A Pre-feasibility Study is conducted to obtain an overview of the problem and to roughly assess whether feasible solutions exists prior to committing substantial resources to a project, or even before spending a lot of money for the feasibility Study itself.
This is a Feasibility Study conducted by a group of students "The Incorporators" from Capitol University's Bachelor of Science In Business Administration major in Marketing Management and Human resource Management.
Note: This document is not available to download, sorry for the inconvenience.
This is the product proposal paper prepared by the students of Capitol University major in Marketing Management and Human Resource Management taking up Introduction to Entrepreneurship Feasibility Study paper.
A Pre-feasibility Study is conducted to obtain an overview of the problem and to roughly assess whether feasible solutions exists prior to committing substantial resources to a project, or even before spending a lot of money for the feasibility Study itself.
This is a Feasibility Study conducted by a group of students "The Incorporators" from Capitol University's Bachelor of Science In Business Administration major in Marketing Management and Human resource Management.
Note: This document is not available to download, sorry for the inconvenience.
This is the product proposal paper prepared by the students of Capitol University major in Marketing Management and Human Resource Management taking up Introduction to Entrepreneurship Feasibility Study paper.
A feasibility study is valuable for:
Starting a new business
Expansion of an existing business
Adding an enterprise to an existing business
Purchasing an existing business.
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.
I had the pleasure of mentoring the 2012 class of entrepreneurs at Founder Institute Chicago. Here is the presentation I delivered on "Market Research for Startups". The lesson provides high level guidance on: (i) what types of markets to pursue; (ii) how to find data on your market; (iii) how to define your competitors; (iv) how to cost-effectively do market research; and (v) how to determine if you can win, or if you should walk away. This lesson helps entrepreneurs with learning how to do the necessary market research upfront, before wasting a ton of money on a bad idea.
Here is a link to the matching video for the audio part of the presentation: http://redrocketvc.blogspot.com/2012/06/video-george-deeb-teaches-market.html.
For more lessons, read my 101 Startup Lessons on the Red Rocket website (www.RedRocketVC.com) or follow me on Twitter (www.twitter.com/georgedeeb).
BPP Training on Project Management - Day 1Imoh Etuk
This training was about exposing the employees of the Lagos State Public Service to the Contemporary Project Management Practices they can adopt to Enhance Project Delivery in the Pandemic Era for the Lagos State Public Service.
Upon successful completion of the training, participants s were to apply the generally recognized practices of project management acknowledged by the Project Management Institute (PMI) to successfully manage projects by:
• Getting started with project management fundamentals.
• Identifying organizational influences and project life cycle.
• Working with project management processes.
• Initiating a project.
• Planning a project.
• Planning for project time management.
• Planning project budget, quality, and communications.
• Planning for risk, procurements, and stakeholder management.
• Executing a project.
• Managing project work, scope, schedules, and cost.
• Controlling a project.
• Closing a project.
Software Project Management | An Overview of the Software Project ManagementAhsan Rahim
Management is the process of getting things done through others, it is the process of coordinating people & other resources to achieve the goals of the organization. A project is a set of related tasks that are coordinated to achieve a specific objective in a given time limit. A project is well-defined task, which is a collection of several operations done in order to achieve a goal. Software is the program & all associated documentation & configuration data which is needed to make these programs operate correctly.
A Software Project is the complete procedure of software development from requirement gathering to testing & maintenance, carried out according to the execution methodologies, in a specified period of time to achieve intended software product.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
3. Project planning
It is an act of formulating a program for a definite course of action; also a process of
drawing layouts for some project or enterprise. The following are the importances of project
plans;
• Use project plans to coordinate rather than to control.
• Make use of different personalities within the project
environment.
• Prescheduled frequent revisions to project plans.
• Empower workers to estimate their own work.
• Describe value-creating tasks rather than activities.
• Define specific and tangible milestones.
• Use check lists, matrices, and other supplements to project plans
Planning is an ongoing process that is conducted throughout the project life cycle.
The basic components of a project plan are discussed below:-
Outline of Project Plan-
This is a brief description of what is planned
Approach-
The managerial and technical methodologies of implementing the project should be
specified
Objectives-
The objectives should be very detailed in outlining what the project is expected to
achieve
Policies and Procedures-
Development of a project policy involving general guidelines for carrying out project
Contractual Requirements-
The portion of the project plan should outline reporting requirements
Project Schedule-
The project schedule signifies the commitment of resource against time in pursuit of
project objectives
Resource Requirements
Project resources, budget, and costs are to be documented in this section of the project
plan
Performance Measures-
Measures of evaluating project progress should be developed
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4. Contingency Plans-
Courses of actions to be taken in the case of undesirable events should be
predetermined
Tracking, Reporting, and Auditing-
These involve keeping track of the project plans, evaluating tasks, and scrutinizing the
records of the project
Project planning process
1. Develop Project Management Plan: is the process of documenting the actions necessary
to define, prepare, integrate, and coordinate all subsidiary plans. The project management
plan becomes the primary source of information for how the project will be planned,
executed, monitored and controlled, and closed.
2. Collect Requirements: is the process of defining and documenting stakeholders’ needs to
meet the project objectives
3. Define Scope: is the process of developing a detailed description of the project and
product.
4. Create Work Breakdown Structure: is the process of subdividing project deliverables
and project work into smaller, more manageable components.
5. Define Activities: is the process of identifying the specific actions to be performed to
produce the project deliverables.
6. Sequence Activities: is the process of identifying and documenting relationships among
the project activities.
7. Estimate Activity Resources: is the process of estimating the type and quantities of
material, people, equipment, or supplies required to perform each activity.
8. Estimate Activity Durations: Estimate Activity Durations is the process of approximating
the number of work periods needed to complete individual activities with estimated
resources.
9. Develop Schedule: Develop Schedule is the process of analyzing activity sequences,
durations, resource requirements, and schedule constraints to create the project schedule.
10. Estimate Costs: Estimate Costs is the process of developing an approximation of the
monetary resources needed to complete project activities.
11. Determine Budget: Determine Budget is the process of aggregating the estimated costs
of individual activities or work packages to establish an authorized cost baseline.
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5. 12. Plan Quality: Plan Quality is the process of identifying quality requirements and/or
standards for the project and product, and documenting how the project will demonstrate
compliance.
13. Develop Human Resource Plan: Develop Human Resource Plan is the process of
identifying and documenting project roles, responsibilities, and required skills, reporting
relationships, and creating a staffing management plan.
14. Plan Communications: Plan Communications is the process of determining project
stakeholder information needs and defining a communication approach
15. Plan Risk Management: Plan Risk Management is the process of defining how to
conduct risk management activities for a project.
16. Identify Risks: Identify Risks is the process of determining which risks may affect the
project and documenting their characteristics.
17. Perform Qualitative Risk Analysis: Perform Qualitative Risk Analysis is the process of
prioritizing risks for further analysis or action by assessing and combining their probability of
occurrence and impact
18. Perform Quantitative Risk Analysis: Perform Quantitative Risk Analysis is the process
of numerically analyzing the effect of identified risks on overall project objectives.
19. Plan Risk Responses: Plan Risk Responses is the process of developing options and
actions to enhance opportunities and to reduce threats to project objectives.
20. Plan Procurements: Plan Procurements is the process of documenting project
purchasing decisions, specifying the approach, and identifying potential sellers.
Project Feasibility Analysis
The most important step in any project after a project plan should be determining the
viability of the idea. This is called Feasibility study /analysis.
Feasibility analysis (FA, also called feasibility study) is used to assess the strengths and
weaknesses of a proposed project and present directions of activities which will improve a
project and achieve desired results. The nature and components of feasibility studies
depend primarily on the areas in which analyzed projects are implemented.
Feasibility literally means whether some idea will work or not. It knows before
hand whether there exists a sizeable market for the proposed product/service, what
would be the investment requirements and where to get the funding from, whether
and wherefrom the necessary technical know-how to convert the idea into a tangible
product may be available, and so on. In other words, feasibility study involves
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6. an examination of the operations, financial, HR and marketing aspects of a business
on ex ante (Before the venture comes into existence) basis. Thus, you may
simultaneously read this lesson and the lessons on marketing, finance etc. to have a
better idea of the issues involved. What we present hereunder is a brief outline of
the issues impinging upon the various aspects of the feasibility of the proposed
project.
Feasibility is a multivariate concept; that is, a project has to be viable not only in
technical terms but also in economic and commercial terms too.
A feasibility study is essentially a process for determining the viability of a proposed
initiative or service and providing a framework and direction for its development and
delivery. It is a process for making sound decisions and setting direction. It is also a process
which:
i. Is driven by research and analysis
ii. Usually involves some form of consultation with stakeholders, community, users, etc.
iii. Focuses on analyzing, clarifying and resolving key issues and areas of concern or
iv. uncertainty
v. Very often involves basic modeling and testing of alternative concepts and
approaches
There is no universal format for a feasibility study. Feasibility studies can be adapted and
shaped to meet the specific needs of any given situation.
A feasibility study is designed to provide an overview of the primary issues related to a
business idea. The purpose is to identify any "make or break" issues that would prevent your
business from being successful in the marketplace. In other words, a feasibility study
determines whether the business idea makes sense.
A thorough feasibility analysis provides a lot of information necessary for the business plan.
For example, a good market analysis is necessary in order to determine the project's
feasibility. This information provides the basis for the market section of the business plan.
Because putting together a business plan is a significant investment of time and money, you
want to make sure that there are no major roadblocks facing your business idea before you
make that investment. Identifying such roadblocks is the purpose of a feasibility study.
A feasibility study looks at three major areas:
a) Market issues
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7. b) Organizational/technical issues
c) Financial issues
Again, this is meant to be a "first cut" look at these issues. For example, a feasibility study
should not do in-depth long-term financial projections, but it should do a basic break-even
analysis to see how much revenue would be necessary to meet your operating expenses.
Why Do Feasibility Studies?
Developing any new business venture is difficult. Taking a project from the initial idea
through the operational stage is a complex and time-consuming effort. Most ideas, whether
from a cooperative or an investor owned business, do not develop into business operations. If
these ideas make it to the operational stage, most fail within the first 6 months. Before the
potential members invest in a proposed business project, they must determine if it can be
economically viable and then decide if investment advantages outweigh the risks involved.
Many cooperative business projects are quite expensive to conduct. The projects involve
operations that differ from those of the members' individual business. Often, cooperative
businesses' operations involve risks with which the members are unfamiliar. The study allows
groups to preview potential project outcomes and to decide if they should continue. Although
the costs of conducting a study may seem high, they are relatively minor when compared
with the total project cost. The small initial expenditure on a feasibility study can help to
protect larger capital investments later.
Feasibility studies are useful and valid for many kinds of projects. Evaluation of a new
business ventures, both from new groups and established businesses, is the most common, but
not the only usage. Studies can help groups decide to expand existing services, build or
remodel facilities, change methods of operation, add new products, or even merge with
another business.
A feasibility study assists decision makers whenever they need to consider alternative
development opportunities.
Feasibility studies permit planners to outline their ideas on paper before implementing them.
This can reveal errors in project design before their implementation negatively affects the
project. Applying the lessons gained from a feasibility study can significantly lower the
project costs.
The study presents the risks and returns associated with the project so the prospective
members can evaluate them. There is no "magic number" or correct rate of return a project
needs to obtain before a group decides to proceed. The acceptable level of return and
appropriate risk rate will vary for individual members depending on their personal situation.
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8. The proposed project usually requires both risk capital from members and debt capital from
banks and other financers to become operational. Lenders typically require an objective
evaluation of a project prior to investing. A feasibility study conducted by someone without a
vested interest in the project outcome can provide this assessment.
General requirements and potential benefits of conducting feasibility study include:
i. Developing any new business venture is difficult.
ii. Taking a project from initiation of idea to operational stage is a complex and time
consuming effort.
iii. It minimizes project failure -Most ideas, whether from cooperative or investor-owned
businesses, do not develop into business operations. If these ideas make it to the
operational stage, majority of them fail within first six months.
iv. Projects involve business operations that differ from Individual business.
v. Feasibility study allows groups developing a business idea to preview potential
project outcomes and decide if they want to continue developing the project.
vi. Though the cost of conducting a study can seem high, almost always, these costs are
relatively minor when compared to the total project cost.
vii. Small initial expenditure on a feasibility study by a group can help to protect larger
capital investments later.
viii. Feasibility study is a useful tool and is valid for many kinds of projects
ix. An effective feasibility analysis will provide the client with a solid foundation upon
which a project is built.
x. A feasibility study provides concept identification, estimates of supportable market,
design parameters, attendance estimates, revenue projections, and net warranted
investment.
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9. xi. It essentially becomes a road map for your project
An Overview of the Study
The feasibility study involves;
Appraisal of existing systems and manual processes.
Troubleshooting.
Process re-engineering.
Risk analysis and assessment.
Risk management.
Cost-benefit analysis.
Impact analysis.
Integration of existing and new systems.
Resource requirements planning and timings.
Implementation strategy.
Infrastructure assessment and requirements.
Dependencies and requirements.
Support requirements and logistical analysis
The elements of feasibility analysis for a project should be
covering the below:
1) Need Analysis
2) Process Work
3) Engineering & Design
4) Cost Estimate
5) Financial Analysis
6) Project Impacts
7) Conclusions and Recommendations
A feasibility report should have the following structure:
1.Executive Summary:
It provides a quick overview of the main points of the assessment, helping to form a
picture of the proposal along with the recommendations. It should be concise and
include the major findings covered in the main body of the report.
2. Need Analysis
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10. Need Analysis information provide a context to the business proposition. It
analyzes the justification of the idea, with a study of possible alternatives. It links
the business idea to the current circumstances and helps to inform evaluation of the
business idea.
3. Engineering:
Description of the technical aspects of the business idea, including any changes needed
to be made to existing processes or the need to add items to existing range of products
and services.
4) Cost Estimate-
This involves estimating project cost to a suitable level of accuracy.
-Levels of around -5% to +15% are common at this level of a project plan.
-Estimates of capital investment, recurring and nonrecurring costs must be there
-Sensitivity analysis can be carried out on the estimated cost values to see how
sensitive the project plan is to the estimated cost values
5) Financial Analysis-
This involves an analysis of the cash flow profile of the project
-The analysis should consider rates of return, inflation, sources of capital, payback
periods, breakeven point, residual values, and sensitivity
-This is a critical analysis since it determines whether or not and when funds will be
available to the project
6) Project Impacts-
This portion of the feasibility study provides an assessment of the impact of the
proposed project
-Environmental, social, cultural, political, and economic impacts may be some of the
factors that will determine how a project is perceived by the public
7) Conclusions and Recommendations-
The feasibility study should end with the overall outcome of the project
-This may indicate an endorsement or disapproval of the project.
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11. -Recommendations on what should be done should be included in this section of the
feasibility report.
A feasibility study is a management-oriented activity. After a feasibility study,
management makes a “go/no-go” decision. It helps examine the problem in the
context of broader business strategy
Types of feasibility
Feasibility is of the following types:
Technical Feasibility:
This area reviews the engineering feasibility of the project, including structural, civil and
other relevant engineering aspects necessitated by the project design. The technical
capabilities of the personnel as well as the capability of the projected technologies to be used
in the project are considered. In some instances, particularly when projects are in third world
countries, technology transfer between geographical areas and cultures needs to be analyzed
to understand productivity loss (or gain) and other implications due to differences in
topography, geography, fuels availability, infrastructure support and other issues.
Economic Feasibility:
Economic feasibility is the process of identifying the financial benefits and costs associated
with a development project. It involves the feasibility of the proposed project to generate
economic benefits. A benefit-cost analysis (addressing a problem or need in the manner
proposed by the project compared to other, the cost of other approaches to the same or similar
problem) is required. A breakeven analysis when appropriate is also a required aspect of
evaluating the economic feasibility of a project. (This addresses fixed and variable costs and
utilization/sales forecasts). The tangible and intangible aspects of a project should be
translated into economic terms to facilitate a consistent basis for evaluation. Even when a
project is non-profit in nature, economic feasibility is critical
Schedule Feasibility
How long will it take to get the technical expertise?
• We may have the technology, but that doesn't mean we have the skills required
to properly apply that technology.
May need to hire new people
Or re-train existing systems staff
Whether hiring or training, it will impact the schedule.
Assess the schedule risk:
• Given our technical expertise, are the project deadlines reasonable?
• If there are specific deadlines, are they mandatory or desirable?
If the deadlines are not mandatory, the analyst can propose several alternative
schedules.
What are the real constraints on project deadlines?
• If the project overruns, what are the consequences?
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12. Deliver a properly functioning information system two months late…
…or deliver an error-prone, useless information system on time?
Managerial Feasibility:
Demonstrated management capability and availability, employee involvement, and
commitment are key elements required to ascertain managerial feasibility. This addresses
the management and organizational structure of the project, ensuring that the proponent's
structure is as described in the submittal and is well suited to the type of operation
undertaken.
Financial Feasibility:
Financial feasibility should be distinguished from economic feasibility. Financial feasibility
involves the capability of the project organization to raise the appropriate funds needed to
implement the proposed project. In many instances, project proponents choose to have
additional investors or other sources of funds for their projects. In these cases, the
feasibility, soundness, sources and applications of these project funds can be an obstacle. As
appropriate, loan availability, credit worthiness, equity, and loan schedule still be reviewed
as aspects of financial feasibility analysis.
Also included in this area are the review of implications of land purchases, leases and other
estates in land.
Cultural Feasibility:
Cultural feasibility deals with the compatibility of the proposed project with the cultural
environment of the project. In labor-intensive projects, planned functions must be integrated
with the local cultural practices and beliefs. For example, religious beliefs may influence
what an individual is willing to do or not do.
Social Feasibility:
Social feasibility addresses the influences that a proposed project may have on the social
system in the project environment. The ambient social structure may be such that certain
categories of workers may be in short supply or nonexistent. The effect of the project on the
social status of the project participants must be assessed to ensure compatibility. It should be
recognized that workers in certain industries may have certain status symbols within the
society.
Safety Feasibility:
Safety feasibility is another important aspect that should be considered in project planning.
Safety feasibility refers to an analysis of whether the project is capable of being
implemented and operated safely with minimal adverse effects on the environment.
Unfortunately, environmental impact assessment is often not adequately addressed in
complex projects.
Political Feasibility:
Political considerations often dictate directions for a proposed project. This is particularly
true for large projects with significant visibility that may have significant government inputs
and political implications. For example, political necessity may be a source of support for a
project regardless of the project's merits. On the other hand, worthy projects may face
insurmountable opposition simply because of political factors.
Political feasibility analysis requires an evaluation of the compatibility of project goals with
the prevailing goals of the political system.
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13. Environmental Feasibility:
Often a killer of projects through long, drawn-out approval processes and outright active
opposition by those claiming environmental concerns. This is an aspect worthy of real
attention in the very early stages of a project. Concern must be shown and action must be
taken to address any and all environmental concerns raised or anticipated. This component
also addresses the ability of the project to timely obtain and at a reasonable cost, needed
permits, licenses and approvals.
Market Feasibility:
This area should not be confused with the Economic Feasibility. The market needs analysis
to view the potential impacts of market demand, competitive activities, etc. And market
share available. Possible competitive activities by competitors, whether local, regional,
national or international, must also be analyzed for early contingency funding and impacts
on operating costs during the start-up, ramp-up, and commercial start-up phases of the
project.
Tangible and Intangible Benefits:
Estimating benefits and costs in a timely manner is very difficult. Benefits are often defined
as:
a. Tangible benefits for which money may be reasonably quantified and
measured. Examples are
i. Fewer processing errors
ii. Increased throughput (ratio of output to input)
iii. Decreased response time
iv. Elimination of job steps
v. Increased sales
vi. Reduced credit losses
vii. Reduced expenses
b. Intangible benefits that may be quantified in units other than money or may be
identified and described subjectively. Examples are;
i. Improved customer goodwill
ii. Improved employee morale
iii. Better service to community
iv. Better decision-making
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14. Costs are significantly more difficult to quantify, at least in a timely and inexpensive manner.
The minimum costs that must be determined are those that specifically are used for
comparison to the benefits. These include:·
i. The current operating costs or the cost of operating in today's circumstances.
ii. Future period costs that are expected and can be planned for.
Intangible costs that may be difficult to quantify. These costs are often omitted if
quantification would contribute little to the decision-making process.
There must be careful documentation of all known constraints and assumptions that were
made in developing the costs and the benefits. Unrealistic or unrecognized assumptions are
often the cause of unrealistic benefits. The go or no-go decision to continue with a project
could very well rest upon the validity of the assumptions.
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