Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Feasibility Study is always first the Business Case. In fact, you usually will have more than one Feasibility Study. If you go to the definition you will find that Business Case is the Input to initiation process inside the PMBOK. The Business Case is the document used to approve the investment so is the result to Feasibility Studies you create along the process to study if the program and projects are viable. As I mentioned it could dependes on your internal process. Saving Changes...
S RajasekarSenior Project Manager| AllscriptsBangalore, Karnataka, India
Agree with Edward's comments, Need is a business case and feasibility is a study to understand Whether that need can be achieved or not.
Without business case doing feasibility is not feasible....need to know what is needed/required before exploring the possibilities Saving Changes...
Marcus ReisFormer President and CEO Razor Engineering Ltd| Project Results Calgary, Alberta, Canada
This one is interesting.
Firstly lets get how PMBOK looks at it. On pg. 42 it notes that it is really entirely up to the organization. it can be "...pre-project work, "...1st phase of project", or "...stand alone". Then Pg. 68 discusses business needs, these "needs" can trigger "...feasibility studies, business case...". So there is a type of order listed but is it a requirement to the order of documents, we cant say for sure. So I loop back to pg. 42.
In my organization for example, we tend to lean with feasibility 1st and its treated as a stand alone study. It is then used (if project gets through our gate review) to build the business case (one of the required inputs for Develop Project Charter). The business case contains; "business needs" and cost-benefit analysis, so it does take the feasibility study to the next level.
Finally I do not think there is a right or wrong answer to this (or should I say right or wrong sequence) it really is what you or your organization believes is required to get a project moving forward into Project Charter creation. Saving Changes...
Drew CraigSr. Agile & Product Coach| VanguardPhiladelphia, Pa, United States
Feasibility study would come prior to a Business Case - like a POC (Proof of Concept).
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1 reply by S Rajasekar
Mar 25, 2017 2:20 PM
S Rajasekar
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What will be the input/source for POC ?
Saving Changes...
S RajasekarSenior Project Manager| AllscriptsBangalore, Karnataka, India
Mar 25, 2017 1:47 PM
Replying to Drew Craig
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Feasibility study would come prior to a Business Case - like a POC (Proof of Concept).
What will be the input/source for POC ?
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1 reply by Drew Craig
Mar 25, 2017 3:34 PM
Drew Craig
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Inputs could be an idea, or a piece of software being tested for the trial period. For example, we recently installed the Bamboo Suite to play around with the various components and web-parts. There were no specific business cases/needs, however, that is mainly because users don't know what is out there. We wanted to provide a platform for various business groups to test out new functionality to potentially generate some true business cases.
Saving Changes...
Drew CraigSr. Agile & Product Coach| VanguardPhiladelphia, Pa, United States
Mar 25, 2017 2:20 PM
Replying to S Rajasekar
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What will be the input/source for POC ?
Inputs could be an idea, or a piece of software being tested for the trial period. For example, we recently installed the Bamboo Suite to play around with the various components and web-parts. There were no specific business cases/needs, however, that is mainly because users don't know what is out there. We wanted to provide a platform for various business groups to test out new functionality to potentially generate some true business cases. Saving Changes...
Raheel KhokharTeam Lead| DatumSquare IT ServicesRawalpindi, Punjab, Pakistan
Oh thanks everyone, especially @Edward Daniels and @Naomi Caietti. This discussion has started making more sense now. My question, as I asked above; what about this equation:
Business Case = [(Business Need) + (Cost-Benefit Analysis)]
"Cost-Benefit Analysis" in above equation comes after feasibility study? Saving Changes...
Carlos TessoreDr.| RManagementMontevideo, Montevideo, Uruguay
From my experience the business case, should come first, it is the problem, the need or the opportunity that one want to address, then comes the feasibility study to determine if the proposal can be transformed into a project.
The feasibility study analyzes the different alternatives of transforming the business case into a solution to be implemented through a project. Saving Changes...
first i appreciate all your comments i think business case come first then feasibility study. Business Case explain the reason why a project was chosen. Feasibility Study is Methods and Techniques for determining Economics cost, expected return and probability of success. so, business case formulate the ideas or concept, once done the feasibility study answer: is it feasible, and can we deliver what is promised. Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
It really depends on your gating process. You may need to do a business case to get the funding for the feasibility study.
The result of the feasibility study may lead you into a new business case to invest in a particular solution.
