Introduction to the Financial Feasibility Assessment While the Technical Feasibility Assessment asks “Can we build it?”, the Financial Feasibility Assessment asks “Should we build it?” and, more importantly, “Will we make money if we do?” This document is the cornerstone of the Business Case. In the private sector, the primary purpose of almost every project…
Introduction to the Technical Feasibility Assessment In the modern business landscape, almost every project is a technology project. Whether you are launching a marketing campaign, building a warehouse, or restructuring HR, there is inevitably a software, hardware, or data component involved. The Technical Feasibility Assessment (TFA) is the document that determines whether the organization has…
Introduction to the Project Feasibility Study Before a project is initiated, budgeted, or planned, a fundamental question must be answered: Can we actually do this? Many projects fail not because of poor execution, but because they were doomed from the start. They relied on technology that did not exist, assumed a budget that was fantasy,…
Introduction to the Operational Expenditure (OPEX) Estimate If Capital Expenditure (CAPEX) is the engine of a car, Operational Expenditure (OPEX) is the fuel, the oil, the insurance, and the repairs required to keep that car moving. In project management, OPEX represents the ongoing cost of doing business. Unlike CAPEX, which involves purchasing major assets that…
Introduction to the Capital Expenditure (CAPEX) Request In the realm of project management and corporate finance, not all money is created equal. There is a distinct and rigid line drawn between Operational Expenditure (OPEX) and Capital Expenditure (CAPEX). While OPEX represents the day-to-day costs of running a business (like electricity, rent, and salaries), CAPEX represents…
Introduction to the Funding Request Document The Funding Request Document is the pivotal bridge between planning and execution. While the Cost Estimate (Template 25) calculates how much money is needed, the Funding Request is the formal persuasive instrument used to actually secure that money. It is, in essence, an internal investment pitch. Enjoy this Funding…
Introduction to the Initial Cost Estimate Moving beyond the Rough Order of Magnitude (ROM), we arrive at the Initial Cost Estimate. While the ROM was a strategic guess used to justify starting the project, the Initial Cost Estimate is a tactical tool used to fund the project. This document typically aligns with the “Budget Estimate”…
Introduction to the Rough Order of Magnitude (ROM) Estimate In the lifecycle of every project, there comes a moment when a stakeholder asks the most dangerous question a Project Manager can face: “So, how much is this going to cost?” This question is dangerous because, at the very beginning of a project (the Initiation or…
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