PRINCE2 2009 - Tailoring PRINCE2 part 38
of the Cabinet Office under delegated authority from the Controller of HMSO.
Tailoring PRINCE2 to the project environment
Project type
The feasibility project© Crown copyright 2005 Reproduced under licence from OGC
In some situations, a feasibility study might be required to investigate the situation and determine options for the way ahead.
Using PRINCE2®, one approach would be to handle the study as a separate and distinct project.
The diagram shows the (relatively) simple lifecycle for a feasibility study project.
It has one Project Plan, one Business Case, one set of risks and one project product - the recommendation.
The possible options may each vary enormously in their costs and timescales.
Each option would have a different Project Plan, Business Case and set of risks, but at the end of the feasibility study project there is one recommendation.
If feasibility is treated as a project in its own right, then it is important to recognize that the output is only an option, i.e. the option as to whether to proceed or not.
Success should not be judged on whether the idea is feasible but on the ability to make a reliable decision based on the analysis undertaken.
Policy projects are similar to feasibility projects in that the output has no direct value.
It is the subsequent implementation of the policy that generates value.
As policy projects create products, PRINCE2 is an ideal method to apply.
However, a key consideration is the nature of the Business Case.
The justification for a policy project may be valid, but it is still important to ensure that the investment in the project provides value for money.
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