What Is a Feasibility Study and Developing the Project Definition

The first phase of project management deals with determining what projects will be performed, as well as preparing preliminary documents to validate the project approval decision. The following activities are critical and should be performed during the project management initiation phase: Feasibility - Identifying the Opportunity and Qualifying It: Aims to examine each project opportunity to identify what is feasible and what isn't. This will ensure consistency with corporate objectives and support business targets, requiring validation of capability through integration with other initiatives.

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