IT Project Cost-Benefit Analysis Tool
Typically, many enterprises considering IT projects that carry significant business risk undertake a feasibility study as part of their evaluation process for assessing project viability.
Although undertaking a feasibility study is not a requirement for every business-critical project, it is a valuable tool that helps decision makers take a rigorous and objective view of the project and impartially assess any alternative solutions or approaches that may exist.
To create an effective feasibility study, enterprises need a team of experienced staff that:
- Has a broad strategic enterprise-level view of the project.
- Maintains a tactical perspective of the implementation options available.
Beyond setting up the right team, the enterprise should have the right tools available in order to make the feasibility creation process as smooth and pain-free as possible. An essential part of all feasibility studies is a cost-benefit analysis of the project and all options under consideration. This cost-benefit analysis tool gives users the ability to assess the
organizational impact of the project as well as its implementation options.