Feasibility Study for IT Investments

121.5 NEW PM-01-05-S

The goals of the Feasibility Study Requirements are to: a. Streamline feasibility study creation, enhance decision-making based on agency planning and design outcomes. b. Highlight feasibility study's role in supporting resource requests for proposed information technology (IT) investments. c. Include financial measures like Net Present Value, Internal Rate of Return, and Breakeven Analysis, emphasizing time value of money. d. Provide formats for concise cost and benefit rationale to aid in investment evaluation.