Feasibility Study and Project Management Methodology

Q: The Business Case and Feasibility Study are two closely linked documents it seems, in the project management methodology. Would you ever do one without the other?

A: In most projects, a Business Case is completed to determine whether the project deliverables justify the planned expendituire. So you list the benefits to be realized by undertaking the project, and you then identify the costs. And if the costs outweight the benefits then the business case is more likely to be approved. However during this process, a Feasibility Study is normally completed to determine the feasibility of the solution. The feasibility study is sometimes completed after the approval of a business case as a separate exercise, but either scenario is fine.

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