Feasibility assessment (new) FEAS

(new)

Defining, evaluating and describing business change options for financial, technical and business feasibility, and strategic alignment.

Guidance notes

(new)

Activities may include -  but are not limited to…

  • generating and defining options
  • ensuring options align with the organisation’s vision, mission, objectives, strategy and tactics
  • engaging with relevant stakeholders and specialists
  • evaluating options for financial, technical and business feasibility

Feasibility assessment is multi-dimensional. Options for change must be evaluated from several dimensions including - but not limited to - financial, technical, organisational capability and culture, strategic context, economic and/or commercial environment.

Feasibility assessment typically results in a documented business case that is used to support organisational decision making about proposed investments. This skill is focused on the generation, analysis and documentation of investment options.

    Feasibility assessment (new): Level 6

    (new)

    Establishes an organisational framework and standards for feasibility assessment and business case development. Directs and leads feasibility assessments for initiatives that will have a significant impact on the organisation. Engages with senior stakeholders to clarify the strategic context for investment options. Directs and leads the selection of feasibility assessment approaches and techniques that are relevant to the business situation and options. Presents feasibility assessments and business cases to senior stakeholders and supports decision making regarding investment options.

    Feasibility assessment (new): Level 5

    (new)

    Manages investigative work to enable feasibility assessments. Collaborates with stakeholders and specialists to get information required for feasibility assessment. Advises on the selection of feasibility assessment approaches and techniques relevant to the business situation and options. Prepares business cases, including cost/benefit, impact and risk analysis for each option.

    Feasibility assessment (new): Level 4

    (new)

    Identifies the range of possible options. Undertakes short-listing of options and feasibility assessment. Selects relevant feasibility assessment approaches and techniques. Engages with internal and external stakeholders to get information required for feasibility assessment. Supports preparation of business cases including cost/benefit, impact and risk analysis for each option.

    Feasibility assessment (new): Level 3

    (new)

    Supports option identification. Selects and employs appropriate techniques to get information required for feasibility assessment. Supports measurement of tangible costs and benefits, and development of business cases.