IT Performance Management
This Project Management Template kit includes all of the project templates you need to start up, plan and execute projects quickly and easily.
More than 50 project templates, plans and forms are included, covering the entire Project Life Cycle. It helps you to start up, plan and execute your project quickly and easily.
The new 2009 edition of Managing Successful Projects with PRINCE2 is a major step in making PRINCE2 more accessible to the general project management population.
The new format, layout and clarity makes for a much easier read without losing the value of the methodology.
Project Management Methodology
Method 123 have launched a full-lifecycle Project Management Methodology which claims to increase the success and reduce the cost of delivering projects.
Can be used "out of the box", or customised for specific organisation needs.
Feasibility Study
VIEW FEASIBILITY STUDY TEMPLATE
What is a Feasibility Study?
A Feasibility Study is a document which identifies each of the solution options available and rates the likelihood of each option achieving the desired result. It includes:
- A full description of the business problem (or opportunity)
- A list of the requirements for a solution to fix the problem (or realise the opportunity)
- Available options for delivering a solution
- An assessment of the feasibility of each option
- A list of the risks and/or issues associated with each option
- A preferred option to be approved for implementation
When do I use a Feasibility Study?
The Feasibility Study is typically presented by Senior Management within the business to the Business Sponsor. Although it may be conducted prior to, during or after the completion of a Business Case, it is usually undertaken as part of the overall Business Case process to add more rigor to the solution options presented in the Business Case. For this reason, the topics defined in both the Business Case and Feasibility Study documents are similar.
The main purpose of the Feasibility Study is to ascertain the likelihood of each solution option identified for meeting the stated business requirements. Although the risks, issues and constraints are important, the project is less likely to be a success if the solution option chosen is unlikely to be feasibly implemented.
Feasibility Assessment Methods evaluate possible Options
Typical approaches are build a prototype, carrying out a staff survey or conducting market research. In some cases it may not be practical to undertake formal methods for the assessment of feasibility. Careful consideration and a ‘best guess’ may be the only method available.
To determine the likely feasibility of an option, a range of ‘assessment’ methods is undertaken. As there is a myriad of potential methods available to assess feasibility, you should take time to consider the most appropriate method available to your project. The outcome of the Feasibility Study is a confirmed solution option for inclusion within the Business Case. The next stage, after the solution option has been approved, is to define the project scope and structure within a project Terms of Reference document.
NB A Feasibility Study may address a business problem to be resolved, or a business opportunity to be realised. Although this document refers frequently to the resolution of ‘business problems’, each section equally applies to the realisation of ‘business opportunities’ as well.
| 
Tags: Project Management
Tags: Project Management