Discuss about Project
The first step in a construction project’s life cycle is deciding whether or not a project is feasible and if it can realistically be completed. This means doing your meticulous research to determine if a project is worth pursuing. Two ways that managers can evaluate and determine this is through a feasibility study and/or business case document. A feasibility study looks at the goals, costs, and timeline of a project to determine if the project manager thinks they have enough resources to pursue the project. A business case document defines the reasoning for starting a new project and what the financial benefits will be. If after further research and discussion a project is found to pass these evaluation tests, the project will move on to create a project charter or Project Initiation Document (PID). On the contrary, if it is deemed unprofitable or unachievable, it will be dropped.