4927 FEASIBILITY STUDY PROCESS
(Revised 5/94)
Each agency must follow a systematic, analytical process for evaluating and documenting the feasibility of information technology projects, as defined in SAM Section 4819.2. This process must include:
- Developing an understanding of a problem (or opportunity) in terms of its effect on the agency's mission and programs;
- Developing an understanding of the organizational, managerial, and technical environment within which a response to the problem or opportunity will be implemented;
- Establishing programmatic and administrative objectives against which possible responses will be evaluated;
- Preparing concise functional requirements of an acceptable response;
- Identifying and evaluating possible alternative responses with respect to the established objectives;
- Preparing an economic analysis for each alternative that meets the established objectives and functional requirements;
- Selecting the alternative that is the best response to the problem or opportunity;
- Preparing a management plan for implementation of the proposed response; and
- Documenting the results of the study in the form of a Feasibility Study Report (FSR), as specified in SAM Section 4928.
