Question
Which of the following are the likely reasons to examine
several alternative solutions during feasibility analysis? A. it is always good to examine alternatives B. a comparison of alternatives will lead to a cost-effective solution C. a pre-conceived single solution may turn out to be unimplementable D. management normally looks at alternativesSolution
A feasibility analysis is a study that assesses the viability of a project or business idea. It helps determine if a project is practical and worth pursuing. It evaluates a project's practicality such as ensuring a project is legally, technically feasible, and economically justifiable. Examining alternatives is an exploratory phase of a feasibility study that involves looking at different ways to achieve the study's objectives. It helps to reduce costs by narrowing down the options, identifying a valid reason to undertake the project, enhances the success rate by evaluating multiple parameters
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