Feasibility Study

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| By Asmasyuhada
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Asmasyuhada
Community Contributor
Quizzes Created: 1 | Total Attempts: 887
| Attempts: 887
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  • 1/5 Questions

    Feasibility study is a study on the current and expected availability of human, physical, and financial resources  so as to ensure their optimum deployment , that  can be measured according to specified criteria in the context of prevailing and predicted commercial and sosioeconomics requirements

    • True
    • False
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About This Quiz

Please answer the following question to make sure that you are really understand about feasibility study.

Project Management Quizzes & Trivia

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  • 2. 

    To find out whether or not the project or action taken is appropriate is the function of feasibility study

    • True

    • False

    Correct Answer
    A. True
    Explanation
    A feasibility study is conducted to determine the viability and suitability of a project or action. It assesses various factors such as technical, economic, legal, and operational aspects to determine if the project can be successfully implemented. By conducting a feasibility study, organizations can evaluate the potential risks, benefits, and challenges associated with the project and make an informed decision about its appropriateness. Therefore, it is correct to say that the function of a feasibility study is to determine whether or not a project or action is appropriate.

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  • 3. 

    All of the following is a list of types of feasibility study, except :

    • Site / location feasibility study

    • Financial

    • Professional fees

    Correct Answer
    A. Professional fees
    Explanation
    The given answer is "Professional fees." This is because professional fees are not a type of feasibility study. Feasibility studies are conducted to assess the viability and potential success of a project or venture. The other options listed, such as site/location feasibility study and financial feasibility study, are common types of feasibility studies that evaluate the suitability of a site/location and the financial aspects of a project, respectively. However, professional fees do not fall under the category of feasibility studies.

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  • 4. 

    What is the first step of feasibility study process?

    Correct Answer
    Problem
    Study
    Study / Problem
    Explanation
    The first step of a feasibility study process is to identify and define the problem that needs to be addressed. This involves understanding the current situation, determining the objectives and goals, and identifying any constraints or limitations. Once the problem is clearly defined, the next step is to conduct a thorough study of the problem, which includes gathering relevant data, analyzing the information, and evaluating potential solutions. Therefore, the correct answer is "Problem, Study, Study / Problem".

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  • 5. 

    What is the last step of feasibility study process?

    Correct Answer
    Report & Decision
    Explanation
    The last step of the feasibility study process is to prepare a report and make a decision based on the findings. This involves documenting all the information gathered during the study, analyzing the data, and presenting it in a comprehensive report. The report will outline the feasibility of the project or idea, including the potential risks, benefits, costs, and resources required. Based on the report, a decision can then be made whether to proceed with the project or not. This step is crucial as it provides a clear and informed basis for decision-making.

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  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • May 06, 2012
    Quiz Created by
    Asmasyuhada
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