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Economic Feasibility

This document discusses the economic feasibility of a project by comparing its costs and benefits. The costs include implementation costs like laptops, phones, and integration; ongoing costs like upgrades, support, and training; and costs for students like internet access and transportation. The benefits are cost savings like less staff needed and replacing old systems, as well as customer benefits like a less hassle enrollment process and increased loyalty through a faster, more convenient online system.

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Glaiza Czarina
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110 views1 page

Economic Feasibility

This document discusses the economic feasibility of a project by comparing its costs and benefits. The costs include implementation costs like laptops, phones, and integration; ongoing costs like upgrades, support, and training; and costs for students like internet access and transportation. The benefits are cost savings like less staff needed and replacing old systems, as well as customer benefits like a less hassle enrollment process and increased loyalty through a faster, more convenient online system.

Uploaded by

Glaiza Czarina
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Economic feasibility - a measure of the cost-effectiveness of a project or solution.

COSTS BENEFITS
Implementation Costs Cost Benefits
 Laptop  Less staff needed dedicated to cash
 Smart Phones register
 Integration with other systems  Eliminate costs of old systems (if
 Development of platform replaced)

Ongoing Costs Customer Benefits


 Enhancement and Upgrades  Less Hassle for Freshman Students and
 Service and Support for Regular Students
− Easy application for enrolment
 Training on new features and new
− Decreases student’s time in
associates
falling in line
− Makes it more convenient for
Costs for Students students to focus on other
 It would make students spend for an requirements needed for
internet connection if they do not have enrolling such as payments,
any internet connection schedules and etc.
 The fare that they will be using if they are  Higher Loyalty
far from computer shops or any place − Improved fast and convenient
that have an access on the internet application for students
 Faster Confirmation
− With online enrolment you have
easier access for things to gather
needed for enrolling through
confirmation online
− You have the choice whether to
continue or not for enrolment
− You have the ability to check for
more requirements needed if you
lack some of it.

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