Feasibility studies are a beforehand analysis of the possibility of successful completion of the project, taking into account legal, economic, technological and other factors. A feasibility study is surely done before starting the project and it reveal whether the project is worth starting. It is a very good tool for evaluation. It allows project managers to investigate the possible negative and positive outcomes of a project before investing too much time and money.
At PMO Business Consulting, we perform detailed feasibility studies which include several components: project scope, current analysis, requirements, approach, evaluation and review. We advise our clients whether it is worthy to pursue the business and thus reduce their time and efforts.
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