve process efficiency.
Six Sigma techniques
What is Prototyping used for in feasibility studies?
To build the highest-risk component of a solution to prove technical feasibility.
Name three techniques used in current state assessment.
Organizational Charts.
Data Flow Diagrams.
Technology Architecture Diagrams.
A diagram that summarizes brainstorming results, identifying causes of undesirable outcomes.
Cause-and-Effect Diagram
What are Market Surveys used for in feasibility studies?
To gauge market acceptance and forecast demand for solutions.
What is the purpose of Geographical Maps in feasibility studies?
To depict the physical locations of business entities.
What is the main deliverable of a feasibility study?
A Feasibility Study Report summarizing analysis results and environmental information.
A visualization technique to understand the scope of the business area under study.
Domain Modeling
To show interfaces between current business technologies.
Technology Architecture Diagrams
To describe the major types of information required by impacted business processes.
Data Flow Diagrams
Comparing different solution alternatives to determine the most viable one.
Trade-off Analysis
What is Brainstorming used for in feasibility studies?
To identify as many potential solutions as possible.
Techniques used to assess current states, such as organizational charts and process flow diagrams.
Business Architecture techniques
The primary deliverable summarizing the study’s results and environmental factors.
Feasibility Study Report
A graphical method for summarizing brainstorming results and identifying causes of problems.
Cause-and-Effect Diagramming
A stage where feasibility studies help determine the best investment path to address business problems.
Enterprise Analysis
A detailed decomposition of a solution to outline its scope.
High-Level Work Breakdown Structure (WBS)
What are the steps in documenting feasibility study results?
Describe solution alternatives.
Summarize feasibility analyses.
Present findings in a Feasibility Study Report.
