Project Feasibility Study Quiz

Study Notes

A document that provides a detailed description of a project, including its technical, financial, and organizational aspects.
Helps determine whether a project is viable and likely to succeed.

Technical feasibility: assesses whether the project is technically possible.
Financial feasibility: evaluates whether the project has sufficient budget and resources.
Organizational feasibility: examines whether the project has the necessary personnel and skills.
Market feasibility: determines whether there is a market demand for the project's product or service.

Description of the project:
- Purpose and goals
- Project scope and stakeholders
- Timeline and task breakdown
- Expected outcome and deliverables
Market feasibility:
- Identify target market and competition
- Analyze market demand and pricing
Technical feasibility:
- Assess necessary expertise and technical resources
- Evaluate logistical and geographical requirements
Financial feasibility:
- Determine budget and resource allocation
- Evaluate financial viability and potential revenue
Organizational feasibility:
- Identify necessary personnel and skills
- Determine management and task assignments

Determines the viability of a business idea and helps decide whether to proceed.
Main purpose: to determine whether a business can meet operating expenses.
Feasibility research involves:
- Market research: analyze target market, competition, and demand.
- Competitive analysis: differentiate from competitors.
- Organizational competence: ensure innovation and adaptation.
- Financial analysis: evaluate costs, revenue, and profitability.

Helps entrepreneurs assess the viability of their business idea.
Benefits:
- Examines strengths and weaknesses of an idea.
- Uncovers market opportunities and threats.
- Identifies necessary resources and potential pitfalls.