Lec 4 | Feasibility Study | Feasibility Types & Cost-Benefit Analysis Explained in Hindi

In this lecture, we dive into the critical first step of any system development process: Project Initiation and Feasibility Study. This stage lays the groundwork for ensuring a project's success by evaluating its viability from various perspectives.

   • Lec 5 |Requirements Gathering and Ana...  
   • Lec-3 System Development Life Cycle (...  

   • Lec-2 Types of system , Elements, and...  
What you'll learn in this video:

Project Initiation:

Understanding the purpose and objectives of the project.
Identifying stakeholders and defining the problem or need.
Types of Feasibility Studies:

Technical Feasibility: Examines the technological resources, expertise, and compatibility.
Operational Feasibility: Evaluates whether the system will align with the organization's goals and user needs.
Economic Feasibility: Assesses the financial viability, focusing on costs and returns.
Cost-Benefit Analysis:

How to identify direct and indirect costs.
Evaluating tangible and intangible benefits.
Using metrics like ROI and Payback Period for informed decision-making.
This video is perfect for students, IT professionals, and project managers who want to understand how to analyze and initiate projects effectively, ensuring they are both viable and aligned with organizational goals.