What The Main Types Of Feasibility Study?

The process to make changes in the current system in order to achieve new effective system. The feasibility study includes complete initial analysis of all related system. Therefore the study must be conducted in a manner that will reflect the economic as well as technical feasibility of the system proposal.

Types:
There are two main types of feasibility study.
1: Economic Feasibility:
Economic feasibility is the most frequently used method for evaluating the effectiveness of the candidate system that is proposed system, more commonly used as cost/benefit analysis. The procedure is to determine the benefit and savings that are expected from the candidate system and compare them with the coast, if the benefit over weight cost then the decision is made to design and implement the system, other wise further justification in the proposed system will have it be made, if it has chance to improve. Cost estimate for a system we consider several elements.
Hardware, Personnel, Facility, Operation, Supply cost etc.

2: Technical Feasibility:
In the technical feasibility the system analyst look between the requirements of the organization, such as Suggest input device which can enter a large amount of data in the effective time.Output devices which can produce output in a bulk in an effective time.
The choice of processing unit depends upon the type of processing required in the organization.

Types of Feasibilities
(I) Financial / Economic Feasibility
(ii) Technological Feasibility
(iii) Operational Feasibility
(iv) Cultural / Social Feasibility
(v) Schedule Feasibility
(vi) Legal / Contractual Feasibility

Organisational feasibility study
economic feasibility study
technical feasibility study
operational feasibility study
legal feasibility study
schedule/time feasibility study
social feasibility study
management feasibility study

Actually there are three main types of feasibility study, those are as follows
1. Technical - Its first, If a system is hard or takes much resources to create
2. Economical - If it takes much resources then it will take more money
3. Operational - If it takes less human heads to operate then its better

Types of feasibility study?

Feasibility
study as the name suggests looks out for the feasibility of a certain project.
It analyze the cost benefit approach. It takes into account all the costs of
the projects and compares with all the benefits related to it. It analyzes the
strengths and also measure the weaknesses. Therefore you will have a fair idea
about the project after you see the feasibility study.

A feasibility study is an evaluation of a proposal
designed to determine the difficulty in carrying out a designated task.
Generally, a feasibility study precedes technical development and project
implementation. In other words, a feasibility study is an evaluation or
analysis of the potential impact of a proposed project.

It is the study of current system which is to be changed with a new system. The feasibility study includes complete initial analysis of all related system. Therefore the study must be conducted in a manner that will reflect the economic as well as technical feasibility of the system proposal.

Types:

There are two main types of feasibility study.

1: Economic Feasibility:

Economic feasibility is the most frequently used method for evaluating the effectiveness of the candidate system that is proposed system, more commonly used as cost/benefit analysis. The procedure is to determine the benefit and savings that are expected from the candidate system and compare them with the coast, if the benefit over weight cost then the decision is made to design and implement the system, other wise further justification in the proposed system will have it be made, if it has chance to improve. Cost estimate for a system we consider several elements.
Hardware, Personnel, Facility, Operation, Supply cost etc.

2: Technical Feasibility:

In the technical feasibility the system analyst look between the requirements of the organization, such as

Suggest input device which can enter a large amount of data in the effective time.

Output devices which can produce output in a bulk in an effective time.

The choice of processing unit depends upon the type of processing required in the organization.

All types of feasibility study

Examples of economic feasibility?

Economical feasibility
Technical feasibility study
Operationable feasibility study

There may be market study, economic feasiility study or highest and best use studies.

Also there may be different types of them according to the purpose. For example, feasiblity study designed for EB-5, USDA or SBA projects.

There are a lot of companies that are dealing with that.

One of them is Wert-Berater www.wert-berater.com/ On their web-page you can find further information concerning your question.

Explain the various role of a Systems Analyst. What is meant by Feasibility of systems ? What are the various types of Feasibility study?