Feasibility Check
Technical Ability
Consider whether our company's existing resources are sufficient to meet the project's needs.
People
Do we have the talent required to plan, design, construct, safeguard, commission, operate, maintain, and decommission a production process?
Technology
Do we understand the technologies required to plan, design, construct, commission, and decommission a production process?
Materials
Do have access to the quantity of materials required for this project?
Logistics
Would this project introduce logistical challenges within our company or with our logistics suppliers?
Financial
Consider the cost/benefit and whether we have the financial strength to fund this project.
Forecast
What are the major cost items. (i.e., On a 4-Box chart, plot budgetary milestones.)
Compliance
Consider the legal issues and implications.
Compliance
What are the major compliance requirements?
Legal Readiness
Is our legal team prepared for the potential legal implications this project may introduce?
Stakeholder Impact
How will this project affect our current contracts and our stakeholders' contracts?
Risk
Consider how the project can change the company's exposure over time.
Avoidance
How can we avoid the risks altogether?
Reduction
How can we reduce the probability or severity of the risks?
Acceptance
Do we have the authority to, and should we, accept the residual risk?
Operational Implications
Consider how the project will impact operations.
Scalability
How will this project enable your company to scale and meet demand?
Performance Implications
How will this project impact the company's operating performance?
Customer Experience
How will this project impact customer touchpoints and their experiences?
Timeliness
Consider whether the timing is right.
Integration
How will the timing of this project impact milestones of other initiatives, and how will it compete for resources of other initiatives?
Window of Opportunity
Are any internal or external factors driving this project's start date, pace, or end date?
Schedule Strategy
How do changes in the scheduling strategy (e.g., CPM, PERT, Fast-tracking, Crash, Gantt) impact the cost/benefit of this project?