The feasibility report occurs once the scope / purpose has been decided on and documented. This investigates whether the objectives are achievable and once implemmented beneficial.

It is important to create this report as it allows all options to be openly discussed before deciding on a best value option to proceed with.

If the study determines that it is not feasible significant money can be saved. It also looks at the following:

Level of Risk

Risk analysis is important to pre-empt any potential show stoppers. This may be due to an unusually complicated specification, untried third party software or a high risk strategy.

Consider Options

It can consider a variety of different options and strategy to achieve the Project objectives. Additional value that change the scope and purpose can be identified here saving time and money at later stages.

Confirm Scope

It can test the project scope against the project purpose to ensure they match.

Manage Objectives

It can rank the project scope / purpose objectives in order of importance to best achieve project success.