Exam CISA topic 1 question 1176 discussion

A. Feasibility study

EVA is for monitoring and controlling a project, which is already running. Here, the question is about how to determine whether to start a project or not! Hence A.

To evaluate an IT development project before an investment is committed, a feasibility study is typically conducted. A feasibility study assesses the viability, practicality, and potential success of a proposed project before resources are allocated and investments are made. The feasibility study examines various aspects, including technical feasibility, economic viability, legal and regulatory considerations, operational feasibility, and scheduling feasibility. It helps decision-makers determine whether the proposed IT project is worth pursuing and whether it aligns with organizational goals and objectives. A feasibility study is the most appropriate tool for evaluating an IT development project before committing to an investment.

A. Feasibility study A feasibility study is typically used to evaluate an IT development project before an investment is committed. This study assesses the practicality and viability of the project from various perspectives, including technical, economic, operational, and scheduling. It helps stakeholders determine whether the project is worth pursuing and if it aligns with the organization's strategic goals. The feasibility study can provide valuable insights into the potential risks, costs, and benefits associated with the project, helping decision-makers make informed investment decisions. While the other options (B, C, and D) are important techniques and methodologies used in IT project management and evaluation, they are typically applied at later stages of the project rather than during the initial evaluation and investment decision phase.

A should be the answer, do the feasibility study. this is a real world experience.

A:Feasibility Study