Project Manager Tips & Hints

02 May 2008

Assess Feasibility Using Project Management Software

Assess the Feasibility Using Project Management Software

Assess the overall feasibility of each solution option. A Feasibility Study may need to be undertaken to identify the likelihood of each solution satisfying the business problem or opportunity. Complete the following table:

Solution Component	Feasibility Rating (1-10)	Method Used to Determine Feasibility
New Technology	9	A technology prototype was created to assess the solution
New People	8	A survey was completed to identify skill-set availability
New Processes	3	Processes within similar organizations were reviewed
New Assets	9	Physical assets were inspected

Initiation: Business Case Feasibility Table

In the example provided above, the likelihood of new technology delivering the required result is very high as it has been rated 9 / 10. To come to this conclusion, a technology prototype was created.

Posted in Project Planning