Mukherjee and Roy indicate that many projects suffer from a lack of a feasibility study and that, “careful reviews of any proposal are essential before its design and development phase” (Mukherjee and Roy, 2017). The main objectives of a feasibility study are to evaluate the technical, operational, and economic utility of a proposal, and to ensure that the organization is basing decisions on accurate information, exact statements, and the latest financial records (Mukherjee and Roy, 2017). Read Jennifer Bridges’ post at the link below and return to comment on whether you utilize feasibility studies for your strategic projects.

Why is a feasibility study so important in project management?…Watch »

The post What Is a Feasibility Study? How to Conduct One for Your Project appeared first on ProjectManager.com.
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Mukherjee, M., & Roy, S. (2017). Feasibility studies and important aspect of project management. International Journal of Advanced Engineering and Management, 2(4), 98-100.