Thursday, 16 August 2012

Feasibility study of Mobile bank project


               Feasibility study is the high level capsule version of the entire requirement analysis process. The objective of feasibility study is to determine whether the proposed system can be developed with available resources.
There are three steps to be followed in determining the feasibility of the proposed system.
1.    Technical Feasibility
2.     Operational Feasibility
3.     Economic Feasibility

Technical Feasibility:
                  The proposed system needs the data in an efficient manner i.e., it needs protection of data and authorized access to data. This is done when we use the software which supports console oriented methodology and database methodology.
                        Therefore technical feasibility determines whether the organization has the technology and skills necessary to carry out the project and how this is obtained. The system is technically feasible on the following grounds:
·        All necessary technology is available those are required to develop the system.
·        The existing resource is capable and can hold all the necessary data in an efficient way.
·        The system is too flexible and can be expanded further.
·        The system can give guarantees of accuracy, ease of use, reliability and data security
The system can give instant responses.

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