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16. What is feasibility? List and briefly discuss four feasibility tests.
A systems project must be feasible from an operational, technical, economic, and schedule standpoint. Operational feasibility means that a proposed system will be used effectively after it has been developed. If users have difficulty with a new system, it will not produce the expected benefits. Technical feasibility refers to the technical resources needed to develop, purchase, install, or operate the system. Economic feasibility means that the projected benefits of the proposed system outweigh the estimated costs usually consider the total cost of ownership (TCO), which includes ongoing support and maintenance costs, as well as acquisition costs. Costs can be one-time or continuing, and can be incurred at various times during project development and use. Schedule feasibility means that a project can be implemented in an acceptable time frame...