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What are the appropriate questions to ask when conducting a Feasibility Study?

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I need assistance in having the appropriate general questions to be asked when conducting a feasibility Study for a project. Do I need to have them divided in different categories? Also can a one conduct a feasibility study on a project that's already in the execution phase and looks like its going to fail.

Thanks for your kind assistance.
asked 7 years ago by anonymous edited 7 years ago by MaplePM

1 Answer

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A feasibility study is done before the project is even authorized. The purpose of the feasibility study is to mainly find out if the project is...

- technically feasible
- financially feasible

The above are the most important points (at least from a stakeholder's point of view). There are several categories in a feasibility study (see: http://www.projectmanagementquestions.com/4064/what-are-the-different-types-of-feasibility-studies ). Some questions that you can ask are:

- Do we have enough money to do the project?
- Can the project be done?
- Do we have enough people to execute the project?
- Do the people that we have know how to work on that project?
- Do we have the necessary equipment for the project?
- Can we do the project in the allotted time?

A feasibility study is never done after the project is initiated. If the project is being executed and is in trouble, then you don't do a feasibility study, you just report on its health to the stakeholders, and then the stakeholders will decide whether to kill it or not. Note that any time the PPM might decide that the project no longer provides (or meets) the required ROI for the company and subsequently cancel the project.
answered 7 years ago by MaplePM (46,940 points)

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