explain Feasibility, Profitability, and Risk?
explain Feasibility, Profitability, and Risk?
It is the process where all the relevant factors of a project are taken into consideration and analyzes to decide whether it is worthwhile to take up the project. The technological, legal, economic, scheduling decisions all are analyzed to know if there is a likelihood of completing a project successfully. It also helps the management to have a good idea of the possibility of completion before committing towards the project.
It is the ability of an organization to uses all of its resources to generate revenue against its expenses. It is the chance of generating profits for the organization. The revenues and expenses are the key features of a business. The revenues must be greater than expenses for the firm to generate profits so that they can carry out the daily operations.
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