Question

Importance of Financial technical and Social Feasibilty of the project

Answer 1

Answer:

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 allows project manager to determine all positive and negative points of the project.

Explanation:

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Answer 2

Before starting any project, it is very important to check the financial, technical, and social feasibility of a project.

Explanation:

• Checking the financial, technical, and social feasibility of a project before starting it is very important to ensure the success of any project.
• If these factors are not considered, it might result in huge losses in terms of money as well as goodwill in the market.
• For example, if a product is not socially acceptable, producing it without considering this factor would result in the wastage of resources, money, and goodwill of the firm.
• Therefore all these studies are extremely important for efficient and responsible business operations.