Credit Card Fraud free essay sample

The data collected by these sources must be scrutinized to arrive to a conclusion. The conclusion is an understanding of how the system functions. This system is called the existing system. Now the existing system is subjected to close study and problem areas are identified. The designer now functions as a problem solver and tries to sort out the difficulties that the enterprise faces. The solutions are given as proposals. The proposal is then weighed with the existing system analytically and the best one is selected. The proposal is presented to the user for an endorsement by the user. The proposal is reviewed on user request and suitable changes are made. This is loop that ends as soon as the user is satisfied with proposal. Preliminary study is the process of gathering and interpreting facts, using the information for further studies on the system. Preliminary study is problem solving activity that requires intensive communication between the system users and system developers. We will write a custom essay sample on Credit Card Fraud or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It does various feasibility studies. In these studies a rough fgure of the system activities can be obtained, from which the decision about the strategies to be followed for effective system study and analysis can be taken. Here in the project News aggregator, a etailed study of existing system is carried along with all the steps in system analysis. An idea for creating a better project was carried and the next steps were followed. FEASIBILITY STUDY An important outcome of the preliminary investigation is the determination that the system requested is feasible. Feasibility study is carried out to select the best system that meets the performance requirements. Feasibility study is both necessary and prudent to evaluate the feasibility of the project at the earliest possible time. It involves preliminary investigation of the roject and examines whether the designed system will be useful to the organization. Months or years of effort, thousand for millions of money and untold professional embarrassment can be averted if an in-conceived system is recognized early in the definition phase. The different types of feasibility are: Technical feasibility, Operational feasibility, Economical feasibility. 1) Technical feasibility Technical Feasibility deals with the hardware as well as software requirements. Technology is not a constraint to type system development. We have to find out hether the necessary technology, the proposed equipments have the capacity to hold the data, which is used in the project, should be checked to carryout this technical feasibility. The technical teasibili ty issues usually raised during the teasibility stage ot investigation includes these   This software is running in windows 2000 Operating System, which can be easily installed.   The hardware required is Pentium based server. The system can be expanded. 2) Operational feasibility This feasibility test asks if the system will work when it is developed and installed. Operational feasibility in this project: The proposed system offers greater level of user-friendliness.   The proposed system produces best results and gives high performance. It can be implemented easily . So this project is operationally feasible. 3) Economical feasibility Economical Feasibility deals about the economical impact faced by the organization to implement a new system. Financial benefits must equal or exceed the costs. The cost of conducting a full system, including software and hardware cost for the class of application being considered should be evaluated. Economic Feasibility in this project: The cost to conduct a full system investigation is possible. There is no additional manpower requirement. There is no additional cost involved in maintaining the proposed system.Existing system refers to the system that is being followed till now. Presently all the news aggregators provide the timely updates for all the categories such as etc. Thus a user will have to spent more time in browing to obtain the updates for a desired category. This may lead to wastage of time if the page containing the required data is unknown to the user. The main disadvantage is hat their will be lot of difficulties for the user to find the specified news updates for his/her choice of category. Draw backs of existing system. Difficult for user to find required news updates. Time consuming. The aim of proposed system is to develop a system of improved facilities. The proposed system can overcome all the limitations of the existing system. The system reduces time wastage. The existing system has several disadvantages and many difficulties to work efficiently. The proposed system tries to eliminate or reduce these difficulties up to some extent.