PK0-003 · Question #89
As part of the business case, which of the following criteria will drive a feasibility study to be performed?
The correct answer is D. Project has never been done before. A feasibility study is driven by uncertainty and novelty, especially for projects that lack precedent or have high risk. When a project has never been done before, its viability and potential challenges are unknown, necessitating a detailed study.
Question
As part of the business case, which of the following criteria will drive a feasibility study to be performed?
Options
- ALow complexity project
- BAligns with the provided RFP
- CThere is a legal/regulatory requirement
- DProject has never been done before
How the community answered
(22 responses)- A14% (3)
- C5% (1)
- D82% (18)
Why each option
A feasibility study is driven by uncertainty and novelty, especially for projects that lack precedent or have high risk. When a project has never been done before, its viability and potential challenges are unknown, necessitating a detailed study.
A low complexity project generally requires less extensive preliminary analysis, making a full feasibility study less critical.
Alignment with an RFP (Request for Proposal) indicates that the project meets specific requirements, but doesn't necessarily dictate the need for a separate feasibility study unless the RFP itself demands it due to novelty or risk.
A legal or regulatory requirement mandates compliance, but does not inherently mean the project's execution is unfeasible; it defines parameters within which the project must operate.
A project that has never been done before inherently carries high uncertainty and risk regarding its technical, operational, and financial viability. A feasibility study is crucial in this scenario to assess if the project is practicable and achievable, identifying potential problems and solutions before significant investment.
Concept tested: Project feasibility study triggers
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