The fundamental need for a successful web project is that it should be in line with the business goals of the company.
A web project includes the requirements of the business and end-users, new ideas and numerous boundaries as well as limitations. At the project onset, it’s always clear what needs, challenges and problems the new website needs to address, and how the novel concept could help find the required solutions.
When starting up with a new web project, its scope and goals need to be clarified extensively through a comprehensive feasibility study. A feasibility study is an effective tool used by businesses to understand whether the project must be implemented.
1.Web project feasibility study
A feasibility study is intended to map out the scope and objectives of a web project on the basis of business requirements. Another principal aspect of the web project feasibility study is to create the scheduling and financial framework to implement of the project.
A general feasibility study is made to address the following concerns:
- Background and requirements for the project
- Objective and general requirements
- Preliminary concepts
- Estimates of time and cost
- Revenue model
- Profitability and ROI of the project
- Project schedule and phases
- Project resources and management
- Various implementation tools
2.Setting up objectives and requirements
A web project may be receded successful when it has generated the expected results. The final outcomes need to be mapped as visibly as possible ahead of starting the web project.
A feasibility study can generally include a reference on what the web project must help users to do, and what problems of a business it must resolve. Expected outcomes are established concretely as an initial concept.
Details regarding the specific steps and technical specifications required to attain the objective are not included here; however, they’re addressed at a later stage as part of the requirement specification phase.However, the needs and objectives of a web project can be clarified with defined requirements (also known as concept), which then acts like a starting standpoint for creating the more detailed specification.
3.Realistic budget helps avoid last-minute holdups
Sufficient funds should be committed to the web project, taking into consideration all types of future expenses, for instance, along with the cost of the entire system. The budget must also take into account every possible overruns and various other sorts of added expenses that inevitably tend to surface during a web application development project.
The personnel resources of a business are frequently a bottleneck in major web projects. Costs incurred from the own work of the organization must also be considered in the budget.
Along with this, the efforts and time from the employees is required in planning and strategizing the website, generating content and coordinating for the project.
The major costs included in a general web project are:
- Software licenses
- User training
- Concept specifications, design, etc.
- Technical implementation work
- Content production
- Hosting and maintenance costs
- Benefits and profitability
Once major costs of the project are known, they can easily be weighed against the prospected advantages of the project for estimating its profitability.
The assessed profitability is the most imperative factor in deciding if it makes sense to proceed.
4.Project phases and schedule
Time pressure generally results to an unrealistic project timeline and scheduling that is impossible to abide by on practical grounds. An effort must be made during the feasibility study to make sure the schedule is feasible, realistic, and that enough time has been kept aside for each stage of the project.
Problems and changes throughout the project can lead to hindrance in the schedule and make it tough to match the timeline. Flexibility built into the web project schedule during the time of feasibility study makes sure that a delay in one stage does not impact the schedule of the entire web project in general.
An unrealistically schedule can also result in omission and neglect of certain project elements to catch up to the time constraints, for instance starting live use of the site ahead of sufficient testing.
Start with drafting an initial plan for project management. This must be done no matter you’ve selected all or none of the project participants.
The feasibility study must cover suggestions on at least the following major concerns regarding management:
- Project organization
- Monitoring and reporting
- Change management
Technical specifications of the website implementation are generally not locked during the initial feasibility analysis. The feasibility can, however, cover restrictions and requirements on the technical web solution.
It can also comprise of a comparison of the merits and demerits of different options (e.g. various CMS platforms).
Web projects generally use existing hardware and software, wherein environment restrictions and opportunities should be carefully taken into consideration. If you plan to purchase a web project, even then you must consider various IT standards and suggestions that must be taken into account while you select hardware and software.
7.Done thorough research? You’re good to go!
It is vital that you genuinely commit to the web project. Without a serious commitment, good team (in-house or hired developers/ custom software development company ), successful completion of the web project and achieving of the project objectives is highly unlikely.
When hiring a website development company for your project, ensure they have enough experience and expertise under their best to do justice to your project, along with taking care of all the initial study, research, feasibility testing and planning pointers discussed in this post.
Category: Software DevelopersCompany about: Finoit is an IT Company providing strategic and technology consulting in the field of Web, Mobile and Software domain. We are focused on designing and developing user centered products and applications for startups to elite business groups across the globe. It is a team of individuals with diverse functional and technical expertise focused on solving business problems by developing customer centric application and e-business solutions. Finoit is a place where one learns about the professionalis ...
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