Feasibility study

A project study, including feasibility study (English: feasibility study ), is a designation from the Project Management and refers to the review of the implementation of projects, particularly if risks can not be assessed or the availability is in question. International Standards are Project Manager ( PrMr ), Project Management Body of Knowledge ( PMBOK ) and the International Competence Baseline ( ICB).

It is used to determine to what extent, by what means and in what time (etc.), a project can be realized. In addition, is also investigated whether inconsistencies between the project goal and existing knowledge exist. Also a proof of concept can be the target of a project study.

If this feasibility study is positive, a project can be carried out and accepted. If the study is negative and the project of inefficiency is rejected or modified in approach.

In many cases, it is considered essential to establish criteria and priorities of feasibility at the outset of the investigation, as otherwise a weighting of pros and cons, as well as allows the comparison of problems and solutions could not be realized.

The feasibility study is usually associated with a risk analysis, because usually are project- threatening risks rise to such a study, which can then be used for subsequent risk management as a basis.

Feasibility test

The feasibility study is the main part of the feasibility study dar. established the following points are dealt with mainly:

  • Organizational implementation
  • Economic feasibility (eg, budget, financing)
  • Technical feasibility
  • Resources and availability ( eg, human, machine, space, time and materials )
  • Timetable for implementing
  • Legal implementation

Thus, the feasibility study is an advanced feasibility study that includes not only technical and scientific analyzes and pilot testing and computer simulations and includes samples and expert interviews.

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