i. Feasibility Study: A feasibility study is an evaluation and analysis of the potential of a proposed project or system, to determine if it is technically feasible, economically viable, and operationally workable within the organization. It assesses the strengths and weaknesses of the project, as well as the opportunities and threats in the environment.

ii. Functions of a Steering Committee:

1. Project Oversight:
   • Provides overall guidance and direction for the project, ensuring it aligns with organizational goals and objectives.
2. Resource Allocation:
   • Ensures that necessary resources, such as personnel, budget, and time, are allocated to the project as needed.
3. Risk Management:
   • Identifies potential risks and implements measures to mitigate them, ensuring project continuity and success.
4. Decision Making:
   • Makes key decisions regarding project scope, priorities, and changes, based on input from project stakeholders.
5. Stakeholder Communication:
   • Facilitates communication between the project team, management, and other stakeholders to keep everyone informed and aligned.

iii. Uses of Feasibility Study Report:

1. Decision Making:
   • Provides a basis for deciding whether to proceed with the project, make modifications, or abandon it.
2. Project Planning:
   • Helps in outlining the project plan, including timelines, resources, and key milestones.
3. Risk Assessment:
   • Identifies potential risks and challenges, allowing for the development of mitigation strategies.
4. Resource Justification:
   • Justifies the allocation of resources by providing a detailed analysis of project requirements and expected benefits.