Project Initiation and Feasibility: Business Case, Scope Statement, Charter and Stakeholder Analysis Questions

Question 1

Define project initiation.

Accepted Answer

**Project initiation** is the phase where the project is defined at a high level and formally authorized.

Question 2

What is a business case?

Accepted Answer

A **business case** justifies a project by comparing expected **benefits** with **costs** and strategic need.

Question 3

What is feasibility study?

Accepted Answer

A **feasibility study** checks if a project is practical and viable before starting.

Question 4

What is a project charter?

Accepted Answer

A **project charter** formally authorizes the project and gives PM authority.

Question 5

What is scope statement?

Accepted Answer

A **scope statement** defines project boundaries—what is included and excluded.

Question 6

What is power–interest grid used for?

Accepted Answer

To prioritize stakeholders based on **power** and **interest** for engagement planning.

Question 7

Explain the purpose of project initiation.

Accepted Answer

Project initiation clarifies the need and objectives, checks feasibility, identifies key stakeholders, and produces authorization (charter) to proceed. It reduces later rework by setting clear direction.

Question 8

Explain business case and mention any three contents.

Accepted Answer

A business case justifies the project. Contents (any three): problem/opportunity, objectives/benefits, cost estimate, options and recommendation, risks/assumptions, high-level timeline. It supports approval decisions.

Question 9

Explain feasibility study and list TELOS.

Accepted Answer

Feasibility study checks if the project is practical. TELOS: **Technical**, **Economic**, **Legal**, **Operational**, **Schedule** feasibility. It helps decide proceed/modify/stop.

Question 10

Explain project charter and state its importance.

Accepted Answer

A project charter formally authorizes the project, states high-level objectives/scope, identifies key stakeholders, and assigns PM authority. It is important because it officially starts the project and provides sponsor support.

Question 11

Explain scope statement and how it prevents scope creep.

Accepted Answer

Scope statement defines deliverables, boundaries (in-scope/out-of-scope), assumptions and constraints. By clearly stating what will and will not be done, it controls changes and prevents uncontrolled scope creep.

Question 12

Explain stakeholder analysis and the power–interest categories.

Accepted Answer

Stakeholder analysis identifies stakeholders and plans engagement. Power–interest grid categories: manage closely (high/high), keep satisfied (high/low), keep informed (low/high), monitor (low/low).

Question 13

Explain business case and its importance with a flow/table.

Accepted Answer

### **Explain business case and its importance**

A **business case** is a document that explains **why** a project should be undertaken and justifies the investment.

**Contents (key points)**:
- problem/opportunity and objectives
- expected **benefits** (value) and **costs**
- solution options and recommended option
- risks, assumptions, and constraints
- high-level schedule and expected ROI/payback (basic)

| Item | What it answers |
|---|---|
| Benefits | what value will we get? |
| Costs | what will it take? |
| Risks | what could go wrong? |
| Recommendation | should we proceed? |

```text
Need → Options → Cost/Benefit → Recommendation → Approval
```

Thus business case supports decision-making and ensures strategic alignment.

Question 14

Explain feasibility study (TELOS) with a table.

Accepted Answer

### **Explain feasibility study (TELOS) with a table**

A **feasibility study** checks whether a project is practical and viable before major investment.

TELOS types:
- **Technical**: do we have technology/skills?
- **Economic**: is it financially worth it?
- **Legal**: is it compliant with laws/contracts?
- **Operational**: will it work in practice and be accepted?
- **Schedule**: can it be completed on time?

| Feasibility | Key question |
|---|---|
| Technical | can we build it? |
| Economic | is it worth it? |
| Legal | is it allowed? |
| Operational | will it work & be accepted? |
| Schedule | can we finish on time? |

Therefore feasibility helps reduce failure risk by validating the project early.

Question 15

Explain stakeholder analysis using power–interest grid with diagram/table.

Accepted Answer

### **Explain stakeholder analysis using power–interest grid (with diagram)**

**Stakeholder analysis** identifies stakeholders and plans how to engage them.

Steps:
1) identify stakeholders
2) assess **power/influence** and **interest**
3) plan communication strategy

Power–interest grid:
- high power/high interest → **manage closely**
- high power/low interest → **keep satisfied**
- low power/high interest → **keep informed**
- low power/low interest → **monitor**

```text
High power
  |  Manage closely  |  Keep satisfied
  |------------------|----------------
  |  Keep informed   |  Monitor
  +---------------------------------> High interest
```

Thus, the grid helps prioritize effort and reduce stakeholder resistance.

Project Initiation and Feasibility: Business Case, Scope Statement, Charter and Stakeholder Analysis

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