What are the 5 Types of Feasibility Studies?|7 Steps to Make Feasibility Study in Project Management

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What is feasibility study in project management? A feasibility study is conducted to assess the practicality of a proposed project. In this video we explore five types of feasibility studies and the basic steps to conduct feasibility studies.

Learn how to conduct feasibility study in project management with examples. https://www.projectcubicle.com/feasib...

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00:00 - Intro
00:06 - What is feasibility study?
00:41 - When to conduct a feasibility study?
00:50 - How to conduct a feasibility study? - 7 Steps
01:58 - 5 Types for feasibility studies

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In business and project management  a feasibility study is done to understand if the practicality of a proposed project or system is economically feasible or not.

Basically there are 7 steps to be followed while conducting a feasibility study;

1. Conduct a Preliminary Analysis
2. Create a Projected Income Statement
3. Conduct a Market Research
4. Plan Business Organization and Operations
5. Create an Opening Day Balance Sheet
6.  Review and Analyze
7.  “Go/No Go” Decision

There are 5 Types of feasibility studies
1. Legal Feasibility
2. Economic Feasibility
3. Technical Feasibility
4. Operational Feasibility
5. Scheduling Feasibility (Time Feasibility)

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#Project #ProjectManagement #feasibility #performancemetrics
پارسال در تاریخ 1402/04/22 منتشر شده است.
827 بـار بازدید شده
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