ACCA SBL Syllabus H. Innovation, Performance Excellence & Change Management - The Feasibility Of Possible Redesign Options - Notes 8 / 11
The Feasibility Of Possible Redesign Options
The feasibility study filters out too costly, too much, disruptive, demanding on human resources or have side effects outweighing the advantages.
Feasibility can be split into 4 areas:
| Feasibility | |
|---|---|
| Technical | Does the necessary technology exist or is significant innovation required? Is further development required? How specialised is the technology and is the expertise available? |
| Social | The outcome of a process improvement proiect may have important consequences tor employees Both inside and outside the team, eg statt redundancies, training and changed work patterns. |
| Environmental | This is really more about acceptability than feasibility Different stakeholders have different environmental concerns Opinions and reactions may affect the project |
| Financial | Cost-benefit analysis will happen but benefits are often intangible Assigning monetary values to benefits is tough - especially in the public and voluntary sectors |