Operational Feasibility

Operational Feasibility

.5. Operational Foasibility 

(Operational feasibility is dependent on human resources available for the project and involves prolecting whether the system will be used if it is developed and implemented) Operational feasibility refers to user acceptance and support, management acceptance and support, and the system's compatibility with the requirements of the organisation's 

stakeholders. Operational feasibility is also known as behavioural feasibility. Project Evaluation in Operational 

Feasibility:

 (a) Process :

 Input and analysis from everyone the new re-design will afflect alongwith a data matrix on ideas and suggestions from the original plans. b)

 Evaluation :

 Determinations from the process suggestions; will the re-design benefit everyone? Who is left behind? Who feels threatened? V

(c) Implementation : 

Identify resources both inside and outside that will work on the re-design. How will the re-design construction interfere with current work? d) 

Resistance: 

What areas and individuals will be most resistant? Develop a change resistance plan. Mc)

 Strategies :

(How will the organisation deal with the changed workspace environment? Do new processes or structures need to be reviewed or implemented in order for the re-design to be effective?

 O Adapt and Review :

 How much time does the organisation need to adapt to the new re-design? How will it be reviewed and monitored? What will happen if through a monitoring process, additional changes are made?

 4. Financial Foasibility] 

(Financial feasibility involves the capability of the project organisation to raise the appropriate funds needed to implement the proposed project. The primary objective of any firm is to maximise profits; the financial aspects of a project idea must be studied carefully. Even if the project is marketable and technically feasible, it cannot be implemented if it is not financially viable in the medium to long term. To assess the financial feasibility of a project idea, the project manager must examine the capital costs, operating costs and revenues of the prop osed project. Financial feasibility is largely an effort to assess financial performance, i.e. how well or how poorly a firm performed with money entrusted to it. Financial feasibility is considered a part of firm's accountability. Exactly how financial reporting is done depends in part on the model selected.

addition, many types of financial reports can be generated but a considerable amount of attention is Biven to the quantitative financial statement, which are one type of report, but usually the major report consists of financial statement, sources, budgeted estimates and expenditures. 

5. Economic Feasibility 

It is the most frequently used method for evaluating the effectiveness of a new system. In economic analysis the procedure is to determine the benefits and savings that are expected from a candidate system and compare them with costs.(f benefits outweigh costs, then the decision is made to design and implement the system. An entrepreneur must accurately weigh the cost versus benefits before taking an action. If short term costs are not overshadowed by long-term gains or produce no immediate reduction in operating costs, then the system is not economically feasible, and the project should not proceed any further. If the expected benefits equal or exceed costs, the system can be judged to be economically feasible) The economical feasibility will review the expected costs to see if they are in-line with the projected budget or if the projecthas an acceptable return on investment. At this point, the projected costs will only be a rough estimate. The exact costs are not required to determine economic feasibility. It is only required to determine if it is feasible that the project costs will fall within the target budget or return on investment. A rough estimate of the project schedule is required to determine if it would be feasible to complete the systems project with a required timeframe.