What component must be in place before a project is defined and planned?

The feasibility study is essential before defining and planning a project because it evaluates the project's viability. Conducting a feasibility study helps to assess whether the project is worthwhile and achievable based on various factors such as technical resources, financial requirements, legal considerations, time constraints, and overall alignment with organizational goals.

The study involves analyzing both the potential benefits and risks associated with the project, allowing stakeholders to make informed decisions about whether to proceed. It sets the foundation for project planning by identifying necessary resources, timelines, and potential obstacles. By confirming the project's feasibility, it allows for a more focused and structured approach during the definition and planning stages, increasing the likelihood of project success.

The other options, while potentially important aspects of project management, follow after the feasibility study has established that the project is viable.