IT 23 Quiz

Refers to the ability to complete a project within the specified timeframe.

• TIME FEASIBILITY

•    OPERATIONAL FEASIBILITY

• Resources Availability

Refers to the evaluation of whether a proposed project, plan, or initiative can be successfully implemented within the constraints of operational resources, capabilities, and conditions.

• Feasibility analysis
• Market research
• Risk assessment
• Operational Feasibility

Ensuring that the necessary personnel, equipment, tools, and technology are accessible.

• Equipment procurement strategy
• Resource accessibility management
• Resources Availability

• Personnel training management

Reviews the hardware, software, and other technical resources needed for

implementation.

• Review of hardware, software, and technical resources for implementation.
• Resource Requirements

• Evaluation of marketing strategies for product launch.
• Analysis of financial resources for project funding.

Verifying that the project can be completed within the required timeline

• The timeline is not feasible for the project.
• Timing and Scheduling 

• The project can be completed within the required timeline.
• The project cannot be completed on time.

Identifying and mitigating potential operational risks that could disrupt execution

• Risk Management

• Conduct a risk assessment and implement preventive measures.
• Ignore the risks and proceed as planned.
• Focus solely on financial gains without risk evaluation.

It is the assessment of whether a proposed project, system, or solution can be

successfully developed and implemented using the available technology, resources, and expertise.

• Cost analysis
• Risk assessment
• Technical Feasibility

• Market research

Estimating the time, it will take for the project to recover its initial investment from the generated benefits.

• Time to recover initial investment is calculated by adding the initial investment to the annual benefits.
• Time to recover initial investment is determined by multiplying the annual benefits by the project duration.
• Scalability

• Payback Period

Assessing whether existing operational processes can accommodate the new

project or if modifications are needed.

• The new project will replace existing processes entirely.
• Process Compatibility

• No assessment of current processes is necessary.

the process of assessing whether a proposed project or investment is financially viable and cost-effective

• Risk Assessment
• Market Analysis
• Economic feasibility   

• Cost-Benefit Analysis