Steps to follow in Projects Analysis

• Framing the Systems Development Life Cycle (SDLC) Model for the related project, 
• Understanding and evaluating the specific problem, 
• Analyzing and evaluating the systems requirements, 
• Cost-benefit analysis, 
• Performing technical feasibility, time feasibility and Operational feasibility for 
• the project, 
• Scheduling projects using both GANTT and PERT charts, 
• Deciding the S/W requirement specifications and H/W requirement 
• specifications, and 
• Designing and constructing the entity-relationship (ER) diagram (for RDBMS related projects), data flow diagrams (level 0,1,2) (OR Object-oriented diagrams, System Flowcharts etc.) and data dictionary.