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Describe feasibility analysis

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Feasibility is the measure of how beneficial the development/ project will be to the wish of the society or the workability of a project.
Feasibility analysis is the process by which the feasibility as measured.
Its looked at in 2 ways:-
i) Whether the organization can be able to implement it i.e. technical ability etc
ii) Whether the project justifies the investment i.e. 112 and costs
Feasibility is part of the process of identification, preparation and selection.
The purpose of FA. Is to establish whether the proposed project is attractive enough to justify a more detailed preparation of the project.
After classifying the nature of the project and defining goals and objectives the next step is to conduct feasibility studies for each of the alternative project identified.
The basic question to asked are:-
i) Is the project feasible?
ii) How feasible is the alternatives under consideration?
The aim of the FA is to carry out a preliminary investigation which should help to determine whether the project should proceed further and how it should proceed.
The relevance of this approach will vary with the nature of the project itself.
The more concrete the project is, the more likely that these will be established produces in relation to feasibility.
However despite of these benefits of FA, not all projects go through FA. Even those that must undergo FA, they may not all required detailed FA. These will be dictated by the nature of the project.

Titany answered the question on November 15, 2021 at 07:22

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