What is focisibility study in project study method for the manager to track and measure project progress ??

A feasibility study is a method used by project managers to assess the viability and potential success of a project. It involves analyzing various factors such as technical, economic, legal, operational, and scheduling aspects to determine if the project is feasible and worth pursuing.

The purpose of a feasibility study is to provide the project manager with a comprehensive understanding of the project's potential risks, benefits, and challenges. It helps in making informed decisions and developing strategies to mitigate risks and maximize project success.

In terms of tracking and measuring project progress, a feasibility study provides a baseline against which the project manager can compare actual progress. It helps in setting realistic goals and objectives, defining key performance indicators (KPIs), and establishing a framework for monitoring and evaluating project performance.

By regularly reviewing the feasibility study, the project manager can track the progress of the project and identify any deviations from the initial plan. This allows for timely adjustments and corrective actions to be taken to ensure the project stays on track and achieves its intended outcomes.

Overall, a feasibility study serves as a valuable tool for project managers to assess, track, and measure project progress, enabling them to make informed decisions and ensure project success.