Ace the CAPM Adventure 2025 – Your Project Management Power-Up!

During the concept phase of a project, the focus is on defining the project at a high level and determining its feasibility. This is where the initial idea is explored to ascertain if it should be pursued further. Feasibility studies, cost forecasts, and a project charter are the key deliverables of the concept phase. Feasibility studies help assess the practicality of the project, cost forecasts provide insights into expected expenses, and the project charter defines the project's scope, objectives, and stakeholders. These deliverables are essential for making informed decisions on whether to proceed to the next phase of the project or not.

The other options are not the deliverables of the concept phase:

A. Project Plan is typically developed in later phases of the project after the concept phase.

C. Execution Results are outcomes of the project execution phase, not the concept phase.

D. Scope Statement is generally developed in the planning phase of the project after the concept phase.