Feasibility Studies in Project Management

The video tutorial covers various project management techniques, focusing on phased implementation and parallel conversion. It discusses the importance of feasibility studies, including technical, operational, economic, and schedule feasibility. The tutorial emphasizes understanding the specifics of each feasibility type and provides examples to illustrate these concepts.

What is the primary reason for using phased implementation in large systems?

• To allow gradual integration

• To avoid any system downtime

• To ensure immediate full functionality

• To reduce costs

What is a common challenge in phased implementation?

• Complex integration process

• High initial costs

• Lack of user training

• Immediate system failure

Which of the following best describes parallel conversion?

• Gradually introducing the new system

• Testing the new system in a small area first

• Running both old and new systems simultaneously

• Replacing the old system with the new one immediately

What is a key aspect of feasibility studies in project management?

• Ensuring the project is completed on time

• Selecting the project team

• Evaluating the potential success of a project

• Determining the project's budget

Which type of feasibility focuses on the availability and usability of technology?

• Operational feasibility

• Economic feasibility

• Technical feasibility

• Schedule feasibility

Why is it important to consider economic feasibility in a project?

• To evaluate the project's timeline

• To ensure the project is technically viable

• To assess the project's impact on operations

• To determine if the project is financially worthwhile

What does schedule feasibility evaluate?

• The project's budget constraints

• The project's timeline and deadlines

• The project's impact on current operations

• The technical requirements of the project

What does operational feasibility primarily assess?

• The technical requirements of the project

• The timeline for project completion

• The cost-effectiveness of the project

• The project's impact on current operations

Which feasibility type would consider the cost of card readers in a new system?

• Operational feasibility

• Economic feasibility

• Technical feasibility

• Schedule feasibility

How does technical feasibility impact project timelines?

• It assesses the project's impact on operations

• It evaluates the project's financial viability

• It determines if the technology can support the project

• It ensures the project is completed on time