DEFINITION OF FEASIBLE PROJECT

In the first place, before entering into the establishment of the meaning of the term feasible project, what we must do is determine the etymological origin of the two words that shape it:

  • Project derives from Latin, specifically from “proiectus” which, in turn, emanates from the verb “proicere”.
  • Factible, on the other hand, is the result of the evolution of the Latin word “feasibilis”, which can be translated as “can be done”. It should be noted that it is the result of adding the noun “factum” (fact) and the suffix “-ible”, which is used to indicate possibility.

In the first place, before entering into the establishment of the meaning of the term feasible project, what we must do is determine the etymological origin of the two words that shape it:

  • Project derives from Latin, specifically from “proiectus” which, in turn, emanates from the verb “proicere”.
  • Factible, on the other hand, is the result of the evolution of the Latin word “feasibilis”, which can be translated as “can be done”. It should be noted that it is the result of adding the noun “factum” (fact) and the suffix “-ible”, which is used to indicate possibility.

Feasible project

A project is composed of diverse actions and ideas that interrelate and are carried out in a coordinated way with the objective of reaching a goal. Feasible, on the other hand, is what is capable of realization or concretion.

The notion of a feasible project refers to those proposals that, due to their characteristics, can materialize to provide solutions to certain problems. This means that feasible projects are viable and can satisfy a specific need, detected after an analysis.

Within the scope of research, we can establish that these are the pillars on which any feasible project is based:

  • Its purpose is simply to propose a concrete solution to an existing practical problem.
  • To be able to develop, must revolve around three types of objectives: processes, activities and action.
  • The content of any such project must be made up of the following points within its structure: approach to the problem, clearly stated objectives, justification, the reference framework in question, the diagnosis, the feasibility, the proposal itself, the recommendations and references used.

Suppose that, in the framework of an investigation, the existence of a problem is noticed. A feasible project will be one that, based on a solid base arising from the research itself, offers a possible solution that can be implemented as, due to its characteristics, it is accessible.

For the development of a feasible project, a diagnosis of a certain situation needs to be made. Once this is done, a theoretical support will allow the proposal to be carried out. At this point, it is also necessary to establish what resources will be needed and what methodology will be used.

Specifically, when it comes to being able to design what is a feasible project, it must be done by steps, developing it by answering the following questions:

  1. What to do?
  2. Why carry it out?
  3. Why is it necessary to undertake it?
  4. How to do it?
  5. Where do you do it?
  6. What is your reach?
  7. When will it be done?
  8. Who will undertake it?
  9. What resources and means will be used?
  10. What will happen next?
  11. What are the limitations?

In general, beyond the feasibility of the project in question, its viability is also analyzed from the economic point of view. There are projects that may be technically feasible, but not financially viable.

For example: if a school is usually flooded because there are leaks, a feasible project to solve the problem would be to repair and waterproof the roof. On the other hand, a project that contemplates demolishing the current building and building a new one will not be feasible since, although in theory it could be carried out, it is not logical or convenient.