In alphabetical order


False concensus
‘The false-consensus effect is a cognitive bias that causes people to overestimate the likelihood that others think and act in the same way that they do. For example, the false consensus effect could cause extremists to assume that their views are shared by a large portion of the population, in situations where that’s not the case. Since this bias can influence people’s thoughts and actions in various domains, it is important to understand it’ (Effectiviology, 2020, para.1-3).


Feasibility study

‘A feasibility study is an analysis that takes all of a project's relevant factors into account—including economic, technical, legal, and scheduling considerations—to ascertain the likelihood of completing the project successfully. Project managers use feasibility studies to discern the pros and cons of undertaking a project before they invest a lot of time and money into it. Feasibility studies also can provide a company's management with crucial information that could prevent the company from entering blindly into risky businesses.’ (Kenton, 2019a)


Financial viability

‘Financial viability is the ability to generate sufficient income to meet operating payments, debt commitments and, where applicable, to allow growth while maintaining service levels.’ (The Registrar of Community Housing, 2010, p.2)


Foreign direct investment

‘Foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires foreign business assets, including establishing ownership or controlling interest in a foreign company. Foreign direct investments are distinguished from portfolio investments in which an investor merely purchases equities of foreign-based companies.’ (Chen, 2019)


Functional rationality
Functional rationality is ‘the rationality that has been central to planning-theory discourse and relates to how stages in the planning process and the deployment of resources lead in a logical, causal way to the desired goal. Functional rationality is often related to positivist knowledge acquisition and the related deductive approach’ (De Roo, 2017, p.36).

Reference List

Chen, J. (2019). Foreign Direct Investment (FDI). In Investopedia. Retrieved from

De Roo, G. (2017). Environmental Planning in the Netherlands: Too Good to be True. London, UK: Routledge. Retrieved from

Effectiviology. (2020). The False Consensus Effect: Why People Assume that Everyone Agrees with Them. Retrieved from

Kenton, W. (2019a). Feasibility Study. In Investopedia. Retrieved from

The Registrar of Community Housing. (2010). Chapter 5: Financial Viability. Retrieved from