Which of the following is an outcome of conducting a feasibility study?

Prepare for the ETM 1060 Exam. Study with multiple choice questions, flashcards, and explanations. Master the Product Realization Fundamentals and ace your test!

Conducting a feasibility study primarily focuses on evaluating the viability of a project or product concept before significant resources are committed. One of the key outcomes of this study is identifying whether to proceed with the development of the product. This evaluation encompasses various factors such as technical feasibility, market demand, economic viability, and operational considerations.

By thoroughly assessing these aspects, the feasibility study provides essential insights that help stakeholders decide if moving forward is a worthwhile investment. This decision point is crucial, as it can save time and resources by avoiding projects that are unlikely to succeed or meet objectives.

Although determining the user interface design, establishing a timeline for product launch, and finalizing manufacturing processes are important steps in the product development process, these activities typically occur after a feasible option has been recognized and approved for development.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy