Before most corporations will embark on a project, the projectnormally needs to be justified and approved. This commonly involvesa feasibility study or some other business need justification. Thisstudy is normally done during the project charter phase. Let’sdiscuss this important aspect of a project charter. What are sometypes of feasibility (such as economic, political, technical,operational, schedule, and legal) that should be considered andwhich should have more importance? Why? Also, what are some typicalfinancial project justification methods? Which methods are good andwhich are not as good? Which methods are most popular in thecorporate world?
Expert Answer
- Personally speaking, I believe that all the
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