What is project viability?
The rationale for the project is set out in the business case which will be expressed in terms of a set of benefits which contribute towards strategic goal(s). The project framework and planning should be written to ensure that achievement of those benefits is maximised. Many things can affect project viability • Cost overruns. If the project is based on a rate of return on capital invested, then an increase in project costs can eliminate this • Time overruns. Some projects have to be delivered within a certain time frame to deliver benefits. Extending time may completely eliminate the benefits. • Changes to specifications and scope. As projects progress changes to the plan or even the scope will inevitably be requested. These need to be carefully assessed against the continued ability to deliver the benefits. • Quality problems. It may become clear during the project life cycle that the original quality expectations cannot be met. This can have an impact on the acceptability and hence
