As the discipline of project management intensively develops and today serves the key to business success, more and more organizations realize that extended knowledge of this discipline impacts their bottom line and exposes improvement areas in cost accounting and performance analysis. Companies use project performance analysis to discover and fix financial problems early, accurately account for business costs, and explore better ways to improve staff productivity. Project KPIs and metrics are used as the basis for effective business decision making. In order to succeed, each manager needs to use a project KPI library that makes performance analysis easier.
As a rule, the process of researching and analyzing the activities of a project for possible gaps in business requirements and inefficiencies in solution delivery is carried out by a professional (or an expert group) appointed to the role of business analyst. This professional contributes to solving the solution design and implementation issues in project management by providing expert advice, guidance and leadership to the project manager, team and other stakeholders. The business analyst takes ultimate responsibility for identify and solving problems affecting the business solution, and works closely with the project manager to analyze the existing business systems and make recommendations for improvement.
The Project Risk Analysis Guide provides only general recommendations regarding the processes involved in project risk analysis. It presents a simple yet practical approach to help project managers, analysts and other personnel in getting started with identifying and managing risks affecting their projects. The Guide does not provide a definitive explanation of all the methods, techniques and tools that can be utilized in complete risk analysis and management. But this document highlights an approach that covers the basics for implementing an effective risk analysis. This approach can be used in most projects for analyzing and responding to most types of risk.
This Feasibility Study Template gives decision makers responsible for undertaking a feasibility analysis a starting point for developing a complete and comprehensive document. The template provides a table of contents outlining what sections and sub-sections should be included in a feasibility study. It is available for free download. You can use this Feasibility Study Template to minimize document preparation pressures and develop a standard feasibility study document for use in the organization.
When you have a project for evaluation and proposal, first you must make sure that you have reviewed and analyzed all adequate alternatives or options to the project. By reading this Project Feasibility and Option Analysis Template you will find out how to identify options, evaluate them for feasibility and select the best one for your project design.