System Analysis and Design Paper 15

Pick quantified goals from those given below
i. payment should be made promptly
ii. payment should be made before 5th of every month
iii. the age of the persons should be below 35
iv. the person to be recruited should be middle aged

During feasibility analysis it is necessary to examine several alternative solutions because

During feasibility analysis it is necessary to examine several alternative solutions because
i. a comparison of alternatives will lead to a cost-effective solution
ii. a pre-conceived single solution may turn out to be unimplementable
iii. it is always good to examine alternatives
iv. management normally looks at alternatives

A cost-benefit analysis is performed to assess

The intangible benefits in the following list are
i. savings due to reducing investment
ii. savings due to sending bills faster and consequent early collection
iii. providing better service to the customers
iv. improving quality of company products

In designing a system it is found that the cost of the system was Rs 1,50,000 and the benefit is Rs 10,000 per month. The interest is 1% per month; the payback period using the present value method is

The following are the most important points of a detailed system proposal
who will supply and install the required equipment
cost-benefit analysis
comparison of alternative solutions
implementation plan

Quantification of goals is required because

Goals should be agreeable to

By economic feasibility of a system we mean that