feasibility phase seeks to generate a final decision on the project and the detailed definition of the technical aspects as well as the schedule of activities. In this phase, the designer needs to deepen the analysis of the best alternative, using the primary information was collected for various studies of the project.
Based on the results of these studies, interdisciplinary group of design and evaluation determines the feasibility of the selected alternative in all its aspects. At this late stage, the rejection of a project should be the exception rather than the rule, provided early cycle have been fully met.
If necessary, it could recommend the rescheduling of investments or the downsizing of the project, subject to the review of possible changes in benefits and costs quantified and unquantified. It could recommend the disaster of the selected alternative and gap review options have been discussed in the pre - feasibility.
Once defined the results it can proceed with the development of the evaluation report will be submitted to the investor. As you can appreciate the work of the evaluation in the design and preparation stage is based on projection of activities, costs and expected accomplishments and, therefore, is often called "ex - ante."
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