A feasibility study is an analysis that takes all of a project's relevant factors into account—including economic, technical, legal, and scheduling considerations—to ascertain the likelihood of completing the project successfully. Which statement best describes a feasibility study?

A feasibility study is an analysis that takes all of a project's relevant factors into account—including economic, technical, legal, and scheduling considerations—to ascertain the likelihood of completing the project successfully. Which statement best describes a feasibility study?

• A. A plan for resource allocation
• B. A vendor evaluation tool
• C. A feasibility study is an analysis that takes all of a project's relevant factors into account—including economic, technical, legal, and scheduling considerations—to ascertain the likelihood of completing the project successfully
• D. A security risk assessment

Answer: (C)

A feasibility study asks: given economic, technical, legal, and scheduling factors, can we realistically complete this project? The statement that explicitly describes an analysis considering all relevant factors to determine the likelihood of successful completion captures that broad viability assessment. It explains why the project should move forward or be halted based on overall feasibility, not just one aspect. This differs from planning for resource allocation, which focuses on how to distribute people and funds rather than on whether the project is viable. It also differs from a vendor evaluation tool, which centers on selecting suppliers rather than assessing overall feasibility. And it differs from a security risk assessment, which concentrates on potential security threats rather than the project's ability to be completed successfully.

A feasibility study asks: given economic, technical, legal, and scheduling factors, can we realistically complete this project? The statement that explicitly describes an analysis considering all relevant factors to determine the likelihood of successful completion captures that broad viability assessment. It explains why the project should move forward or be halted based on overall feasibility, not just one aspect.

This differs from planning for resource allocation, which focuses on how to distribute people and funds rather than on whether the project is viable. It also differs from a vendor evaluation tool, which centers on selecting suppliers rather than assessing overall feasibility. And it differs from a security risk assessment, which concentrates on potential security threats rather than the project's ability to be completed successfully.