Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Feasibility has to be created before the Business Case. But take into account that it will depends on the process each organization is following. Saving Changes...
Jose Luis Gonzalez RugelPresidente Grupo Gonzalez - Program Manager - Docente- Consultor - ATP Trainner| DipromacomGuayaquil, Guayas, Ecuador
From my point of view they are not the same thing, a business plan focuses on a holistic analysis from focusing on the feasibility of an idea to the business, and a project reliability report does not have such a global approach Saving Changes...
Raheel KhokharTeam Lead| DatumSquare IT ServicesRawalpindi, Punjab, Pakistan
Thanks Sergio and Jose. Saving Changes...
Raheel KhokharTeam Lead| DatumSquare IT ServicesRawalpindi, Punjab, Pakistan
Is there an argument why Business Case should be created after Feasibility? Reason? Saving Changes...
Mudassar KhanProgram (Project )Manager| Woodward Canada IncPeterborough, ON, Canada
Business Case is developed first and than Feasibility Study is done Saving Changes...
I think feasibility studies are the first key on the initiation of a project. Then business case can be dine in order to sequenced actiins. Saving Changes...
Raheel KhokharTeam Lead| DatumSquare IT ServicesRawalpindi, Punjab, Pakistan
Business Case = [(Business Need) + (Cost-Benefit Analysis)]
"Cost-Benefit Analysis" in above equation comes after feasibility study. I think cost-benefit analysis is one of the various outputs of feasibility study. Thoughts? Saving Changes...
Raheel:
Business case, concept paper, white paper or issue paper are many available choices to capture a business problem, possible solutions and a recommendation. It is a precursor to the feasibility study. A feasibility study is an assessment of a proposed business solution and usually fits into the budget lifecycle of a project.
Your organization may have a framework with a project lifecycle, product lifecycle, budget lifecycle and a system development lifecycle. Saving Changes...
Deepesh RammoorthyICT Project Manager ( PMP®AgilePM®Certified ScrumMaster® (CSM®))| Australian Red Cross Blood ServiceTarneit, Vic, Australia
In My experience a Business case could be to procure an IT solution for instance and a Feasibility study may include doing a pilot with one of the vendors of that solution to roll it out to one of the business units to see if the organization has the appetite for the change to the full blown solution which can significantly impact the business model of the organization
This actually means that there is some Business driver for the change and the door is left open for a subsequent refinement of the Business Case, post Feasibility study Saving Changes...
Edward DanielsProject Manager| IndependentGlen Burnie, Md, United States
This is an interesting one, feasibility CANNOT and SHOULD NOT come before the business case (need). Think of it this way, there is a business requirement (regulatory, cost or time-saving initiative or just plain modernizing how we do things) that must be fulfilled. We now look at different ways to accomplish the business requirements, once we have listed choices, we narrow down using whatever criteria that is feasibility.
Using costs, longevity, support and availability are various factors used to see if a project is feasible or not.
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2 replies by Anton Oosthuizen and Sarah Hillas
Mar 23, 2021 5:03 AM
Anton Oosthuizen
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Interesting view. How do you compile a business case and submit it for approval if the options in your business case have not been tested i.e. are all options feasible? My business case states that I want funding to solve a specific problem with a specific solution (a good business case will provide alternatives). If I did not do a feasibility study to determine if my proposed solution will actually address the problem I may end up with funding for something that I cannot actually do.
Feasibility studies are done pre and post-business case. Since a business case is a proposal to solve a problem it is high-level i.e. build a vehicle to ride on Mars (is this feasible?) you fist need to determine if it could actually be done. Once the plan is approved then the feasibility of the different requirements needs to be determined i.e. using rubber wheels. (how can it be done).
To state that feasibility CANNOT and SHOULD NOT be done before a business case is drafted is wrong on so many levels. The pre-business case study is the most important one of many to come.
Sep 08, 2021 5:48 AM
Sarah Hillas
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When I submit the business case, I am not getting approval for a project - I am getting approval to conduct a feasibility study. The approval to proceed with the project (inc. securing funds) comes after the feasibility study. If the feasibility study is successful, I then create a project brief which is what is signed off (ie secures funding/gives green light to proceed)...
