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What is the Economical feasibility?

In: Auto Loans and Financing, Internet, Computer Programming [Edit categories]

Answer:

Economic Feasibility means ,the project benefit of the proposed system outweigh .The estimated cost usually considered the whole cost of ownership(TOC) WHICH MUST INCLUDES :

1 - Ongoing support

2 - Maintenance cost

3-Acquisition cost

to determine TCO , the analyst must estimated cost in each following areas:

People, include IT staff and user

Hardware and equipment

Sofware, house development, purchase from vendors

Formal and informal training

Licenses and feeds

Consulting expenses

Facility costs

Tangible benefits

and

intangible benefits

First answer by ID3476964809. Last edit by Rosamist. Contributor trust: 4 [recommend contributor ]. Question popularity: 9 [recommend question].

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