Feasibility Reports Overview

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Questions and Answers

What is the primary purpose of a feasibility report?

To advocate for a single proposed solution.
To help decision-makers choose between multiple courses of action. (correct)
To document past decisions made by management.
To provide a historical overview of company practices.

When reviewing a feasibility report, what alternative may readers consider?

A completely new approach to a problem.
Continuing with existing methods or leaving things as they are. (correct)
Changing the leadership structure of the organization.
Implementing a similar solution to what competitors use.

In situations where readers prefer a change, what is often the focus of their decision-making?

Assessing the profitability of a single new solution.
Choosing between multiple existing alternatives to the status quo. (correct)
Determining the best way to maintain current practices.
Implementing a competing company's strategy.

How might the choice between materials, such as metal or plastic in sailboats, illustrate decision-making in feasibility reports?

<p>It emphasizes the consideration of alternatives to the current practices. (C)</p> Signup and view all the answers

What common misconception do readers have about feasibility reports?

<p>They assume that all reports must present a single solution. (C)</p> Signup and view all the answers

Flashcards

Purpose of Feasibility Reports

Feasibility reports help decision-makers choose the best course of action from multiple options.

Implicit Comparison: Status Quo

Even if only one option seems highlighted, the report implicitly compares it to doing nothing (the status quo).

Example: Status Quo

Examples of the status quo include continuing with existing practices, like using metal parts instead of plastic parts.

Choosing From Alternatives

In many situations, the decision has already been made that change is necessary, so the focus is on selecting the best alternative among multiple options.

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Feasibility Report: Comparison and Decision

Feasibility reports compare different options against each other and the do-nothing option, helping stakeholders make informed decisions.

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Study Notes

Feasibility Reports

Feasibility reports guide decision-makers by presenting options.
Readers implicitly consider the "do nothing" alternative.
This often involves maintaining the current state.
Example: sticking with metal parts in sailboats instead of plastics.
Frequently, readers are already aware of a needed change, and will pick between various alternatives.