Feasibility Study

Then, introducing the concepts of strategic planning to your organization and developing an understanding of what strategic planning means in practice versus in theory. Followed by implications of the process and assigning tasks in regards to the plan. Ideally, reaching the actual agreement with the outline generated with steps in the strategic plan. However, one should recognize that in practice things could change over the course of the cycle in which you hope to achieve the goals your organization initially planned to

What do we want to accomplish? If a project is called for, the project definition stage identifies general objectives, specifies the scope of the project and develops a project plan that can be shown to management. Stage 2 - Systems Study This stage analyzes the problems of the existing system (manual or automated) in detail, identifies objectives to be attained by a solution to these problems, and describes alternative solutions. The systems study phase examines the feasibility of each solution alternative for review by management. The following questions are answered: What do the existing systems do?

(Rosenblatt, 2014). It is important to note that the request may be a large, significant request, or it can be a smaller, more minor request; however, each request should be addressed using the systems development life cycle. After the request has been made, a feasibility study is conducted that determines the costs and benefits of the new or improved system. The study then recommends a strategy that is best for the system in terms of technical, monetary, and time factors. After the systems planning is complete, the next course of action is the systems analysis phase.

Now that the strategic plan is implemented, I can introduce and adapt the concept of results-driven. Here, performance is the main idea and it needs to be measure to make sure that those strategic plans are working, that those resources are being used correctly. Money is expended but how do we know if those resources are well implemented. B. The book explains three main concepts: 1.

3. What resources are required to make that happen? Answering the first question requires serious thought about what your ultimate goals are for the business. What are you trying to make happen? What are you attempting to facilitate or enable?

Variable Analysis Introduction The variance analysis for the Brightlite line of products will be used to promote management action at the earliest possible stages. This analysis will process the examining in detail each variance between actual and standard costs. The results will determine the reasons why budgeted results were not met. The types or variances computed depend on the responsibility centers and the level of management for which the review is performed. Since the objective is to determine the degree of corrective action needed, the variances computed must relate to key performance indicators considered critical to the success of the responsibility center.

The phase and steps in making this determination is called feasibility Study. This type of study if a project can and should be taken. In the conduct of the system information, the analyst always inter relate the different type of the feasibility study to conclude the system analysis. 4.2.1 Technical Feasibility Software that will successful satisfy the user requirement the technical needs of the system may vary considerably but might include  In a given time it will produce exact output.  Produce well response time.

6). The questions that are asked are where is the organization, where does it want to go and how will it get there. A realistic baseline or starting point needs to be established. The plan needs to contain a picture of internal and external practicalities that will influence the plan. Then, there needs to be a vigorous action plan constructed to take benefit of opportunities revealed throughout the research.

Know yourself: Knowing yourself is the first step and the most important part in career planning. It starts by asking yourself where I am now, where I want to be and how I will reach there. After you have a clear idea about the previous questions you may move to evaluate your skills, interests and motivations. Moreover, in the skill aspect you should present your strengths and weakness to see if it matches with your choice in the future or you can develop your weakness. After that, you should see your interest, for example, your hobbies or something you want to try.

This forms the basis of the project. It serves as a means to justify the project and why it needs to be done in first place. It also includes identifying the beneficiaries and doing a complete stake holder analysis to help clear what objectives will the project achieve as it will progress. It further includes means end analysis. These activities combined lead to the formulation of a project proposal in the end.