Other important applications include informing the details of the company to the sales personnel, suppliers and others so that they become aware of company's goals and achievements.
Feasibility study is an important phase in the software development process. It enables the developer to have an assessment of the product being developed. It refers to the feasibility study of the product in terms of outcomes of the product, operational use and technical support required for implementing it.
Economic Feasibility: It refers to the benefits or outcomes. We are deriving from the product as compared to the total cost we are spending for developing the product. If the benefits are more or less the same as the older system, then it is not feasible to develop the product.
Operational Feasibility: It refers to the feasibility of the product to be operational. Some products may work very well at design and implementation but may fall in the real time environment. It includes the study of additional human resources required and their technical expertise.
Technical Feasibility: It refers to whether the product that is available in the market fully supports the present application. It studies the pros and cons of using particular product for the development and it's feasibility.