The development of an IT project is an investment process conditioned by the resources allocation decisions. The opportunity analysis and the feasibility studies are the most useful instruments for the foundation of appropriate decisions to be taken both by the financing party and the investor.

In case of the projects that may potentially qualify for obtaining non-reimbursable financing, it is mandatory to carry out a feasibility study that meets the requirements of the institution that grants the credit.

In carrying out the feasibility studies, each required step is considered for substantiating the decisions:
  • Legislation frame
  • National and international context
  • Target and mission of the project
  • Existing resources
  • Means of project deployment
  • Solution resulted from the project
  • Means of project management achievement

Moreover, the following feasibility categories are to be followed:
  • Economic feasibly, meaning the accomplishment of the product/solution correlated to the costs thereto
  • Technical feasibility of an IT project, represented by the hardware and software components, and also other technical resources
  • Operational feasibility, which means the evaluations of the reasons determining the personnel/ management/partners to use the software product/solution

The analysis step comprises alternative solutions and the individual feasibility evaluation thereof:
  • Maintenance of the existing system
  • Improvement of the existing system
  • Development of a new system / new product

All information is presented as written reports describing the advantages and disadvantages of the analysed project and of each alternative. The decision pertaining the implementation is taken by the management of the organization.