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Feasibility Studies

The document discusses the purpose and components of a feasibility study. A feasibility study determines if a proposed project is possible and identifies any issues or risks. It is conducted early in the project planning process before significant resources are committed. The key parts of a feasibility study include analyzing the technical, economic, legal, operational, schedule, market and resource feasibility of a project. Conducting a thorough feasibility study helps ensure a project's objectives can realistically be met and identifies issues to address.

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222 views18 pages

Feasibility Studies

The document discusses the purpose and components of a feasibility study. A feasibility study determines if a proposed project is possible and identifies any issues or risks. It is conducted early in the project planning process before significant resources are committed. The key parts of a feasibility study include analyzing the technical, economic, legal, operational, schedule, market and resource feasibility of a project. Conducting a thorough feasibility study helps ensure a project's objectives can realistically be met and identifies issues to address.

Uploaded by

Alok
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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E S

U DI
S T
I TY
IL
B
A SI
F E

1
FEASIBILITY STUDY
A Feasibility Study is the analysis of a problem to determine if it can be solved
effectively.
The results determine whether the solution should be implemented.
This activity takes place during the project initiation phase and is made before
significant expenses are engaged.

2
DEFINITION OF FEASIBILITY STUDIES
A feasibility study is an evaluation of a proposal designed to determine the difficulty
in carrying out a designated task. Generally, a feasibility study precedes
technical development and project implementation.

3
OBJECTIVE
The feasibility study answers the basic questions: is it realistic to address the
problem or the opportunity under consideration?
And it produce a final proposal for the management, this final report might
includes:

4
FEASIBILITY INCLUDES
1. Project name
2. Problem or opportunity definition
3. Project description
4. Expected benefit
5. Consequence of rejection
6. Resource requirements
7. alternatives
8. Other consideration
9. Theorization

5
1. TECHNOLOGY AND SYSTEM FEASIBILITY
The assessment is based on an outline design of system
requirements in terms of Input, Processes, Output,
Fields, Programs, and Procedures. This can be
quantified in terms of volumes of data, trends,
frequency of updating, etc. in order to estimate
whether the new system will perform adequately or
not this means that feasibility is the study of the
based in outline.

6
2. ECONOMIC FEASIBILITY

Economic analysis is the most frequently used method for


evaluating the effectiveness of a new system. More
commonly known as cost/benefit analysis, the procedure
is to determine the benefits and savings that are
expected from a candidate system and compare them
with costs. If benefits outweigh costs, then the decision is
made to design and implement the system. An
entrepreneur must accurately weigh the cost versus
benefits before taking an action. Time Based: Contrast
to the manual system management can generate any
report just by single click .
7
3. LEGAL FEASIBILITY

Determines whether the proposed system conflicts with legal requirements, e.g. a
data processing system must comply with the local Data Protection Acts.

8
4. OPERATIONAL FEASIBILITY

Is a measure of how well a proposed system solves the problems, and takes
advantages of the opportunities identified during scope definition and how it
satisfies the requirements identified in the requirements analysis phase of system
development.[1]

9
5.SCHEDULE FEASIBILITY

A project will fail if it takes too long to be completed before it is useful. Typically this
means estimating how long the system will take to develop, and if it can be completed
in a given time period using some methods like payback period. Schedule feasibility is
a measure of how reasonable the project timetable is. Given our technical expertise,
are the project deadlines reasonable? Some projects are initiated with specific
deadlines. You need to determine whether the deadlines are mandatory or desirable.

10
OTHER FEASIBILITY FACTORS
Market and real estate feasibility
Resource feasibility
Cultural feasibility

11
MARKET AND REAL ESTATE FEASIBILITY

Market Feasibility Study typically involves testing geographic


locations for a real estate development project, and usually
involves parcels of real estate land. Developers often conduct
market studies to determine the best location within a
jurisdiction, and to test alternative land uses for a given parcels.
Jurisdictions often require developers to complete feasibility
studies before they will approve a permit application for retail,
commercial, industrial, manufacturing, housing, office or
mixed-use project. Market Feasibility takes into account the
importance of the business in the selected area.

12
RESOURCE FEASIBILITY

This involves questions such as how much time is available to build the new system,
when it can be built, whether it interferes with normal business operations, type
and amount of resources required, dependencies, etc. Contingency and
mitigation plans should also be stated here.

13
CULTURAL FEASIBILITY

In this stage, the project's alternatives are evaluated for their impact on the local
and general culture. For example, environmental factors need to be considered
and these factors are to be well known. Further an enterprise's own culture can
clash with the results of the project.

14
MARKET FEASIBILITY

This can be based on a market assessment that you may have already completed.

15
TECHNICAL FEASIBILITY

Facility needs.
Estimate the size and type of production facilities.
Investigate the need for related buildings, equipment, rolling-stock, etc.

16
WHY ARE FEASIBILITY STUDIES SO
IMPORTANT?
1. The information you gather and present in your
feasibility study will help you:
2. List in detail all the things you need to make the
business work;
3. Identify logistical and other business-related
problems and solutions;
4. Develop marketing strategies to convince a bank or
investor that your business is worth considering as
an investment; and
5. Serve as a solid foundation for developing your
business plan.

17
THE
END

18

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