Feasibility studies are undertaken for several reasons. One is to determine whether the project is a viable project. A second reason is to determine the probability of the project succeeding. Feasibility studies can also examine the viability of the product, service, or result of the project. For example, the study might ask, “Will the new lemon-flavored soda be a hit? Is it marketable?” The study might also look at the technical issues related to the project and determine whether the technology proposed is feasible, reliable, and easily assimilated into the organization’s existing technology structure.
Feasibility studies might be conducted as separat...
- Chapter 2: Creating the Project Charter
- from PMP: Project Management Professional Exam Study Guide, 7th Edition
- Publisher: Sybex
- Released: July 2013
Explain in details Feasibility studies ?
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