...Proof of Business Concept Purpose and structure of outline feasibility Learning Outcome At the end of this learning resource, students will recognise the purpose of the outline feasibility in proving the business concept and begin to consider the likely structure and content of their own study. The outline feasibility study Purpose of the Study When starting a new venture you will almost certainly need to prepare a Business Plan. However there is little point in investing days and days of effort in preparing a full plan, without first clarifying your thinking. Undertaking some initial feasibility activities will help you assess whether the idea has sufficient potential to warrant the investment of your further time and effort. The Business Plan is the full detailed blueprint for launching a new business or venture and securing funding resources. Many person days are involved in its preparation, but this initial feasibility work will greatly assist its preparation. The Outline Feasibility is a format for developing your thinking and structuring the presentation of key information in a way that will help the decision as to whether to proceed to the full business plan. The feasibility study and the business plan are very different and each has a very specific role[1]. The Outline Feasibility is your initial check on reality. (Launching the business would be your ultimate reality check!) An outline feasibility that presents a compelling case is the first...
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...PROJECT FEASIBILITY DOCUMENT |Project name |insert project name | |Release |Draft/Final | | |Date: | |Author: | | |Project | | |Director: | | |Project | | |Champion: | | |Accountable | | |Body: | | |Executive Summary ...
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...Feasibility Studies BUSE 628 Dr. Khaled Aldeeb Faculty of Economics and Administration King Abdulaziz University Home Work Assignment Prepared By Name: Ahmed Abnawi ID: 1500912 A feasibility study is an important step in the formation or expansion of any business idea. A feasibility study is usually conducted after producers have discussed a series of business ideas or scenarios. The feasibility study helps to frame specific business scenarios so they can be studied in-depth. During this process the number of business alternatives under consideration is usually quickly reduced. However, when a company or a person attempt to conduct a Feasibility study there are some challenges that they may face and these challenges may form some obstacles against conducting a study will list some of these challenges: * How you will start? In order to conduct a Feasibility study for a business you need to assure that you are covering all the aspects related to your study. You need to be very clear about what parts you're going to address and how to work with your business colleagues to construct a coherent view. * What to do? Feasibility is hard to prove. To control this vagueness, implement a written plan of action. The inherent uncertainty makes planning a feasibility study harder than usual, although the project can fail only if the final report is inconclusive. * Wrong Team Any professional study is only as good as the team that does the work. Yet there...
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...Investigation (Problem Identification) · Feasibility study · System analysis · System designing · Development of software · System testing · Implementation & Evaluation · Maintenance 1. Preliminary Investigation OR Problem Identification: One of most difficult task of the system analyst is identifying the real problem of the existing system. It defines the user requirements or what the user expects from the new system. This also includes the rough idea of the resource requirements as well as estimated time for completion and number of persons expected to be involve in each phase. Problem identification helps in :- i. Defining a problem ii. Setting proper system goal iii. Determining the boundaries of the project by considering the limitations of available resources 2. Feasibility study: It determine the possibility of either improving the existing system or developing the complete new system. It helps to obtain an overview of the problem and to get rough assessment of whether physical solution exist. The purpose of feasibility study is to determine whether the requested system successfully realizable. There are four aspects of feasibility study :- ...
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...stages involved in information system development project from a preliminary study through maintenance of the complete application. SDLC follows six steps-: 1 Preliminary study 2 Determination of system requirement 3 System design 4 Software development 5 System testing 6 Implementation & Maintenance 1 Preliminary study -: Preliminary investigation is the first step in the system development life cycle. The preliminary investigation is a way of handling the user’s request to change, improve or enhance an existing system. The objective is to determine, whether the request is valid and feasible before any recommendation is made to do nothing, improve or modify the existing system, or build altogether a new one. Preliminary study divided into following 3 categories – A. Request Analysis B. Feasibility study C. Request Approval Request Analysis:- In this category, the users need is clearlyIdentify. Analyst identifies that what are the requirements of the user. Feasibility study:- The aim of the feasibility study is to access alternative systems and to propose the most feasible and desirable system for development. Thus, feasibility study provides an overview of the problem and acts as an important checkpoint that should be completed before committing more resources. After identifying the users need, following feasibility studies are done by the analyst- 1).Economic Feasibility: In this study, costs and returns are evaluated to know whether returns justify the investment...
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...process includes process such as executing, monitoring and controlling the project process (Morris and Pinto, 2007). you can discuss how monitoring, controlling or executing enable the company to achieve project success The project scope includes a number of processes such as plan scope management, collecting requirements, defining scope, creation of work-based structure, validation of scope, as well as control of scope. This is shown in figure 4 below. In other words, it involves planning, monitoring, and controlling activities that are within the project scope and those that are not within the scope (Morris and Pinto, 2007). Process Project Group/team Key Deliverables Plan Scope Management Planning Collect Requirements Planning Requirements document Define Scope planning project scope statement Create WBS planning WBS, WBS dictionary Validate Scope Monitoring and Controlling Acceptance deliverables Control Scope Monitoring and Controlling Change Requests sollo 1:22:28 AM Turner (2012) indicates that project planning is critical in project management. It involves developing a work breakdown structure in order to know all the resource needed for the project and this would ease the flow of events. To ensure good project planning, the company and the project manager select qualified team members to steer the project’s activities to success. They also focus on team structuring, which could have allowed things to be easier for the project manager, while arranging...
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...to determine whether or not the planned investment idea is feasible. The feasibility of an investment has to be considered with respect to several different aspects in order to determine whether the investment should be realized or not. Carrying out a feasibility analysis is therefore one of the most critical steps in the decision-making process. A feasibility analysis is an effective analytical tool that can be used to evaluate investments from various perspectives, e.g. technical, social, legal, financial, market, and organizational. Financial feasibility is often a predominant factor in feasibility analysis, as most investments are not realized if they do not generate profit for the project owners. The focus of this thesis is on financial feasibility analysis and its application in the decision-making process. Precision and reliability of feasibility analysis relies on the accuracy of information used in the analysis. The appropriate level of detail has to be decided with respect to what stage the investment is on. On early stages the level of uncertainty is often high, but as the investment opportunity evolves information become more detailed and reliable. As uncertainty can highly affect the results of the analysis, the level of detail has to be taken into account when basing decisions on the results. To assess the feasibility of investments relevant criteria have to be chosen. Feasibility calculations need to be done with care and the complexity of the calculations...
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...high-resolution camera to inspect drug labels to ensure they contain the proper information to meet the ever evolving governmental standards. Your task is to organize the product development process for this revolutionary product which could save countless lives! Role You've just sat down with Marketing Director, Kara Rose, and R&D Director, Jessie Megana. After the standard pleasantries, Kara (well known to be focused on short meetings) starts with your marching orders Your task is to organize the product development process for this revolutionary product which could save countless lives. So, as Project Manager, you will create a Work Breakdown Structure (WBS) using the steps that Kara and Jessie have relayed during your meeting. Script Kara: The first thing VisionTec needs to do is establish Market Feasibility to determine if the product will be accepted by the market. The Marketing group will interview customers to determine current issues with label quality. Then industry groups will be consulted to determine trends in the market. Last, the Market will be tested to determine if the product could be sold for a suitable profit. Jessie: The...
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...aspect of Feasibility Study discusses all the details with regards to the Executive Summary of the proposed project study. It also contains the five major components of the study including Management and Personnel Feasibility, Marketing Feasibility, Technical Feasibility, Financial Feasibility and Socio-Economic Feasibility. Highlights of the Study 60’s Diner is one place to remember when looking for a good place to eat. Waitresses serve food by moving around on skates, giving that all 60’s feel. We put up this business because this restaurant provides fairly fast and friendly service. We loved its uniqueness compared with the other businesses.It is designed by a group of students where they can provide a unique type of Diner that they can convince and attract different types of people. 60’S Diner is a restaurant that is a partnership business organization which is composed of seven (7) partners, namely, Antonio, Jennica; Austria, Cyrille; Baluyot, Babylyn Roxinne; Corpuz, Kim; Domingo, Charmaine; Empemano, Julie; Millena, and Maria Fatima who will contribute 500,000 pesos each for a total capital of 3,500,000 million pesos to start up the business. The partners decided to rent a space located at 480 Mayon, Sta. Mesa Heights, Quezon City. It has 300 square meters rectangular in shape and it cost 200 pesos per square meters for a total of 60,000 pesos monthly rental fee. The location is very accessible and safe. Management and Personnel Feasibility ...
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...FEASIBILITY STUDY OUTLINE 1. The Preliminary Section a. Title Page b. Approval Sheet c. Acknowledgements (if any) d. Table of contents e. List of tables (if any) f. List of Figures (if any) g. List of Annexes/Appendices 2.0 THE EXECUTIVE SUMMARY 3.1 Highlights 2.1.1 Project Background Name of the Proposed project: Type of Business Organization: Location: Proponents: 2.1.2 Management Feasibility Summary 2.1.3 Marketing Feasibility Summary 2.1.4 Technical Feasibility Summary 2.1.5 Financial Feasibility Summary 2.1.6 Socio-Economic Feasibility Summary 2.1 Conclusions (state here, the chances of implementing your project; the advantages of implementing it; and your final analysis and conclusion of the feasibility of your project) 2 Project Background 3.2 Project Proponents Name Address % Ownership 3.3 Proposed Name of the Business/Logo * Here you could state the reason/s four your choice of name or the significance of the name and the logo chosen 3.4 Type of Business Organization * State here if your proposed project is a Single Proprietorship, a Limited or General Partnership, a Corporation, a Subsidiary/Branch/ohers. Indicate the reasons for your choice. 3.4 Location of...
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...FINANCING OF FEASIBILITY STUDIES Through its MSME Support Fund, BIO grants subsidies to co-finance feasibility studies. The feasibility study is a necessaryphase prior to the creation or development of a company. It has to be conducted by a third partuy expert. It aims to prove the technical viability and profitability of a project, and is a prerequisite to draw up a business plan. SUBSIDIES The MSME Support Fund grants non-reimbursable subsidies to fund experts who will carry out feasibility studies. These studies include all technical, commercial, financial and regulatory information necessary for the investment decision process. This process should enable the creation and development of businesses in developing countries. Furthermore, the studies are conditioned by subsequent financing by BIO of the investment phase. AMOUNTS The subsidy granted by the MSME Support Fund may account for as much as 50% of the total cost, with a limit of EUR 100,000 per project. BENEFICIARIES Subsidies are granted to local enterprises, intermediary structures geared towards local SMEs, as well as infrastructure projects. CRITERIA Applications for feasibility studies must meet a certain number of formal criteria, such as the business’ sector or the estimated time-span of operations. BIO more specifically evaluates the sponsors’ quality (particularly their economic performance, their financial involvement in the project and their stance towards corporate governance),...
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...Feasibility Studies In order to make wise investments in a marketplace experiencing increasing levels of risk, companies are turning to feasibility studies to determine if they should offer new products, services or undertake a new business endeavor. The purpose of a feasibility study is to determine if a business opportunity is possible, practical and viable. When faced with a business opportunity, many optimistic people tend to focus on just the positive aspects. A feasibility study enables a realistic view at both the positive and negative aspects of the opportunity. A feasibility study is an important tool for making the right decisions. A wrong decision often leads to business failure. For example, only 50% of start-ups are still in business after 18 months and only 20% are in business after 5 years. Feasibility studies are useful when starting a new business or identifying a new opportunity for an existing business. Ideally, the feasibility study process involves making rational decisions about a number of enduring characteristics of a project, including: * Definition of the project; * Current market segmentation; * Projected growth in each market segment; * Current market offerings; * Customer profile(s); * Estimation of customers/revenues; * Determination of competitive differentiation and advantage(s); * Vision/mission statement; * Definition of proposed operations/management structure and management methods; and * Financing and projected...
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...VEGGIE'S BREAD A Feasibility Study Presented to the Faculty of the Department Of Hotel and Restaurant Management Of the School of Business Management Universidad de Zamboanga In Partial Fulfilment Of The Requirements for the Course of Bachelor of Science in Hotel and Restaurant Management (BSHRM) By: John Paul T. Tolentino Menard S. Gamiao Kirt Ivy Y. Endino Erwin Bryan S. Saavedra August 2015 CHAPTER ONE EXECUTIVE SUMMARY Summary of the Project | Name of the Firm | Veggie’s Bread | Location | Veterans Avenue, Zamboanga, Zamboanga Sibugay, Philippines | Brief Description of the Project | A healthier variety of veggie's breads are what we are in cognizance. For this brand perception that we formalize we would like to linger the interest of the buyers and also the consumer with our version of Veggie Breads. We would like introduce varieties of flavours that consumers that would not normally taste with the following flavours that we would like to propose; Malunggay (horseradish), Ampalaya (bitter gourd). | Project SummaryMarketing Feasibility | | CHAPTER TWO INTRODUCTION Brief background of the Study We make this product proposal for the purpose that we want to serve our valued customers in a new product dishes that we give them a healthy food that will enjoy not only for adults but also for the young ones, we add especial ingredients for our product such as Malunggay (horseradish), We would to introduce varieties of flavours that consumers...
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...Comments/Suggestions: CPT 125 Pre-Requisite: Completion of 1st Year Courses Introduction: Systems Design is a central part of systems development. It comprises the process of turning a set of user requirements into an implementable system and encompasses various activities to achieve this end. Alternative models are challenging the traditional systems development life cycle. Alongside this, two approaches to systems development are emerging: the traditional structured approach; and the object oriented approach. The systems design activity will be studied in the context of these trends. Students should make themselves familiar with at least one traditional approach (e.g. SSADM) and one object oriented approach (e.g. UML). Aims: To understand the role of systems design within various systems development life cycles To develop awareness of the different approaches that may be taken to systems design To understand and apply the tools and techniques that are currently used by systems designers Formatted: Superscript Objectives: Describe different life cycle models and explain the contribution of systems design within them Discuss various systems development approaches and explain their strengths and weaknesses 1 30/09/1123/09/10 Evaluate the tools and techniques that may be used by a system designer in a given context Use appropriate methods to produce a system design for a given scenario Provide suitable systems documentation for a design Discuss the CASE...
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...work breakdown structure and process based on our meeting outcome. The new Vision System is outlined within this structure along with the tasks and procedures necessary to meet standards associated with the product. Once the project objectives and deliverables have been secured, the next step is to translate them into specific work details and tasks; these are the tasks, jobs, and activities the project team must complete on time. The revolutionary product will benefit the Pharmaceutical Market and help people live better lives. The work breakdown structure will give a good idea on what will be required to accomplish the task but there is still a great deal of planning and research that will need to be completed before implementation. See below for the detailed breakdown of the process for implementation of the Vision System product. Vision Systems Project Work Breakdown Structure 1 .0 Vision Systems Project 1.1 Market Feasibility 1.1.1 Interview Customers 1.1.1.1 Determine current issues with label quality and design 1.1.2 Consult Industry Groups 1.1.2.1 Determine market trends for product 1.1.3 Test Market 1.1.3.1 Determine if product can be sold for a suitable profit 1.2 Research Group 1.2.1 Concept Feasibility Study 1.2.1.1 Research available technologies 1.2.1.2 Develop Prototypes 1.2.1.2.1 Evaluate against early market requirements 1.3 Critical Decision 1.3.1Review market data and concept feasibility study 1.3.1.1 Move...
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