Question 1[44] 1.1 Project feasibility, selection and institution are fundamental aspects of the project management process. Below are types of feasibility that need to be matched with the required criteria. Write only the letter of the feasibility and the number of the matching criterion. (9) Example: 1. E Feasibility Type: 1. Financial assessment 2. Risk 3. Options 4. Technical Criteria: A. The upgrade of the existing nuclear plant at Melkbosstrand B. Have all the requirements to successfully deliver the project, such as technology, labour, location etc. been considered? C. Possible decrease in the chocolate line production D. Relocation of the Breyten community in Mpumalanga province for the construction of a new dam in the Komati River E. The need the project addresses must be aligned to the company's strategic objectives. F. Pre-feasibility A & Pre-feasibility B studies 5. Output and demand 6. Social & environmental 7. Legal 8. Institutional capacity 9. Needs assessment G. Budget expected cost and return of various options H. Issue Section 189 for restructuring an organisation I. An event that increases the organisation's investment cost 1.2 Company ABS Marketing needs to generate new business by developing a new product that will offer value to their clients. Based on an idea from the marketing manager, they develop a business plan. To determine the profit that the company generates they conduct a cost analysis. Based on the CEO's market experience and the cost analysis, they decide that the idea is worthwhile and profitable. The company develops the product, which takes six months to launch. The CEO is impressed with how things are going and can already see how successful the new product will be. After three months the CEO asks for sales feedback on the new product and makes an astounding discovery. Nobody is buying their product. The CEO calls you as a project manager with vast experience in feasibility studies. He requires you to launch an investigation to find out what happened and where it went wrong. . You realise that the opposition have been selling the same product for the last seven years at half of ABS Marketing's price. Provide feedback to the CEO on the following: what steps they should have followed, from pre-feasibility into feasibility, before the decision was made to launch the product the importance of conducting a feasibility study the elements associated with a feasibility study (35) Question 1[44] 1.1 Project feasibility, selection and institution are fundamental aspects of the project management process. Below are types of feasibility that need to be matched with the required criteria. Write only the letter of the feasibility and the number of the matching criterion. (9) Example: 1. E Feasibility Type: 1. Financial assessment 2. Risk 3. Options 4. Technical Criteria: A. The upgrade of the existing nuclear plant at Melkbosstrand B. Have all the requirements to successfully deliver the project, such as technology, labour, location etc. been considered? C. Possible decrease in the chocolate line production D. Relocation of the Breyten community in Mpumalanga province for the construction of a new dam in the Komati River E. The need the project addresses must be aligned to the company's strategic objectives. F. Pre-feasibility A & Pre-feasibility B studies 5. Output and demand 6. Social & environmental 7. Legal 8. Institutional capacity 9. Needs assessment G. Budget expected cost and return of various options H. Issue Section 189 for restructuring an organisation I. An event that increases the organisation's investment cost 1.2 Company ABS Marketing needs to generate new business by developing a new product that will offer value to their clients. Based on an idea from the marketing manager, they develop a business plan. To determine the profit that the company generates they conduct a cost analysis. Based on the CEO's market experience and the cost analysis, they decide that the idea is worthwhile and profitable. The company develops the product, which takes six months to launch. The CEO is impressed with how things are going and can already see how successful the new product will be. After three months the CEO asks for sales feedback on the new product and makes an astounding discovery. Nobody is buying their product. The CEO calls you as a project manager with vast experience in feasibility studies. He requires you to launch an investigation to find out what happened and where it went wrong. . You realise that the opposition have been selling the same product for the last seven years at half of ABS Marketing's price. Provide feedback to the CEO on the following: what steps they should have followed, from pre-feasibility into feasibility, before the decision was made to launch the product the importance of conducting a feasibility study the elements associated with a feasibility study (35)