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Comprehensive Guide to Conducting Feasibility Studies in Project Management

This chapter from "Project Management Planning and Control Techniques" outlines essential learning outcomes for conducting feasibility studies. It covers the identification of project stakeholders, understanding client needs, and recognizing project constraints. Stakeholders are classified into various groups, including originators, users, project teams, and regulatory bodies. The chapter emphasizes the importance of gathering information, utilizing value management, conducting cost-benefit analysis, and defining internal and external constraints to ensure project viability and success.

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Comprehensive Guide to Conducting Feasibility Studies in Project Management

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  1. Project Management Planning and Control Techniques • 5th Edition • ISBN: 0-9582 733-1-6 • Rory Burke

  2. Project Management Planning and Control Techniques • Chapter 4 • Pages 43-55 • Feasibility Study

  3. Learning Outcomes • Conduct a feasibility study • Identify project stakeholders • Identify client needs and project constraints

  4. Stakeholders 1 • Originator • Owner • Sponsor • Project Champion • Users • Customers

  5. Stakeholders 2 • Project Team • Senior Management • Functional Managers • Boss • Colleagues

  6. Stakeholders 3 • Subcontractors • Suppliers and Vendors • Supporters • Legal Requirements

  7. Stakeholders 4 • Health and Safety • Trade Unions • Special Interest Groups • Lobby Groups • Government Agencies

  8. Design Freeze

  9. Needs and Constraints • Define Client’s Needs • Internal Project Constraints • Internal Corporate Constraints • External Constraints

  10. Design Freeze

  11. Feasibility Study • Gather Information • Value Management • Evaluate Options • Cost Benefit Analysis

  12. Feasibility Study • End

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