Question

The first two traditional project phases (concept and development) focus on planning, and are often referred to as _____. a. project feasibility b. project close-out c. project acquisition d. project implementation

Answer 1

Answer:

Project feasibility.

Explanation:

Project feasibility is an analysis of how viable a project is and considering technical and legal feasibility of a project. Also it looks at the economic justification of the project. Is it profitable for the business to undertake the project?

Project feasibility tells one of a project is worth doing or if it is doable.

Concept or the idea and development phase focus are part of the project feasibility stage. Where ideas are analysed to see their viability and developed.

Answer 2

Answer:

Project feasibility

Explanation:

Project feasibility determines if the business,,project, idea is viable or worth investing into, it is ensuring a project is legally and technically feasible as well as economically justifiable. It should tell us whether a project is worth the investment This will help companies avoid the risk of starting a venture. The project phases concept and development is vital to get involved in before carrying out any major invesrtment