Discuss the importance of financial, technical and social feasibility of the project. ( 15 marks)
Answers
Feasibility study is used to determine the viability of an idea, such as ensuring that the project is legally and technically is feasible and also economically justifiable.
The financial part of it will help us to know whether a project is worth investment,like in some cases a project may not be doable.
Financial technical will help determine a project that is profitable and it also involves evaluation of the software, hardware, and other technologies required for for the proposed project.
Feasibility study is the analytical program through project manager determines the project success ratio and through feasibility project manager will be able to see whether the project will succeed or not.
Feasibility study allows project manager to determine all positive and negative points of the project.
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Answer:
Explanation:
Feasibility study is used to determine the viability of an idea, such as ensuring that the project is legally and technically is feasible and also economically justifiable.
The financial part of it will help us to know whether a project is worth investment,like in some cases a project may not be doable.