Economic Feasibility Deals with Whether or Not It Is Possible

question 72

True/False

Economic feasibility deals with whether or not it is possible to develop a new system given the current technical resources.

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Definitions:

Psychological Weight

The perceived importance or emotional impact of a thought, decision, or object on an individual’s mind.

Yardstick Reports

Comparative reports that measure the performance of an organization against a standard or benchmark.

Chronological Pattern

An organizational method where events or steps are presented in the order they occurred in time, from earliest to most recent.

RFP

Request For Proposal; a document issued by an organization to solicit proposals from potential providers as part of a competitive bidding process.