Feasibility Study Lesson- Technical Plan


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This Lesson on Technical Plan is the Section 2 of the Part I- Feasibility Study/ Entrepreneurial Planning and Management Course intended for the Bachelor of Science in Business Administration and other Business Cluster. The lesson is good for 1.5 hours classroom lecture and discussion with inclusion of workshop to introduce knowledge and skills based research integration in classroom.

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Feasibility Study Lesson- Technical Plan

  1. 1. Objectives  Define Production and discuss its nature.  List the elements of production process and explain each  Illustrate how a technical plan look like  Analyze the example given and reflect on the processes involved  Draw your own production processes and technical plan  Write an explanation to your technical plan concept
  2. 2. What do you see in this image? How many steps did each process take?
  3. 3. Explanation:  There are four processes in the image: Procurement, Production, Packaging, and Distribution  In the Procurement Process, there are 4 steps: Listing of Orders, Inventory Control, Pay COD/ Terms, and Storage  In Production Process, there are ten steps in the process: Cutting, Boiling H2O, Squeezing, Draining, Boiling of Ingredient, Draining of Ingredient, Mixing, Boiling the Mix, Cold Storage, and Compute Volume of Finished product.
  4. 4. Explanation  In the Packaging Process there are 4 steps involved: Bottling, Branding, Equating Volume, and Final Packaging  In the Distribution Process the following steps are involved: Confirming of Orders, Computing the Direct Cost with Voucher  Contracting with the Buyer on the conditions of payment.  Possible markets were also identified based from the previous market test conducted.
  5. 5. What do you see in this image? How many steps did each process take?
  6. 6. Production and its Nature1. Concerns with the creation of goods and services undertaken in big or small scale 2. Creation encompasses modification and assembly of goods already in existence 3. May also include the repair and servicing of goods in a service marketing course 4. Fabrication of a physical object thru the use of men, materials and machines Elements of Production System 1. Men 2. Materials 3. Machines 4. Processes 5. Information Network
  7. 7. Explanation 1. Men are the sources of labour 2. Materials consist of raw and assembly of goods already in existence that are needed in the production of another goods. May also include the repair and servicing of goods 3. Machines are the tools of production; the processes are the nature of all the activities from procurement to distribution of the finished product. 4. Fabrication of a physical product thru the use of men, materials and machines need information network in order to fully managed and supervised the steps and activities in the processes called the Technical Plan.
  8. 8.  Transformation Process consists of Input- Process- Output; 1. Inputs are materials of various kinds in varying quantities and states of completion 2. Activities may effect mechanical or man controlled, continuous or intermittent; or involved job order, serialized, batched type or mass production 3. The movement of material inputs thru the process to become outputs is accomplished by a flow network called the material handling. This network begins with receipt of materials and ends with shipment of finished goods.
  9. 9. Let us reflect on the Example
  10. 10. LET US DRAW & WRITE Direction Make a summary of your Technical flow plan and draw a concept using your written parts and processes. Assignment: 1. Start encoding the requirements for Mid Term and Pre Finals and send to atiram40@yahoo.com- Deadline for Mid Term Grade Sept 12, 2013 coverage of Marketing Plan and Technical Plan Deadline for qualified Exemption September 14, 2013 Coverage of Marketing Plan, Technical Plan and organization and Management Plan 2. Be ready for an activity next meeting. Using the time allotted in each of your steps in processes, will be utilized in the application of CPM process evaluation.
  11. 11. Assignment  Study our next lesson on Critical Path Method, and Critical Path Analysis  Answer the following questions 1. Define CPM, CPA 2. What does CPM figure out? 3. Why is CPM needed and important? 4. How do we do it to help management decide? 5. Will there be needed action for the management  to make when CPA is done?