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Feasibility Study

April 04, 2020

Feasibility Study

Description

  1. Once after Requirement Collection is completed then we go for Feasibility Study.
  2. It is done by a team which consists of PM(Project Manager), BA(Business Analyst), Finance Team and HR Team.
  3. This is the stage where company will decide to take up the project or not if they take up the project company will check whether they have sufficient resources, sufficient technology and sufficient lab setups.
  4. This is the stage where company will get to know if they take up the project do they get profit or not.
  5. This process is called Feasibility Study.

Feasibility StudyRole of PM

     PM will interact with architect, BA, Finance Team and HR Team gather the information and PM will decide to take up the project or not.

Role of Architect

  Architect will think from technical point of view he will check technically is it possible to implement the project or not if it is possible then which technology should be used that decision will be taken by Architect.
Technology(Java, C, C++, etc)

Role of BA

BA will be involved in Requirement collection. 
(As i mentioned in my previous post if you didn't saw the previous post then go and check in Requirement Collection.)

Role of Finance Team

 Finance Team will think from money point of view they will see what is the operational cost required to work on the project and if they invest the money do they get profit or not.

Role of HR Team

  HR will think from hiring point of view they will see how many freshers and how many experience engineer should be hired to work on the project.
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