Question: Question 1 (12 marks) a) What is the difference between the process of a Project Feasibility Study and a Business Case? (2 marks) b) Briefly

Question 1 (12 marks) a) What is the difference between the process of a Project Feasibility Study and a Business Case? (2 marks) b) Briefly explain the key factors needed to be investigated when conducting the following Feasibility Components during a Project Feasibility Study of a new Engineering Project (4 marks) i. Technical Feasibility: ii. Operational Feasibility c) State four key factors, which could influence on the Investment Climate during a financial feasibility study? (2 marks) d) Briefly explain the step-by-step procedure of conducting a Cost-Benefit analysis and estimating the payback period of a Project during a Feasibility Study Analysis (4 marks)

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