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

Info icon This preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Project Feasibility Study 1 Dr. Hesham A. Aziz Dr. Hesham A. Aziz
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 2
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
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
2. Plan the Feasibility Study Project Life-Cycle ( of feasibility study ) 4 Dr. Hesham A. Aziz
Image of page 4
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
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 6
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.
Image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern