04 Oct Feasibility Study
Feasibility Study in Software Development
A feasibility study in software engineering is a rigorous evaluation of the profitability and viability of a software development initiative. An IT consulting company with 32-year expertise, ScienceSoft helps businesses understand whether a new software project is worth their time and money.
Not Sure in Technical and Economic Viability of a Software Development Initiative?
Whether you consider implementing an entirely new solution or upgrading your current software, ScienceSoft can conduct a feasibility study and help you answer two pressing questions:
- Will my business benefit from new software engineering engagement?
- Which implementation scenario can bring the max benefit?
What You Get with a Feasibility Study
We analyse your business needs, stated goals and current business processes to provide you with a feasibility study report. Our report contains:
Several Defined Software Solution Alternatives
with rated strengths and weaknesses for each suggested variation.
Solution recommendation
with clear justification.
Suggested tech stack and architecture design
for a selected solution with a view to software’s high performance, availability, usability, reliability, security & compliance, maintainability, portability and optimal costs of ownership (TCO).
A business case
developed for a recommended solution, including ROI estimation and risk analysis.
A high-level project management and implementation scenario
for a recommended solution to reach the project goals holistically.
Additionally, you can opt for a small proof-of-concept (PoC) to test and verify the chosen technologies. ScienceSoft delivers a PoC in 2-3 weeks.
Why HLT Global
- 32 years in end-to-end software engineering.
- Over 3,000 successful projects.
- IT consultants with 10-20 years of hands-on experience in their expert fields.
- 700 full-time employees onboard, including certified IT consultants, BAs, technical architects, and QA consultants.
- Recognized tech leader by BBB (rating: A+), Forrester, and Clutch.co.
- Profound experience in big data, IoT, AI/machine learning, blockchain, image analysis:
- Data analytics services since 1989.
- Big data consulting services since 2013.
- IoT consulting services since 2011
- 5 Gold Microsoft Competencies, AWS Select Consulting Partner, IBM Silver Business Partner, Oracle Partner, Premier ServiceNow Partner, Magento Solution Partner, Salesforce Registered Consulting Partner.
- Mature quality management system confirmed by the ISO 9001 certification allowing to implement projects that fully meet our customers’ quality, time, and budget expectations.
- Guaranteed security of the customers’ data we access proved by ISO 27001 certificate.
Our Approach to Conducting a Feasibility Study
Grounded estimates
We provide you with a detailed feasibility report with a transparent rationale and all the supporting information attached.
Minimal disruption to your daily workflows and schedules
To minimize the interference with your processes, we:
- Inform you in advance about the number of your engagement hours we will need.
- Adjust our communication to your business hours and a preferred communication channel (email, voice/video calls).
- Report on the progress regularly.
Choose Your Service Option
Exploration of software solution alternatives
- You have an urging business need that can be solved with a software solution.
- We analyze your needs, define available solution variants, and help choose an optimal one in terms of operational and economic feasibility.
Analysis of several shortlisted software solutions
- You have a prepared list of comprehensively described software solutions but can’t choose the best one.
- We help you decide on the optimal option in terms of technical feasibility and cost/benefit ratio.
Assessment of the pre-selected software solution
- You have a detailed technical description of a pre-selected software solution.
- We help you outline the project budget (for in-house and outsourced software development), identify development risks, and assess overall software profitability.
Determine the Value of Your Project
Through a viability and profitability analysis, ScienceSoft’s consultants can provide a detailed explanation of whether your software project is worth implementing. We’ll assess it in terms of economic, technical and operational feasibility and deliver a structured software development strategy outline to maximize the possible value.
Taking overall responsibility for the ‘how-to’ project part
- Together, we define the goal you want to achieve:
- Business goals (cost reduction, revenue increase, process time reduction, etc.).
- Development process improvement (faster, higher-quality software delivery, more frequent releases, etc).
- We plan and organize the project to achieve your goals and continuously compare the project plan and process against emerging needs.