Feasibility Study in Software Development
A software engineering feasibility study is a thorough assessment of the feasibility and scalability of a software development project.
Livyoung Realtech Enterprise, an IT consulting firm with vast years of experience, assists organizations in determining if a new software project is worth their effort and expense.
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Why Livyoung Realtech Enterprise
Years of experience in end-to-end software development and providing big data consulting services, IoT consultancy services.
Projects undertaken are largely successful.
Generally, our IT consultants possess more than ten years of experience in their fields of expertise.
Onboarded are full-time personnel, including qualified IT consultants, business analysts, technical architects, and quality assurance consultants.
Data analytics services since long, with extensive experience in big data, Internet of Things (IoT), Artificial Intelligence (AI)/machine learning, blockchain, and image analysis
Compliance with AWS Select Consulting Partner, IBM, Oracle Partner, Magento Solution Partner, and Salesforce Registered Consulting Partner and other Microsoft Gold Competencies.
A mature quality management system, as evidenced by ISO 9001 accreditation, allows us to deliver projects that exceed our clients' expectations in terms of standard, time, and cost.
Types of feasibility to be analyzed
Organizational feasibility
to measure the level of benefits attained by the business
to check if the solution adheres to the business’ strategic needs
to analyze the compatibility between top managers and the project
Operational feasibility
to check whether the project suits the demand of your business
to understand the demand of the company
to assess the end result of the solution
to know and fulfil the clients’ expectation
Financial feasibility
to analyze the development cost and cost-benefit
to check whether the end product is justifying your company’s standard
Technical software feasibility
to create a link between the technicality and the process of project development
to observe the technological shortcomings
to verify the prominence of research before carrying out any project
Timeline feasibility
to define the project milestone
to ensure work being done on time
to communicate the repercussions of procrastination
Miscellaneous
to abide by the law
to observe the mechanisms of market
What You Get with a Feasibility Study
To offer you a feasibility study report, we examine the market needs, your business’ stated goals, and ongoing business operations.
For each recommended variant, you will get several defined software solution possibilities with assessed strengths and disadvantages.
You will get well-supported recommendation for a solution.
You will get suggested tech stack and architectural design for a chosen solution, with a focus on high performance, usability, dependability, security & compliance, manageability, scalability, and low total cost of ownership (TCO).
You will gain a business case that was created for a suggested solution, which included a ROI estimate and a risk analysis.
You will gain a scenario for high-level project maintenance and implementation for a comprehensive approach to achieving the project's pre-defined targets.
Software Feasibility Study Report Structure
As a reference, we are presenting several sections that find space in our software feasibility report. This will help you to understand how comprehensive and convincing our report structure is, and if there is any dearth, you may contact us immediately. Our software feasibility study report includes the following:
Overview
Include an outline of the Software Feasibility Study and suggest changes.
Purpose
State the purpose of the Study with precision and clarity. This provides a lot of insights about the future plan as well.
Scope
Cite the areas to be covered and not covered in the Study. Also, justifications will be given as to why certain areas are left unexplained.
Status quo
Explain the current state of your client and software product, to check whether any changes are required or integration is possible.
Needs
List out your major and minor requirements of yours with regards to the product. The Study report entails this section to be the most vital.
Proposed Alternatives
Mention the proposed alternative for resolving the issue and look for similar solutions available in the market.
Recommendations
Cite the recommendations particularly given the project’s authors along with the reason, cost and risk involved.
Benefits
Explain the positive outcomes after implementing the system. The nature of the benefit could be both tangible and intangible.
Cost & Time
State the cost involved in implementing the system, the source of consulting the price, and the time required in the implementation process.
Definitions, Acronyms & Abbreviations
Describe the definitions, acronyms, and abbreviations to be associated with the business.
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