Podcast
Questions and Answers
True or false: A feasibility study is a systematic plan and analysis of the sustainability of a project?
True
True or false: A feasibility study assesses the practicality of a proposed plan or project?
True
True or false: A feasibility study is only concerned with technical aspects of a project?
False
True or false: Feasibility studies help answer the question of whether or not to proceed with a proposed idea?
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True or false: The importance of a feasibility study is to establish whether or not a company will deliver on its promises in a reasonable period of time?
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Which of the following factors are considered in a feasibility study?
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What is the purpose of a feasibility study?
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What does a feasibility study help answer?
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What is the main goal of a feasibility study?
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What does a feasibility study provide?
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Study Notes
Feasibility Study
- A feasibility study is a systematic plan and analysis of the sustainability of a project.
- It assesses the practicality of a proposed plan or project.
Scope of a Feasibility Study
- A feasibility study is not only concerned with technical aspects of a project, but also considers other factors.
Purpose and Goals
- The purpose of a feasibility study is to help answer the question of whether or not to proceed with a proposed idea.
- The main goal of a feasibility study is to determine the viability of a project.
- A feasibility study provides an analysis of the project's potential for success.
Importance
- The importance of a feasibility study is to determine whether a project is worth pursuing, not to establish whether or not a company will deliver on its promises in a reasonable period of time.
Factors Considered
- A feasibility study considers various factors, including but not limited to technical, financial, and operational aspects of a project.
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Description
Test your knowledge on the fundamentals of feasibility studies with this quiz! Explore the importance of factors such as marketing, production, technical issues, organizational aspects, and financial implications in assessing the practicality of a project or business.
