Question

List and describe the parts of the feasibility assessment portion of a baseline project report.

Answer 1

The baseline project report is an organized document that contains detailed project plans including the goal of the tasks, assumptions, cost, resources, and timeline. Feasibility assessment is a portion of the baseline project report that contains technical, economical, legal and timeline analysis of the projects. Following is the list and the detailed explanation of each part of the feasibility assessment:

i) Economics: This part contains all the cost-benefit analysis of the project and the economic justification for the completion of the project.

ii) Technical analysis: It contains all the technical details of the project describing technologies to be used for the completion of the project and the technical risks involved in it.

iii) Operational analysis: Provides an overview of how the proposed plan solves the business problem and how to take advantage of opportunities. A step by step plan description is given for the execution of the project.

iv) Legal and contractual analysis:  Provides an analysis of legal and contractual risks involved in the project. For example, patents, copyrights, etc.

v) Organizational analysis: This part contains the details of all the stakeholders involved in the project and their role in it.

vi) Schedules, Timeline, Resources analysis: Provides the expected timeline for the project completion and other events. It also contains an overview of the resources required for the completion of the project.