Feasibility

What are the steps involved in a project feasibility study?

• Scope feasibility, market feasibility, organizational/managerial feasibility, financial/economic feasibility

• Technical feasibility, market feasibility, financial/economic feasibility

• Technical feasibility, market feasibility, organizational/managerial feasibility, financial/economic feasibility, legal and labor feasibility

• Technical feasibility, market feasibility, organizational/managerial feasibility, financial/economic feasibility

Why do projects need a project feasibility study?

• In order to ensure you have enough people to work on the project.

• To provide detailed information on the budget required for the project.

• To provide accurate information as to whether the project will succeed.

• To conduct research on your competitors.

Why does project feasibility include a project cost estimate?

• So that all project resources and team members can be paid.

• The cost estimate will inform project investors what they must invest.

• In order to ensure that the project will not exceed budget and possibly result in failure.

• Project feasibility does not require a cost estimate.

Which of the following describes better a Feasibility Report?

• This type starts from a stated need, a selection of choices, or both and then recommends one, some or none.

• This type provides an opinion or judgement rather than a yes-no-maybe answer or a recommendation. It provides a studied opinion and compares a thing to a set of requirements and determines how well it meets those requirements

• This type studies a situation and a plan for doing something about it. It gives a recommendation and it provides the data and reasoning behind that recommendation.

• None of the alternatives

At the end of the feasibility study the systems analyst

• Meets the users for a discussion

• Gives a summary feasibility report to the management

• Gives a systems proposal to management

• Tells the top management if the system is not feasible