Performing a feasibility analysis

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How do you determine whether a project is one your development team (and the organization as a whole) should consider? Performing a feasibility analysis enables you to figure that out. In this Application, you use a non-IT scenario to practice this important skill.

Consider the following: You have just graduated from college and are beginning your first professional job. Until now, you have been using mass transportation to get to school, but that may no longer be the   optimal choice for getting to work. You think your best option may be to buy a new car.

In 2-3 pages, perform a feasibility analysis on the purchase of a new car. Although a full feasibility analysis for an IT system will include organizational, economic, and technical components, for the   purposes of this Application, limit your analysis to the following:

Economic considerations,  including ROI, risks, cost benefits (tangible and intangible), and net present  value (NPV) for the next 5 years Organizational factors, in this instance, you  and your business needs for the car.

Conclusions you reached by doing this analysis. (Is buying a new car your best option? Why or why not?)

Make this project using software engineering.

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In this assignment we have compared the use of public transport and own car in order to reach the office. Economic conditions, risks, cost, net present value of buying the car has been discussed. When come to conclusion it is calculated that buying a car is more convenient and comfortable when come to professional career. Reaching at time is more important when you are employed, because this makes your impressions and importance in your work. It is obvious that there may be some chances to get late but after buying the chances of saving money and reaching office at time is more. Thus i have opted to buy a new car after comparing the benefits of buying new car.

Reference no: EM13690935

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