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Technological and economic feasibility studies of a proposed system are performed in this step of the Systems Development Life Cycle Decisions about how to best meet the needs of users for the proposed new system such as deciding to purchase or internally- develop new software are made in this step of the Systems Development Life Cycle The Management Information Systems Steering Committee typically makes a goo go decision up to three times during this step of the Systems Development Life Cycle The testing of the new system is a critical part of this step of the Systems Development Life Cycle Source documents and reports are designed and specific control activities are built into the new system as part of this step of the Systems Development Life Cycle A report detailing the needs of users and specifications for the new system to meet those needs is produced during this step of the Systems Development Life Cycle The new system is monitored and corrections are made until it is determined that significant updates or an entirely new system is required A. Systems Analysis B. Conceptual Design C. Physical Design D. Implementation and Conversion E. Operations and Maintenance Standards and controls for the new system are installed and system documentation is completed in this step of the Systems Development Life Cycle