Feasibility Analysis Quiz

What is the purpose of a feasibility study?

• To conduct a risk assessment of project success

• To rank alternative solutions

• To evaluate the practical extent of project success

• To create a project management logbook

Which stage in the Project Management Logbook involves describing the solution, resources & cost, SWOT analysis, and risk assessment for Solution 1?

• Stage 4

• Stage 5

• Stage 2

• Stage 6

What is the focus of technical feasibility in a project?

• Assessment of technical requirements

• Operational implementation

• Economic analysis

• Usability of the product/service

Which type of feasibility involves analyzing the cost and benefit of a project?

• Schedule feasibility

• Operational feasibility

• Technical feasibility

• Economic feasibility

What is the first step involved in filling a feasibility study matrix?

• Assign a weight for each evaluation criterion

• Set a score for each solution

• Set design requirements and evaluation criteria

• Multiply each score with its corresponding weight

Which stage in the Project Management Logbook involves conducting an effective feasibility study?

• Stage 5

• Stage 6

• Stage 4

• Stage 2

What is the definition of feasibility in a project context?

• The practical extent to which a project can be performed successfully

• The usability of the product/service in the project

• The cost estimation for the project including tools and software

• The assessment of technical requirements

Which type of feasibility focuses on determining whether the suggested solution is acceptable or not?

• Operational feasibility

• Schedule feasibility

• Technical feasibility

• Economic feasibility

What is the final step in filling a feasibility study matrix to determine the most feasible solution?

• Set the design requirements and evaluation criteria

• Assign a weight for each evaluation criterion

• Set a score for each solution

• Add all the weighted scores for each solution

Which type of feasibility involves assessing the available hardware and software for a project?

• Technical feasibility

• Schedule feasibility

• Operational feasibility

• Economic feasibility