CAPM Business Analysis Frameworks Practice Question
A business analyst is conducting a feasibility study for a new project. Which TWO areas are typically assessed?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Market Feasibility
Standard areas in a feasibility study include technical and market feasibility. Scope, time, and quality are project management constraints typically addressed in later phases.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Scope Feasibility
Why it's wrong here
Scope is defined after feasibility, not a standard area.
- ✗
Time Feasibility
Why it's wrong here
Time feasibility is considered in scheduling, not typically part of feasibility study.
- ✓
Market Feasibility
Why this is correct
Correct: Evaluates if there is a market for the product.
- ✓
Technical Feasibility
Why this is correct
Correct: Assesses if technology and skills are available.
- ✗
Quality Feasibility
Why it's wrong here
Quality is addressed in quality management, not feasibility.
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