What is the outcome of a feasibility study in terms of project portfolio?

The outcome of a feasibility study primarily focuses on evaluating a project's potential for success, which involves a detailed analysis of its costs, benefits, and risks. By comparing these factors, stakeholders can assess whether the project is viable and make informed decisions about whether to proceed, modify, or abandon the initiative.

This comparison provides critical insights into the financial implications and the expected return on investment, as well as identifying potential risks that could impact the project's success. This level of analysis ensures that resources are allocated effectively and that projects selected for the portfolio are aligned with organizational goals and capabilities.

The other options relate to different aspects of project management but do not encompass the broader evaluative function of the feasibility study. Prioritizing tasks based on deadlines, for instance, is more focused on project execution rather than determining project viability. Documenting training requirements pertains to project implementation and operational readiness, while deciding on software tools is typically part of the planning phase following confirmation of project feasibility.