Chapter 2 System Analysis

These flashcards cover key concepts and definitions related to the Systems Analysis and Design course, specifically focusing on feasibility analysis and related metrics.

What are the five stages of the Systems Development Life Cycle (SDLC)?

Planning, Analysis, Design, Testing, Development, Implementation, Maintenance.

What is feasibility analysis in the context of systems development?

A study to evaluate if a project is practical and likely to succeed.

What are the three main types of feasibility analyzed in projects?

Technical, Economic, and Organizational.

What guiding question does Technical Feasibility address?

Can we build it?

What does Economic Feasibility evaluate?

The financial viability and cost-effectiveness of a project.

How is Net Present Value (NPV) calculated?

NPV = Total Present Value of Benefits - Total Present Value of Costs.

What does a positive Net Cumulative Cash Flow indicate?

More cash was received than spent.

What is the formula for calculating Return on Investment (ROI)?

ROI = (Total Benefits - Total Costs) / Total Costs.

What does the Break-Even Point (BEP) tell us?

How long it takes for a project to make back the money spent.

What is Organizational Feasibility?

It assesses if the organization has the capacity to support and operate the project.

What is the purpose of a Decision Matrix in feasibility analysis?

To evaluate different options based on technical, economic, and organizational feasibility.

What does a Cost-Benefit Analysis compare?

Total costs versus total benefits to assess project viability.

What is the importance of stakeholder support in feasibility analysis?

It determines if the project will be accepted and utilized within the organization.