Feasibility Study Concepts

The video tutorial explains the concept of a feasibility study, which assesses the practicality of a proposed plan or project. It outlines the seven steps to conduct a feasibility study, including preliminary analysis, creating a projected income statement, and making a go/no-go decision. The tutorial also describes five types of feasibility studies: legal, economic, technical, operational, and scheduling. These studies help determine if a project is feasible, considering various factors like legal requirements, cost-benefit analysis, technical resources, operational solutions, and project duration.

What is the primary purpose of conducting a feasibility study?

• To analyze the project's marketing strategy

• To determine the project's profitability

• To assess the practicality of a proposed plan

• To evaluate the project's environmental impact

Which step involves estimating the project's income and required investment?

• Planning business organization and operations

• Creating a projected income statement

• Conducting a preliminary analysis

• Conducting market research

What is the purpose of conducting market research in a feasibility study?

• To make a proper projection of the incomes

• To determine the technical abilities of the organization

• To demonstrate the company's capital structure

• To outline the market conditions

Which step involves comparing charts and information for consistency?

• Making a go/no-go decision

• Creating an opening day balance sheet

• Reviewing and analyzing

• Conducting a preliminary analysis

What is the final step in conducting a feasibility study?

• Planning business organization and operations

• Making a go/no-go decision

• Creating a projected income statement

• Conducting market research

Which type of feasibility study involves a cost-benefit analysis?

• Operational feasibility

• Technical feasibility

• Economic feasibility

• Legal feasibility

What does legal feasibility assess in a project?

• The project's operational efficiency

• The project's cost-effectiveness

• The project's technical resources

• The project's legal and ethical requirements

Which type of feasibility study focuses on the technical resources and capabilities?

• Economic feasibility

• Technical feasibility

• Scheduling feasibility

• Legal feasibility

What does operational feasibility aim to determine?

• If the project can be completed on time

• If the project is legally compliant

• If the project solves the intended problems

• If the project is financially viable

What is the focus of scheduling feasibility?

• Assessing the project's legal requirements

• Evaluating the project's cost-effectiveness

• Analyzing the project's technical resources

• Determining the reasonableness of the project duration