Feasibility Assessment Framework (FAF): A Systematic and Objective Approach for Assessing the Viability of a Project
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Date
2021
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Procedia Computer Science
Abstract
The objective of this article is to discuss the Feasibility Analysis Framework (FAF) as an effective approach to conducting a
feasibility study for producing a robust project proposal. The approach is based on key information provided in a project business
case developed using the Project Domain Framework (PDF). The PDF is as an alternative model in project management that
systematically and logically facilitates the writing of a business case at the project initiation phase. To complement the
development of a proposal the FAF has been developed to systematically and objectively produce an effective feasibility study.
The FAF is a six step framework, developed using action research strategy that involved over 20 client assignments for a period
of five years. The article discusses its concepts and application using a simple but practical real case study. Using the case study
it demonstrates how project alternatives and options may be generated, objectively analyzed using weighted the TELOS criteria
to confirm the viability of the project by determining whether it will overcome legal, technical, economic and operational
requirements in a desired time limit. The process culminates in the accept or reject recommendation
Description
Keywords
Feasibility study, Business case, Project viability, Project initiation, TELOS
Citation
Ssegawa, J. K., & Muzinda, M. (2021). Feasibility Assessment Framework (FAF): A Systematic and Objective Approach for Assessing the Viability of a Project. Procedia Computer Science, 181, 377-385. 10.1016/j.procs.2021.01.180