3- Project Feasibility Study

3- Project Feasibility Study - Project Feasibility Study...

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Project Feasibility Study 1 Dr. Hesham A. Aziz Dr. Hesham A. Aziz
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Feasibility Study Feasibility study to not only ensure the project is feasible, but also ensure it is making the best use of your company’s resources . Key Points : - Identify all your stakeholders assess, quantify and prioritize their needs and expectations . Identify all the constraints, both internal and external . Consider alternative options to produce a better product . 2 Dr. Hesham A. Aziz
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1. Feasibility study Initiation The feasibility study should be formalized with requirements, boundaries and expected outcomes :- Who is responsible . Project brief to be analyzed . Who should be involved . Level of detail . Budget for the feasibility study . Report back date . 3 Dr. Hesham A. Aziz
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2. Plan the Feasibility Study Project Life-Cycle ( of feasibility study ) 4 Dr. Hesham A. Aziz
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3. Stakeholder Analysis The project manager should create an environment where the stakeholders are encouraged to contribute their skills and knowledge as this may influence the success of the project. Consider the following headings :- Originator . Owner . Sponsor . Project Champion . Users . Customers . Project Team . Senior Management . Functional Managers . Boss . Colleagues . Sub-contractors . Suppliers and Vendors . Supporters . Legal Requirements . 5 Dr. Hesham A. Aziz
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There are other external stakeholders who, although they may not be directly involved with the project, they can still influence the outcome :- Regulatory authorities – health and safety . Trade unions . Special interest groups ( environmentalists ) who represent at large . Lobby groups . Government agencies and media outlets . Individual citizens . 6 Dr. Hesham A. Aziz
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4. Define the Client’s Needs The starting point for a project is usually to address a problem, needs, or business opportunity that be internal or external to your company. Some of the objectives may be stated as : -
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This note was uploaded on 03/17/2012 for the course CEM 661 taught by Professor Dr.heshama.aziz during the Spring '10 term at American University in Cairo.

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3- Project Feasibility Study - Project Feasibility Study...

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