In order to determine the time and cost for a project organizations uses a variety of approaches. “One is to avoid scheduling problems altogether and never develop systems and software in-house. Instead, they license packages, such as ERP systems, that include both business processes and information systems components” (Kroenke, 2015, p. 398). Additionally, if what an organization needs does not exist, they can admit to not having a desired completion date. Another approach that can be used to determine time and cost is to use information from a similar past project. This method can be used for planning and determining a schedule estimate.
“Technical feasibility refers to weather existing information technology is likely to be able to meet the needs of the new system” (Kroenke, 2015, p. 389). “Organizational feasibility concerns whether the new system fits within the organization’s customs, culture, charter, or legal requirements” (Kroenke, 2015, p.