Whenever a project is started it requires a lot of work initially done before starting it..Which includes FEASIBILITY ANALYSIS....... Project feasibility is the most important thing which guides the whole project till its end.
But students are not very much focused to do so. They usually neglect this area and their major focus usually is technology....
The most important part of any projects's Feasibility is the Cost-Benefit Analysis. Final year students should learn to prepare a project feasibility report before starting any project. If any of them would prepare it then only tangible benefits and tangible cost is take under consideration. Most of them doesn't count the number of hours each person gave to the project. other intangible cost factors like the brain storming, technology and other things learning etc.
Similarly intangible benefits, like awards, certificates and recognition are all intangible benefits, while monetary rewards...reselling the product and earning cash...OR earning the GRADE are direct revenues and tangible benefits which a developer or his group earn... So before you start any project, always think about the number of hours given to that project and the benefits you can extract through such efforts...The more the benefits are the successful the project would be.
good article junaid bhai....muneeb
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