What technique is commonly used to analyze the feasibility of a new project?

The correct technique commonly used to analyze the feasibility of a new project is cost-benefit analysis. This technique involves evaluating the economic viability of a project by comparing the anticipated costs against the expected benefits. It helps determine whether the project is worth pursuing by assessing the potential return on investment and identifying any financial risks.

Cost-benefit analysis provides a structured approach that allows stakeholders to make informed decisions based on quantitative data. It helps highlight not only the direct financial outcomes but also considers indirect benefits and costs that may arise during the project's lifecycle. This makes it an essential tool for project feasibility assessments.

While SWOT analysis, PEST analysis, and value analysis are also important tools in project and strategic planning, they serve different purposes. SWOT focuses on identifying strengths, weaknesses, opportunities, and threats related to a project, PEST examines external factors impacting the project's environment, and value analysis looks at the functions of products or services to improve value. Therefore, for feasibility specifically, cost-benefit analysis is the most appropriate technique.