Correct option is A
An
improper feasibility report is an
internal constraint in project implementation because it affects the
planning, execution, and success of the project. A
feasibility report assesses the
technical, financial, and operational viability of a project. If the report is inaccurate or incomplete, it can lead to
misallocation of resources, unrealistic timelines, and financial losses, ultimately causing project failure.
Information Booster:
· A
proper feasibility report ensures that all project aspects—
market demand, technical requirements, cost estimates, and risk assessment—are thoroughly analyzed.
· Internal constraints originate
within the organization and can be controlled through better
planning, management, and decision-making.
Additional Knowledge:
·
Government Policy:
· An
external constraint as it involves
rules, regulations, and policies that businesses must follow.
· It affects taxation, environmental laws, and labor policies but is
beyond internal control.
·
Documents Desired by Financial Institutions:
· External, as financial institutions require
loan applications, business plans, and financial statements before providing funds.
· It depends on
banking regulations and lender requirements, making it an
external factor.
·
Licensing:
· An
external constraint as it involves
government permits and approvals required to operate legally.
· Examples include
business licenses, health permits, and environmental clearances.