Feasibility studies are very important to know the practicality of any project. PMS has expertise in conducting feasibility study for any government, donor-funded or business project. We have expertise on conducting:
1. Technical feasibility: Technical assessment is focused on gaining an understanding of the present technical resources of the organization and their applicability to the expected needs of the proposed system. It is an evaluation of the hardware and software and how it meets the need of the proposed system.
2. Environmental feasibility: Considers both human and environmental health factors. The FS is a comparative process that looks at all potential solutions, then evaluates them against specific criteria to ultimately find the best choice.
3. Economic feasibility: The purpose of the economic feasibility assessment is to determine the positive economic benefits to the organization that the proposed system will provide. It includes quantification and identification of all the benefits expected. This assessment typically involves a cost/ benefits analysis.
4. Financial feasibility: In case of a new project, financial viability can be judged on the following parameters:
Total estimated cost of the project Financing of the project in terms of its capital structure, debt to equity ratio and promoter’s share of total cost Existing investment by the promoter in any other business Projected cash flow and profitability
5. Legal feasibility: Determines whether the proposed system conflicts with legal requirements, e.g. a data processing system must comply with the local data protection regulations and if the proposed venture is acceptable in accordance to the laws of the land.
6. Operational feasibility: Operational feasibility is a measure of how well a proposed system solves the problems, and takes advantage of the opportunities identified during scope definition and how it satisfies the requirements identified in the requirements analysis phase of system development.