Feasibility Analysis
Feasibility Analysis is an evaluative tool in Project Management used to determine the viability of a project before investing substantial time and resources, taking into account practical economic, technical, legal and scheduling considerations, helping organizations identify potential dangers and maximize potential benefits.
Level 1: Emerging
At an emerging level, you are beginning to use basic tools to evaluate projects' viability, distinguishing feasible from non-feasible initiatives and reaching informed decisions in project management.
Level 2: Proficient
At a proficient level, you are able to effectively conduct feasibility analysis for project management, evaluating potential risks and benefits, and making sound recommendations based on data-driven insights.
Level 3: Advanced
At an advanced level, you are able to conduct in-depth feasibility analysis, identifying risks, opportunities, and constraints within the project scope to make informed decisions and recommendations for successful project outcomes.
