Zephyr Professional Practice Test 2025 – The All-in-One Guide to Exam Success!

The purpose of a feasibility study in project management is to evaluate the practicality and potential success of a proposed project. This type of study involves a comprehensive analysis of various factors, including technical, economic, legal, operational, and scheduling aspects. By assessing these elements, stakeholders can determine whether the project is viable and worth pursuing before committing resources.

Conducting a feasibility study is essential because it helps identify potential challenges and risks, ensuring that the project aligns with strategic goals and available resources. This proactive evaluation minimizes the likelihood of project failure and informs decision-making regarding whether to proceed, modify, or abandon the project.

The other options, while relevant in the context of project management, do not capture the primary aim of a feasibility study. For example, assessing potential profitability is just one component of the broader feasibility analysis. Developing a communication plan and creating a final project report are specific tasks that occur after the project is deemed feasible, not part of the initial feasibility assessment process.