M3S1 Feasibility Study Flashcards

1
Q

phase that results in the completion of various activities:

  1. An initial investigation.
  2. Recognition of need.
  3. Determination of user requirements.
  4. Verification of objectives, constraints, required outputs & required inputs
A

Project selection

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2
Q

Identification, description & evaluation of the candidate system, and finally selection of the best system for the job.

A

Feasibility Study

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3
Q

Carried out to select the best system that meets performance requirements.

A

Feasibility Study

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4
Q

Recommends the most effective system to the management.

A

Feasibility Study

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5
Q

Ensures that the business will benefit: operational, technical and financial benefits

A

Feasibility Study

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6
Q

Describes the expected performance of a candidate system

A

System Performance Definition

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7
Q

Contains a detailed description of the system’s output in a user-acceptable format

A

System Performance Definition

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8
Q

Three Steps of System Performance Definition

A
  1. Statement of constraints.
  2. Identification of specific system objectives.
  3. Description of outputs.
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8
Q

States the system’s benefits and then translates them into measurable objectives

A

Identification of Specific System Objectives

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8
Q

A description of the factors that limit the solution of the problem that has a bearing on the required performance of a candidate system.

A

Statement of Constraints

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8
Q

Different Constraints

A

Time Constraints
Budget Constraints
User Constraints
Compliance/Regulatory Constraints
Technical Constraints

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9
Q

factors that limit the solution of the problem

A

Constraints

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10
Q

Where specific goals meet specific benefits

A

Identification of Specific System Objectives

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11
Q

The result of the fact-finding phase of the initial investigation is revealed in the _________.

A

Statement of Constraints

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12
Q

Once the constraints are spelled out, the analyst proceeds to the ______________________

A

Identification of Specific System Objectives

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12
Q

Objectives has to be SMART and quantifiable, with numbers and percentages

A

Identification of Specific System Objectives

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13
Q

Derived from the general objectives specified in the project directive at the end of the initial investigation.

A

Identification of Specific System Objectives

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14
Q

A final step in system performance definition is _________________________

A

describing the output required by the user.

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15
Q

Describing the output required by the user.

A

Description of Outputs

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16
Q

Where you produce tangibles and deliverables

A

Description of Outputs

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17
Q

Tangibles and Deliverables to Evaluate the Feasibility of Candidate Systems

A

Performance Metrics Report
Error Reduction Report
User Feedback Survey Results
System Load Test Results
Compliance Certification

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18
Q

A detailed report showing the improvement in registration times, system uptime, and peak load handling capabilities.

A

Performance Metrics Report

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19
Q

Surveys to measure user satisfaction rate with the new system interface and overall experience.

A

User Feedback Survey Results

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20
Q

Documentation and analysis showing the reduction in data entry errors before and after the system enhancements.

A

Error Reduction Report

21
Q

Evidence and documentation proving the system’s compliance with relevant data privacy regulations.

A

Compliance Certification

22
Q

Reports from simulated peak load tests demonstrating the system’s ability to handle increased traffic without performance issues.

A

System Load Test Results

23
Q

Three Feasibility Considerations

A

Economic Analysis/ Economic Feasibility
Technical Feasibility
Behavioral Feasibility

24
Q

The most frequently used method for evaluating the effectiveness of a candidate system.

A

Economic Analysis/ Economic Feasibility

25
Q

Commonly known as cost/benefit analysis.

A

Economic Analysis/ Economic Feasibility

26
Q

To what extent existing computer system can support the proposed addition.

A

Technical Feasibility

27
Q

All about the existing computer system (hardware, software, etc.)

A

Technical Feasibility

28
Q

People tend to resist change, while computers can facilitate it.

A

Behavioral Feasibility

28
Q

How people will react to change, particularly when introducing a computerized system.

A

Behavioral Feasibility

29
Q

8 Steps in Feasibility Analysis

A
  1. Form a project team and appoint a project leader.
  2. Prepare system flowcharts.
  3. Enumerate potential candidate systems.
  4. Describe and identify characteristics of candidate systems.
  5. Determine and evaluate the performance and cost-effectiveness of each candidate system.
  6. Weight system performance and cost data.
  7. Select the best candidate system.
  8. Prepare and report the final project directive to management
30
Q

The concept behind a project team is that future system users should be involved in its design and implementation;

A

Form a project team and appoint a project leader.

31
Q

More complex studies require a _____________

A

project team

31
Q

For small projects, the________ and an_________ usually suffice

A

analyst and assistant

31
Q

Their knowledge and experience in the operations area are essential to the success of the system.

A

Form a project team and appoint a project leader.

32
Q

Professionals with enough collective expertise to devise a solution to the problem

A

analysts and user staff

33
Q

project team consist of

A

analysts
user staff
outside consultant
information specialist

34
Q

prepare generalized system flowcharts for the system.

A

Prepare system flowcharts

35
Q

Information–oriented charts and data flow diagrams prepared in the initial investigation are also reviewed at this time.

A

Prepare system flowcharts

36
Q

identifies the candidate systems that are capable of producing the outputs included in the generalized flowcharts.

A

Enumerate potential Candidate System

37
Q

This requires a transformation from logical to physical system models;

A

Enumerate potential Candidate System

38
Q

Another aspect of this step is consideration of the hardware that can handle the total system requirements;

A

Enumerate potential Candidate System

39
Q

An important aspect of hardware is __________ and ____________.

A

processing and main memory.

40
Q

The project team may contact vendors for information on the processing capabilities of the system available;

A

Enumerate potential Candidate System

41
Q

Technical knowledge and expertise in the hardware/software area are critical for determining what each candidate system can and cannot do.

A

Describe and Identify Characteristics of Candidate System

42
Q

In some cases, the performance and cost data for each candidate system will show which system is the best choice. This outcome terminates the feasibility study;

A

Weight System Performance and Cost Data

43
Q

Seven Steps in Feasibility Analysis

A

Cover Letter
Table of Contents
Overview
Detailed Findings
Economic Justification
Recommendations and Conclusions
Appendixes

43
Q

The system with the highest total score is judged the best system.

A

Select the Best Candidate System

44
Q

The culmination of the feasibility study directed to management;

A

Feasibility Report

45
Q

Introduces the report and summarizes findings and recommendations.

A

Cover Letter

46
Q

Lists locations of report sections.

A

Table of Contents

47
Q

Explains the project’s purpose, scope, and involved departments.

A

Overview

48
Q

Describes current methods, system efficiency, and costs.

A

Detailed Findings

49
Q

Compares costs and estimates ROI.

A

Economic Justification

50
Q

Suggests the best system and includes conclusions.

A

Recommendations and Conclusions:

51
Q

Contains all investigation memos and data for reference.

A

Appendixes