What is the goal of project feasibility analysis?

The goal of project feasibility analysis is to determine if a project is viable financially and within the defined scope. This involves evaluating various aspects such as cost estimates, funding sources, potential return on investment, and alignment with project goals. By analyzing these factors, stakeholders can assess whether the project is practical and worth pursuing before committing significant resources.

Assessing financial viability is crucial, as a project may have excellent design options or stakeholder support, but if it is not feasible from a financial standpoint, it may not be sustainable in the long run. Similarly, understanding the project's scope ensures that all pertinent aspects are covered to avoid issues during execution. This comprehensive analysis leads to informed decision-making regarding project planning and execution.

The other options pertain to more specific areas involved in project management. While finalizing design options, evaluating stakeholder preferences, or assessing potential construction delays are important, they are not the primary focus of feasibility analysis itself. Instead, these aspects may emerge as part of the broader planning and execution strategy after feasibility has been confirmed.