Exam 11: Feasibility Analysis and the System Proposal

_________________________ feasibility is a measure of how reasonable the project timetable is.

When writing a system proposal you should write in the active voice.

The feasibility analysis matrix complements the candidate systems matrix with an analysis and ranking of the candidate systems.

Variable costs occur in proportion to some usage factor, for example: computer usage, supplies, overhead costs.

Schedule flexibility is a measure of how reasonable a project timetable is.

Fixed costs occur in proportion to some usage factor, for example: computer usage, supplies, overhead costs.

Examples of tangible benefits include: improved customer goodwill; improved employee morale; better service to community; and better decision making.

The present value of a dollar at any time in the future can be calculated by using a formula.

Brainstorming is an effective technique for identifying possible candidate solutions.

The net present value of an investment alternative is considered the preferred cost-benefit technique by many managers, especially those who have substantial business schooling.

Legal feasibility includes how well a solution can be implemented within existing contractual obligations.

Technical feasibility looks at the computer hardware, and considers the MIPS rate and data transfer rates as exclusive measures of technical feasibility.

Operational feasibility is a measure of how well a solution meets the identified system requirements.

The formula for return on investment is: Lifetime ROI = (Estimated lifetime costs - Estimated lifetime benefits) / Estimated lifetime benefits

In performing a payback analysis one needs to adjust costs and benefits for the time value of money.

Increased customer goodwill is an example of a(n) _____________________ benefit.

In an oral presentation, executives are usually put off by excessive _______________.

The costs associated with developing a system cannot be estimated from the outset of a project but only at the end of the systems analysis phases.

Technical feasibility is a measure of how well a proposed system solves the problems and takes advantages of the opportunities envisioned for the system.

The ______________________________ of an investment alternative is considered the preferred cost-benefit technique by many managers, especially those who have substantial business schooling.