Feasibility Study of an IoT Based Healthcare Application Project

This project analyzes the feasibility of an IoT-based healthcare application for a SME healthcare center. The project evaluates various aspects, including hardware, software, cloud services (Amazon EC2), and associated costs such as WIFI modules, temperature sensors, and pulse oximeters. The study details the costs of design, development, and training to determine if the project is financially viable. It incorporates cost analysis, including project, hardware, software, and vendor costs, as well as potential revenue and profit margins. The project also provides a comparison of the total cost of the project with the estimated revenue. The conclusion of the project determines if the project is feasible. The project also references several research papers related to IoT and healthcare applications to support its findings.

Running head: PROJECT MANAGEMENT
Review on feasibility of the first project
Name of the student:
Name of the university:

1PROJECT MANAGEMENT
The system designer and developers associated to the project needs to access the
feasibility of the general requirements those are formulated by the project stakeholder and
approved by the project managers. In addition to this, they should also consider the existing
possible solutions. The large scale software development company deals with design and
development of website and mobile applications for different organizations such as healthcare,
finance commercial etc. This specific project deals with design and development of an IOT
based healthcare application for a SME healthcare centre. The feasibility of the project is
measured in the below section:
Information of
the project
IOT project related Purchase
Information
Company
background &
Information
Sydney, Australia and it is set-up in three
further locations in Australia as
Melbourne, Brisbane, and Canberra
Project price 240,000
Town Sydney, Australia Software
cost
$30,000
Numbers of
professionals
180 Hardware
cost
$28,000
Other
information
4. Design and development
information
Modules used for
designing the IOT based

2PROJECT MANAGEMENT
healthcare system
Project
accomplished
till date
1676 WIFI module
Temperature sensor
Pulse Oximeter
Project
development
cost
$850,000 Amazon EC2
Technical
training cost
$6,000
Project
information
Estimated cost
for the project
$850,000
Monthly profit
expected
$80,000
Cost for
vendors and
suppliers
$50,000
Cost assigned
for different
project
$60,000

3PROJECT MANAGEMENT
modules
Project
Results
Value of
project equity
=100,000
Estimated cost for the project
$850000
less
Total R&D
cost = 75,000
Monthly profit expected $80000 less Net design and
development cost
of $116000
Equals $-
36000
The components and modules used to design the system include hardware, software,
cloud vendor (Amazon EC2), WIFI module, Temperature sensor, Pulse Oximeter etc. The costs
for each of these components are individually updated to define whether the project will be
feasible or not. Apart from this, the training and development cost for the project are also
determined and from the integrated resultant it is defined that the project is feasible for the
owners.

4PROJECT MANAGEMENT
References
Moosavi, S. R., Gia, T. N., Rahmani, A. M., Nigussie, E., Virtanen, S., Isoaho, J., & Tenhunen,
H. (2015). SEA: a secure and efficient authentication and authorization architecture for
IoT-based healthcare using smart gateways. Procedia Computer Science, 52, 452-459.
Muhammad, G., Rahman, S. M. M., Alelaiwi, A., & Alamri, A. (2017). Smart health solution
integrating IoT and cloud: a case study of voice pathology monitoring. IEEE
Communications Magazine, 55(1), 69-73.