Project Feasibility Assessment Process Plan

Project Feasibility Assessment Process Plan
Project Feasibility Assessment
An organization often undertakes an initial study to determine if a new project can support the organization’s goals and mission. You will create a research-backed feasibility study in support of the viability of your project. The project is “Reward Program” for businesses/company.
Project Assessment
The Assessment will be comprised of four sections. Specific research requirements are delineated for each component.
Project Description (1/2 page)
Explain the project in simple terms. The description should include its proposed purpose and information about the organization where the project will be supported (location, industry, size). The organization does not have to be real. It may be fictional, but all research support in future sections must assume it is “real.”
Market and Competition (1 page)
Identify your end users inside and outside of the organization. What group(s) will the completed project serve? Research is required to back-up your selection and to provide statistics to show that it is a viable market.
Analyze the competition, especially the largest players. Consider the size of the market and how many competitors control the majority of the market.
Research in this section MUST include some content listed under Module 1 Assignment Resources.
Technical and Resource Requirements (1/2 page)
For this section, include information on what categories of expenditures are required such as labor, training, technology, capital expenses, or supplies. Explain the rationale for the costs, do basic research, and provide cost estimates.
Internet research is acceptable.
Recommendations (1/2 page)
Based on what you presented in the first three sections, explain how this project is deemed to be viable.
Be sure to support your analysis with research.
Effective academic and research writing requires a 3rd person voice. This assignment must be written in 3rd person.
Module 1 References:
M1 Chapter 3 Project Phases and Organization -22 pages
Project101x: Project initiation in review (2:23) https://www.youtube.com/watch?v=gqfxaZct5ZI
Project Management in Under 5: What is Project Scope? (3:29) https://www.youtube.com/watch?v=NXw0bvvYWYo
Project Management in Under 5: What is a Project Goal? (2:25) https://www.youtube.com/watch?v=yVuJ5LrypZA
SMART Objectives:
Writing SMART Objectives (5 pages with links) https://www.cdc.gov/healthyyouth/evaluation/pdf/brief3b.pdf
Writing S.M.A.R.T. Goals (3 pages) https://www.mindtools.com/pages/article/smart-goals.htm
How to Write Effective Project Objectives Every Time – Project Management Training (3:23) https://www.youtube.com/watch?v=hsSnumXk9lM
References:
M1 Chapter 7 Starting a Project -31 pages
The Whys and Wherefores of a Project Feasibility Study– 1 page https://www.brighthubpm.com/project-planning/5589-project-feasibility-study/
The Project Management Life Cycle – Successfully Guide Your Projects to Completion- 1 page https://www.brighthubpm.com/monitoring-projects/1907-successfully-guide-your-projects-to-completion-with-the-pm-life-cycle/
Reviewing the 4 Steps of a Feasibility Study Method – 1 page https://www.brighthubpm.com/project-planning/5598-feasibility-study-method/
Six Feasibility Study Steps – 1 page https://www.brighthubpm.com/project-planning/5599-six-feasibility-study-steps/
How to Write Effective Project Objectives Every Time – Project Management Training (3:23) https://www.youtube.com/watch?v=hsSnumXk9lM

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