This assignment requires students to create a Preliminary Investigation Report (PIR) as the first step in analyzing a business situation and proposing an IT solution. The PIR documents the system planning phase of the SDLC, identifying problems, investigating the current situation, and analyzing feasibility. The report should include an introduction, problem statement, findings (scope, constraints, fact-finding, current costs), feasibility analysis (technical, financial, organizational), recommendations for further action (time and cost estimates), and expected benefits (tangible and intangible). The case study focuses on Precision Electronics Parts, Inc., which needs to replace its customer billing and payment system. Students must use information from the case study to complete the PIR, addressing the business problems and proposing a solution.