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Financial Feasibility

  • Most organisations’ aims are to make profit
  • Any new system must either: Make money or Save money
  • From a financial point of view, various things need considering; A cost-benefit analysis is carried out

Benefits to be considered: increased productivity per hour; savings in running costs; savings in staff costs; cheaper annual licence costs; sales of existing accommodation and/or equipment

  • Costs to be considered: Software development or purchase; Hardware purchase; Changes to accommodation; Installation of cabling and other equipment; Hiring of new staff; Training of staff (including time not doing their normal job); Depends on type of new software and current expertise; Cost of changeover period

 Personnel Feasibility

  • This is intangible; It is not possible to measure it financially; Things to consider


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