Feasibility

Is a comprehensive report that provide a detailed examination and analysis of the Plan, Processes, People, and Power (The 4 P's) of the Project.  
It takes into consideration the risks and vulnerability as raised through the 4 P's as well as the constraints (time, costs, and standards). 
The goal is to determine whether the project should go ahead, be redesigned, or else abandoned altogether.
Risks are considered to be external to the project, and divided into categories: 

• (Plan) financial and organizational;
• (Processes) environmental and technological; 
• (People) marketing and sociocultural; and 
• (Power) legal and political. 

Project Vulnerability is internal to the project and could be controlled and eliminated. 

Constraints to a Project are time, costs and standards that can each be objectively determined and measured along the entire project life-cycle. 

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