country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Feasibility Study: Research Methodology

tag 3 Downloads7 Pages 1,550 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Feasibility Study for Research Methodology.

 

Answer:

Introduction

Feasibility Analysis

For every company it is very important to evaluate new project or innovation. This will enable company to understand whether or not innovation under consideration will be beneficial and feasible. In this project, Medical affair department is planning to implement a database system for enhancing efficiency and effectiveness of documentation (Novak, 1996).

Technical Feasibility: The main aspect of technical feasibility is to analyse whether proposed project of having database management system is technically feasible or not. This actually means assessing whether the system has the capability of being implemented in the department or not. The objective is to analyse whether the advancement level of technology required for this updation is in position of supporting the proposed database system or not (Salvaggio, 2005). Currently medical affairs department is looking for implementing new computerised database system to resolve the issue related with enquiry system of organization. For this purpose, organization will be required to upgrade application system and will have to add modules that are more effective in system, which should be related with the accounting management, human resource management, inventory management, enquiry management, prescription management, details of patients and doctors (Arain et al., 2010). For implementing the database management, system organization requires to upgrade the existing server as it is possible that the existing system is not carrying much power to accommodate the new needs and requirements (Arain et al., 2010).

 

Economic Feasibility: This feasibility study is concerned about the returns that are related with the investment, which is going to be made in the implementation of new database system (Franchetti, 2012). This analysis helps us in analysing that whether the option of investing in business is a worth one or not (Franchetti, 2012). The economic feasibility study helps in identifying the cost of the project, cost of expertise and training (Arain et al., 2010)

Software and equipment cost: This cost is associated with expenditure of keeping the system in proper place (Arain et al., 2010). The total cost of equipment comprises hardware, software and infrastructure costs (Arain et al., 2010). The cost that will incur after the implementation of database management system in medical affair department are licensing cost, cost of maintenance and support.

Cost of licensing: This cost is estimated to cost around seventy lakhs. Cost related with the addition of financing module is estimated to cost around forty lakhs. Cost of supporting will be around 20 to 30 percent of licensing cost (Arain et al., 2010).

Cost of Expertise: this will involve cost of hiring new consultants. This will cost around six to seven lakhs.

Cost of Training: This particular cost will involve cost associated with training of employees of company for understanding database system (Arain et al., 2010)

Operational Feasibility: This feasibility analysis is the main analysis as it deals with the main concerns that are related the human resource system (Arain et al., 2010). The objective behind undertaking feasibility study is to understand the proposed system in the terms of labour associated with it. Employees of the company will be required to be trained to better understand the need for implementing the new system and transpose the system of manual working into automated system. For proper management of the alignment with the real world, the team members of project management needs to get involved in Gap analysis(Salvaggio, Teal & Associates, 2005). Process of gap analysis is considered as an effective step for analysing the overall implementation database strategy and to pin point the needs for database system. The new system of database will be helpful in integrating all the fragmented data in just one computer system (Motiwalla, 2009). The new system of database management system will require a system of integrating the primary objectives with secondary objective and thereby including all the areas of Medial Affairs department (Pandey, 2011). 

 

Requirement Specification

Project Scope: The medical affair department, at present, processes medical enquiries in manual manner. The proposed system will help the organization members to manage the enquiry system in automated manner(Katimuneetorn, 2008). Scope of the project can be illustrated through the below points (Arain et al., 2010):

Giving ease in access to enquiry

Ease in access to information

offering construct replies

Giving statistical data

Project objectives: Objectives of the project have been summarised as below(Tambovcevs, 2010):

Increasing the number associated with enquiries that can be resolved immediately over phone

Decreasing the time taken for locating appropriate historical data

Decreasing the time taken for preparing statistical analysis of enquiries

Increasing departmental efficiencies

Increasing utility of data offered to the activity areas

Decreasing complaints

Decreasing waiting time

Increasing productivity

Increasing customer service

Increasing information awareness

Enhancing access towards information

Efficient and effective database system

 


Functional Specification: It is required to correct all the functional deficiencies that are associated with the system (European Communities, 2005). Specifications in the form of functions of project will act as the framework for consolidating and allowing benefits for achieving better prices from vendor(Arain et al., 2010).

Non-functional Specification: All the data and information will be held by the organization in dematerialised form. However, in case if constraint is overcome, then organization and its employees will be able to manage medical enquiries in fast and effective manner as they will be able to find any document in just one click (Nordea, 2014). The information could then be utilised by the sales team for evaluating market directions. Also, more efficient and accurate research capabilities can be achieved through ad hoc reporting associated with new technologies(Arain et al., 2010).

Project constrains: There are many constraints that will occur in implementation of this project:

The main constraint of this project is to make the employees in the medical affair department realize the importance of the new database system. Employees working in Medical affair department are habitual of working manually in respect of enquires and documentation, making them ready to work on computer system is a critical task. There are high chances resistance from employee’s side towards this change. This is mainly because employees will think that managing things on computer system will require them to take extra efforts to understand the concept and that will affect their work process, which will enhance pendency and extra load, which will never be invited from employees. It is required that the management of the company builds framework for making employees understand the importance of the new database. Learning about the new database system will enable members of organization to feel confident about using the system. It will help organization in reducing resistance to change.

 


Another constraint will be of recording the previous paper work in automated form, which will require a lot of time and effort for streamlining

Current administrative system needs considerable technical skills

Lack of integration within state wide financial and procurement system

Lack of adequate adhoc capabilities of reporting

Duplication of the efforts done by the employees; this is because employees had written previously the whole data in written form and now the same data have to be entered by them in computerised form which will require a lot of time and effort

Project Work Breakdown Structure: The work breakdown structure one of the tools of project management that enables readers to understand how project will work and will get implemented (Momoh et al., 2008). It is a structure and explanation of the working activities in terms of the hierarchy of the details that organises work to be done in proper and effective manner with effective and quantifiable outputs with assigned responsibilities (Momoh et al., 2008). This particular structure is useful for cost management of project. For managing any complex system, it is necessary to understand the process and working of the project in parts and for that purpose, it will be good to understand it by breaking the structure of the same. The hierarchical structure illustrates all the tasks that are independently completed and allocation of resources for controlling the measures (Momoh et al., 2008). Below is the work breakdown structure of the database system, which is proposed to be implemented by medical affair department (Momoh et al., 2008).

Project Work Breakdown Structure

 

References

Arain, M., Campbell, M.J., Cooper, C.L. & Lancaster, G.A., 2010. Correspondence What is a pilot or feasibility study? A review of current practice and editorial policy. BMC Medical Research Methodology.

European Communities, 2005. Functional Requirements For Conducting Electronic Public Procurement Under The EU Framework. European Communities.

Franchetti, M.J., 2012. Economic and Operational Feasibility Analysis of Solid Waste Minimization Projects. intechopen.

Katimuneetorn, P., 2008. Feasibility Study for Information System Projects. umsl.

Momoh, A., Roy, R. & Shehab, E., 2008. A Work Breakdown Structure for Implementing and Costing an ERP Project. IBIMA.

Motiwalla, 2009. Enterprise Systems for Management. Pearson.

Nordea, 2014. Implementation Guide. Nordea.

Novak, L.R., 1996. Market and Feasibility studies – A how-to guide. [Online] Available at: https://pages.uoregon.edu/rgp/PPPM613/downloads/How%20to%20do%20a%20Market%20Analysis.pdf.

Pandey, N., 2011. Assessing Viability and Feasibility of Business Ideas. Thapar School of Management.

Salvaggio, Teal & Associates, 2005. Enterprise Resource Planning Feasibility Study. [Online] Available at: https://www.doa.state.wi.us/documents/DET/RFO/RFO%20EXE13-03%20Attachment%20B_ERP%20Feasibility%20Study%202005.pdf [Accessed 22 September 2016].

Salvaggio, T.&.A., 2005. Enterprise Resource Planning System Feasibility Study. Salvaggio, Teal & Associates..

Tambovcevs, A., 2010. ERP System Implementation: A Case Study Of The Construction Enterprise. Economics And Management.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Feasibility Study: Research Methodology. Retrieved from https://myassignmenthelp.com/free-samples/feasibility-study-research-methodology.

"Feasibility Study: Research Methodology." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/feasibility-study-research-methodology.

My Assignment Help (2018) Feasibility Study: Research Methodology [Online]. Available from: https://myassignmenthelp.com/free-samples/feasibility-study-research-methodology
[Accessed 18 February 2020].

My Assignment Help. 'Feasibility Study: Research Methodology' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/feasibility-study-research-methodology> accessed 18 February 2020.

My Assignment Help. Feasibility Study: Research Methodology [Internet]. My Assignment Help. 2018 [cited 18 February 2020]. Available from: https://myassignmenthelp.com/free-samples/feasibility-study-research-methodology.


MyAssignmenthelp.com delivers assignment help to millions of students of USA. We have in-house teams of assignment writers who are experts on wide ranges of subjects. We have appointed teams of native writers who provide assignment help to students in New York City and all over the USA. They are skilled assignment writers who successfully cater to search terms like do my assignment in the USA

Latest Samples

BIZ104-Customer Experience Strategy Analysis

Download : 0 | Pages : 7
  • Course Code: BIZ104
  • University: Laureate International Universities
  • Country: United States

Answer Introduction The world has become fast paced where everything seems to be rushing and every aspect of life is industrialized. The revolution in fast food industry is also no exception as people demand food which is easily available and are constantly looking for innovation in food. The food industry has evolved in a way that has kept changing with the changing demands of customers and being responsive their tastes and preferences. The ...

Read More arrow

ACC518-Current Developments In Accounting Thought

Download : 0 | Pages : 11
  • Course Code: ACC518
  • University: Charles Sturt University
  • Country: Australia

Answer: 1.According to the article by Elizabeth Knight, Myer’s is trying to incorporate a new way in the marketing of its products to ensure that it remains productive. In the business sector there are large budgetary plans that are set year after year with the aims of increasing sales and getting new customers. According to Elizabeth Knight plans need appropriate strategies in the implementation with good and strong fiscal management te...

Read More arrow

MKT101A: Marketing Fundamentals MIx

Download : 0 | Pages : 7
  • Course Code: MKT101A
  • University: Laureate International Universities
  • Country: United States

Answer: Introduction: The CORE product of Travelodge Sydney is not the tangible and physical product. In case of the hotel, the core product is the proper implementation of the different techniques and strategies which will be inclusive of the different kinds of yoga and health facility services (Pride, Ferrell, Lukas, Schembri, Niininen & Casidy, 2017). Furthermore, this can be seen that there is more than 54% of the female customer...

Read More arrow

MKT101A: Marketing Fundamentals And Segmentation

Download : 0 | Pages : 6
  • Course Code: MKT101A
  • University: Laureate International Universities
  • Country: United States

Answer: Introduction: As the junior marketing associate, the implementation of the artificial intelligence with the usage of the voice recognition technology in different rooms will be helpful in attracting more customers. Furthermore, the marketing associate will be conducting proper surveys in the entire market as this will assist him in understanding the behaviour of the customers and their nature of purchase which will be h...

Read More arrow

HA2032-Financial Accounting Information Voluntarily

Download : 0 | Pages : 8
  • Course Code: HA2032
  • University: Holmes Institute
  • Country: Australia

Answers: Introduction In this project, we have prepared a brief analysis of whether disclosure of accounting policies should be regulated or not. Further, we have explained that how AASB has taken part in making the global accounting standards and what are the reasons that some of the countries are not following the IFRS accounting standards. Further, in this project, we have discussed the Owners’ Equity and the Debt equity ratio of Nuf...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,200,215

Orders

4.9/5

Overall Rating

5,060

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

440 Order Completed

99% Response Time

Jack Arens

MBA in HRM

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2830 Order Completed

97% Response Time

Leroy Bicknell

MBA in Marketing

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1592 Order Completed

96% Response Time

Jane Sima

Ph.D in Psychology with Specialization in Industrial-Organizational Psychology

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

184 Order Completed

96% Response Time

Arapera Billing

Masters in Management, MMgt

Wellington, New Zealand

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

I\'m really impressed with the way you help me to handle my assignment and with the results. Good job.Thank you. I definitely recommend your services.

flag

User Id: 351207 - 18 Feb 2020

Australia

student rating student rating student rating student rating student rating

Thank you very much. The answer was great. I got a very good grade in my assignment. I hope to deal with u again

flag

User Id: 9262 - 18 Feb 2020

Australia

student rating student rating student rating student rating student rating

Awesome quality of work and presentation 100% satisfied with work and will contact in the future.

flag

User Id: 359998 - 17 Feb 2020

Australia

student rating student rating student rating student rating student rating

it\'s not graded yet but i\'m sure i\'ll receive a very good grade! everything is perfect as described and as submitted! i\'ll surely bring more business to this website!

flag

User Id: 375374 - 17 Feb 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?