Running head: INFORMATION SYSTEM AND ANALYSIS INFORMATION SYSTEM AND ANALYSIS Name of the Student: Name of the University: Author note:
1INFORMATION SYSTEM AND ANALYSIS Table of Contents Task 1...............................................................................................................................................3 Feasibility Study..........................................................................................................................3 Set of Criteria...............................................................................................................................4 SDLC...........................................................................................................................................5 Task 2...............................................................................................................................................7 Executive Summary.....................................................................................................................7 Discussion....................................................................................................................................8 References......................................................................................................................................16
2INFORMATION SYSTEM AND ANALYSIS Task 1 Feasibility Study A feasibility study can be said as the analysis of successful nature of a project.It generally affects certain factors like economic, technology, legal and scheduling. A project reportis generallyused todeterminepositiveand negativeoutputof a projectbefore giving a good of amount of time and money to it. A feasibility study checks the energy of an idea, or a project. Theultimate goalbehindstudyingfeasibilityistojudgeonthe potentialproblemsthatcanoccurina project. Ithelpsincheckingall thesignificant factorsthatshouldbecheckedbeforepursuingaproject. Feasibilitystudyallow companiestocheckallthenecessaryinformationbeforeestablishing anewbusiness (Balaji & Murugaiyan, 2012). Thecomponents offeasibilitystudyareDescription, marketfeasibility,technical feasibility, financial feasibility, organizational feasibility. Description: This mainly checks a brief layout of the business, the various product and service that can be offered and how they will be delivered to the consumer. Market feasibility: It mainly describe the current and market potential, competition, sales estimation and prospective buyers of a industry. Financial feasibility:It mainly checks the amount of money neededfor start up business.Italsochecksthevariouscapitals that canbeusedfortheestablishmentof business and type of return expected from it. Organizational feasibility: It can be define as the corporate and legal structure of businessandthismaycontaininformationaboutitsfounderandtheirbackgroundof
3INFORMATION SYSTEM AND ANALYSIS their profession. It also seeks the skills needed forproper functioning of the firm (Duan et al ., 2012). Set of Criteria The six basic parts of feasibility study are project scope, current analysis, Requirements, approach, evaluation and review. Project scope: This particular part is mainly used for business problem and various opportunitiesthat must be addressed.The project should be concise and according to point. It is also important for defining various parts of business directly and indirectly containing project members and users. Currentanalysismainlyhelps in implementationofcurrenttechniqueof working ofa system,product. Bythehelpofthisparticularanalysis onecangetaproperidea about current system or product. It also helps in getting clearview about pros and cons of a system. With the help on this analysis, certain elements of product and current system can be discovered which can save both money and time (Bekele & Tadesse, 2012). Requirement: This totally depends on working model of a project; it varies from product to product. Requirement analysis ofabridge willobliviouslydifferfromthatofa information system. Approach: Itrepresentsrecommendationforvarioussolutionandactionsfor satisfying the requirements. Use of various structure and commercial alternatives are needed to be taken in account. Evaluation: This particularly helps in analysis of a selected approach.In this step, the total cost of the projects is analyzed. Ithelps in estimation of labour cost and other expenses forproject scheduling which informs the project path and it start and end dates.
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