Initiation and development includes system development new hardware and software purchases user training site preparation data system conversion assessing economic feasibility cont costs application software maintenanceincremental data storage expenseincremental communicationsnew software and hardware releasesconsumable suppliestime value money tvm process comparing present cash outlays tofuture expected returns figure assessing other feasibility concernsoperational feasibilityassessment how proposed system solves business problems takes advantage opportunitiestechnical feasibilityassessment the development organizations ability construct proposed system assessing other feasibility concerns continued feasibility assessment time-frame and project completion dates with respect organization constraints for affecting change legal and contractual feasibility assessment legal and contractual ramifications new system assessing other feasibility concerns continued feasibility assessment key stakeholders view organization toward proposed system

Assessing Economic Feasibility

	Examples
		Cost reduction and avoidance
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	Associated with on-going use of the system Includes:
		Application software maintenance
		Incremental data storage expense
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The process of comparing present cash outlays to

future expected returns