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 Starting new projects with a Feasibility Study

Feasibility Study PlansAs you kick off new projects in the coming year, make sure you start out on the right foot. These tips will help you set up projects properly from the outset, and avoid problems down the track.
Starting new projects
When you start a new project, you need to follow these 8 “golden rules” to ensure its success...
1. Sponsorship: You need to have a highly motivated sponsor who understands the criticality of the project on the business and is motivated to making it a success. They need to have the resources available to support you, and the right level of “influence”in the business.

Posted by igcco on Sunday, January 17 @ 01:32:52 MST (108 reads)
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 The Elements of a Good Feasibility Study

Feasibility Study PlansIn its simplest form, a Feasibility Study represents a definition of a problem or opportunity to be studied, an analysis of the current mode of operation, a definition of requirements, an evaluation of alternatives, and an agreed upon course of action. As such, the activities for preparing a Feasibility Study are generic in nature and can be applied to any type of project, be it for systems and software development, making an acquisition, or any other project.
There are basically six parts to any effective Feasibility Study:
1. The PROJECT SCOPE which is used to define the business problem and/or opportunity to be addressed. The old adage, "The problem well stated is half solved," is very apropos. The Scope should be definitive and to the point; rambling narrative serves no purpose and can actually confuse project participants. It is also necessary to define the parts of the business affected either directly or indirectly, including project participants and end-user areas affected by the project. The project sponsor should be identified, particularly if he/she is footing the bill.

Posted by igcco on Sunday, January 17 @ 01:29:04 MST (135 reads)
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