Which assessment tool does ADB use to evaluate project feasibility?

The Project Technical Assessment is crucial for evaluating project feasibility within the Asian Development Bank (ADB) framework. This tool focuses on analyzing the technical aspects of a proposed project to determine whether it is viable and sustainable. It evaluates the requirements, technologies, infrastructure, and methodologies that will be employed in the project.

In a technical assessment, ADB examines whether the project aligns with its strategic objectives and reviews the engineering or technical designs to ensure they meet industry standards and are feasible given the project's context, including local conditions and available resources. This assessment helps identify any potential challenges or complications that could arise during implementation and ensures that the proposed solutions are feasible in a practical sense.

Other assessment tools, while important, serve different purposes. For instance, the Project Financial Review focuses on the economic viability and financial sustainability of the project, whereas the Project Risk Assessment evaluates potential risks and uncertainties that could impact project success. The Project Impact Survey measures the anticipated social or environmental outcomes after project completion. Each of these tools contributes valuable insights, but the Technical Assessment specifically addresses the feasibility from a technical standpoint, making it the appropriate response to the question regarding project feasibility evaluation by ADB.