...5. Project Planning and Feasibility Studies Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment. Initially, the project scope is defined and the appropriate methods for completing the project are determined. Following this step, the durations for the various tasks necessary to complete the work are listed and grouped into a work breakdown structure. The logical dependencies between tasks are defined using an activity network diagram that enables identification of the critical path. Float or slack time in the schedule can be calculated using project management software. Then the necessary resources can be estimated and costs for each activity can be allocated to each resource, giving the total project cost. At this stage, the project plan may be optimized to achieve the appropriate balance between resource usage and project duration to comply with the project objectives. Once established and agreed, the plan becomes what is known as the baseline. Progress will be measured against the baseline throughout the life of the project. Analyzing progress compared to the baseline is known as earned value management. The inputs of the project planning phase include the project charter and the concept proposal. The outputs of the project planning phase include the project requirements, the project schedule, and the project management plan. Feasibility studies...
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...Chapter-1 Project Background & History 1.1 Project Background: The main idea of our project is to establish a beverage company named Refresh Beverage Company concerning the market conditions and consumer preferences overtime and considering various policies or regulations needed to maintain for the project. The major project parameters that will be served us as the guiding principles are listed below: ⇨ Our project will be domestic market oriented. ⇨ Geographical levels will be- national, areal, and local. ⇨ Will be the first business of two kinds of products. ⇨ Business will be located a major cities as well as other cities. ⇨ Product variety will include a large variety of different flavored juices and drinks. ⇨ Use of modern and attractive selling system. ⇨ Best quality of advertising by using popular media. ⇨ Quality control for the production. 1.2 Project Promoter(s) or initiator(s): |Name |Address |Financial possibilities | |Masuma Bhuyan Farha (Initiator) |22/13 Khiljee Road, Dhaka. |Has the fund about BDT 1,500,000 | |Nazia Dilshad (Initiator) |881 Monipur, Mirpur-2, Dhaka. |Has the fund about BDT 1,800,000 | |Sumia Sultana Nadia (Promoter) |8/2 Kallyanpur, Dhaka. |Has the fund about BDT 950000...
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...W13543 FLY ASH BRICK PROJECT: FEASIBILITY STUDY USING CVP ANALYSIS S. K. Mitra and Shubhra Hajela wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be transmitted, photocopied, digitized or otherwise reproduced in any form or by any means without the permission of the copyright holder. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Business School, Western University, London, Ontario, Canada, N6G 0N1; (t) 519.661.3208; (e) cases@ivey.ca; www.iveycases.com. Copyright © 2013, Richard Ivey School of Business Foundation Version: 2013-12-19 In April 2013, Rajiv Sharma had a business plan. For quite some time, he had been doing some market research exploring the potential of his “dream project” — establishing a fly ash brick manufacturing unit — and had seen huge potential for profit in the project. His long-time friend Alok Gupta was also interested but had a few doubts regarding the feasibility of the project. Sharma, on the other hand, was sure of his plan. Years of work in the construction industry had shown him the potential of using large volumes of fly ash bricks in construction...
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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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...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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...WHY I’M PASSIONATE ABOUT REAL ESTATE? Return: In most of the markets real estate investments perform better than equities and other asset classes. In emerging markets probably you have to go for development projects, as rental yield is not very attractive. In most of the developed markets real estate has performed better than stock market over time. And by leveraging your investment you can increase your return on equity many folds. Cash flow component in return: This one of the best thing about real estate investments – it behaves like a fixed income security, and with better yield. Rental income makes real estate more attractive even during tough time and many investors love to focus on the cash flow. Depreciation: You can’t depreciate your stocks, bonds and mutual funds. Depreciation is a gift from the government for real estate investors. Dampening of volatility in the portfolio: Real estate prices don’t fluctuate on daily basis. Fully optimized portfolios with real estate component in it have much lower volatility. Inflation hedge: real estate investments provide a good hedge against inflation. Rents usually increase with inflation, while mortgage payments on the property remain stable. This increases cash flow component. WHY SHOULD YOU NOT INVEST IN REAL ESTATE? Illiquid: Many a times real estate investments behave like illiquid assets. Generally it takes time to execute an actual exit, and liquidity can completely disappear from the market in tough times. Management...
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...Feasibility Study Name University of Phoenix System Analysis and Development CMGT/555 Instructor January 9, 2015 Feasibility Study A feasibility study is an essential part of any software development project. The feasibility study can, and should, help answer the question “Should we even attempt this project and why?” Completing an effective feasibility study can prevent unnecessary commitments of valuable company resources by determining the potential success rate of any project. This project, designing and implementing a bulletin board type forum for wireless technical support representatives, is no different and a proper feasibility study will determine whether this is a worthwhile, cost effective project. According to Tim Bryce from the Project Smart Company, a good feasibility study will address the following issues (Bryce, 2008): 1) Project Scope 2) Current Analysis 3) Requirements 4) Approach 5) Evaluation 6) Review The first section determines the scope of the project. This is where the current problem or improvement is clearly stated. A well-defined scope will keep the project on target and help prevent “scope creep” where the project loses sight of the intended goal. Stake-holders, end users, project participants, and the project owner or sponsor is also clearly stated in this section. The current analysis is an outline of how the process is done now. Without a clear outline and analysis of the current method, it is hard to...
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...PROJECT MANAGEMENT REPORT ON MINTO MINE BY- DISHA GARDI (205) MBATECH-CHEMICAL INTRODUCTION The Minto Mine is located 240km north of Whitehorse, Canada. It is a high grade copper-gold mine that started its commercial production on October 1, 2007. It is owned 100% by Minto Explorations Ltd., a wholly owned subsidiary of Capstone Mining Corp. Capstone Mining Corp acquired Minto Explorations and all other project interests, including a partially constructed but dormant construction site, in June 2005. Within two years from acquisition, Capstone re-drilled the mineral resources to mineral reserve standards, completed a bankable feasibility study, arranged project financing, built a new mine and reached commercial production. In the two years following that the mine has undergone a tremendous change ; it has been expanded twice , there is an increase in throughput by more than 100 % and also discovered five new deposits. The Mine is basically an open pit mining operation with conventional crushing, grinding, and flotation to produce copper concentrates with significant gold and silver credits. In December 2007, pre-feasibility study for the expansion of the copper-gold mine was done. The study benefited because it laid out a path for significant increase in copper production and also increased mineral reserves, enhancing project economics. The basic steps done in mining while handling the project are: Mineral Exploration The first role of engineering in mines...
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...Systems Analysis and Design CSC340 VII. The Feasibility Study What is a Feasibility Study? Feasibility Study? Types of Feasibility Cost/Benefit Analysis Risk Analysis Comparing Alternatives Information Acquisition Acquisition Feasibility Study Contents Contents Do it! 2004 Jaelson Castro and John Mylopoulos The Feasibility Study -- 1 Information Systems Analysis and Design CSC340 The Feasibility Study The objective of a feasibility study is to find out if an information system project can be done, and if so, how. A feasibility study should tell management: Whether the project can be done; What are alternative solutions? What are the criteria for choosing among them? Is there a preferred alternative? After a feasibility study, management makes a go/no-go decision. • A feasibility study is a • management-oriented activity 2004 Jaelson Castro and John Mylopoulos The Feasibility Study -- 2 Page ‹#› Information Systems Analysis and Design CSC340 Dimensions of Feasibility Operational -- how will the solution work? Technical -- is the technology needed available? Economic -- return on investment Schedule -- can the system be delivered on time? Constraints may be hard or soft 2004 Jaelson Castro and John Mylopoulos The Feasibility Study -- 3 Information Systems Analysis and Design CSC340 Economic Feasibility The bottom line for many projects! Economic feasibility amounts to judging whether possible benefits of the project are worthwhile. As soon as a specific solution...
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...What are the attributes to be considered for evaluating any investment project in Bangladesh? Answer: By project we mean a plan or proposal; a scheme or something undertaken, especially something requiring extensive planning and work. For implanting a project there is need proper management of project for getting the desire outcome. By project management we understand that organizational management system that assigns employees to specific projects teams when special projects are contracted and then reassigns them back to the organization when the project is completed. Project management also involves coordinating project activities with organizational divisions and departments in order to complete their objective. There are a number of attributes to be considered for evaluating any investment project activities including: 1. the technical feasibility, 2. marketing prospects, 3. financial soundness, 4. economic viability 5. and environmental impact of the project A feasibility study is a detailed analysis of a company and its operations that is conducted in order to predict the results of a specific future course of action. Small business owners may find it helpful to conduct a feasibility study whenever they anticipate making an important strategic decision. For example, a company might perform a feasibility study to evaluate a proposed change in location, the acquisition of another company, a purchase of major equipment or a new computer system, the introduction...
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...10/24/2011 WHAT IS A FEASIBILITY STUDY • A feasibility study is defined as an evaluation or analysis of the potential FEASIBILITY STUDY impact of a proposed project or program. It is conducted to assist decision‐ makers in determining whether or not to implement a particular project or p g program. • The study is based on extensive research on both the current practices & the proposed project & its impact on the current practice of the enterprise. • The feasibility study will contain wide‐ranging of data related to financial & operational impact & will include advantages & disadvantages of both the current situation & the proposed plan. • The feasibility study is conducted during the deliberation phase of the business development cycle prior to commencement of a formal Business business development cycle prior to commencement of a formal Business Plan. It is an analytical tool that includes recommendations & limitations, which are utilized to assist the decision‐makers when determining if the Business Concept is viable (Drucker 1985; Hoagland & Williamson 2000; Thompson 2003c; Thompson 2003a). Mahfuzul Hoque Ph D Mahfuzul Hoque Ph. D Professor , Faculty of Business Studies, Department of Accounting & Information Systems, University of Dhaka. October 24, 2011 • • • DMH‐ Project Management 1 THE IMPORTANCE OF A BUSINESS FEASIBILITY STUDY It is estimated that only one in fifty business ideas are actually ...
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...Information Systems Analysis and Design CSC340 VI. The Feasibility Study What is a feasibility study? What to study and conclude? Benefits and costs Cost/Benefit analysis Accounting methods Comparing alternatives Do it! 2002 Jaelson Castro and John Mylopoulos The Feasibility Study -- 1 Information Systems Analysis and Design CSC340 The Feasibility Study Phase n The objectives of a feasibility study are to find out if an information system project can be done (...is it possible?...is it justified?) and to suggest possible alternative solutions. n A feasibility study should provide management with enough information to decide: - whether the project can be done - whether the final product will benefit its intended users - what are the alternatives among which a solution will be chosen (during subsequent phases) - is there a preferred alternative n After a feasibility study, management makes a go/no go decision The feasibility study is a management-oriented activity 2002 Jaelson Castro and John Mylopoulos The Feasibility Study -- 2 Page 1 Information Systems Analysis and Design CSC340 What to Study? ...What to Conclude? n Things to be studied during the feasibility study phase: ü The present organizational system, including users, policies, functions, objectives,... ü Problems with the present system (inconsistencies, inadequacies in functionality, performance,..., ü Objectives and other requirements for the new system (what needs to...
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...understanding of project management. • Understand why project management is needed and how it differs from other forms of management. • Identify the relevance of project management to the business and academic world of management. • Identify the role of a project manager. • Identify the purpose or relevance of a feasibility study in the project environment. • Identify all the stakeholders and identify their needs and expectations. Project management is seen as a rather modern discipline, however many of the greatest monuments in the world, e.g. Pyramids, Taj Mahal etc, could not have been formed without some form of project management. The art and science of project management has been used in many ways although it was not until the 20th century that businesses began to see the relevance and importance of this discipline. Its role in business began as external to the organisation, however in recent years more and more organisations have begun to use project management internally. Project management has become a vital part of many businesses and it is used in many different fields of study, from engineering, programming or IT development, research and development, product development, marketing etc. The aim of this assignment is to see how project management is defined, how it applies to the telecommunications business and how project managers and organisations can use project management to ensure stakeholders’ expectations are met. QUESTION 1: Explain what project management...
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...FEASIBILITY STUDIES: WHY AND WHAT SHOULD THEY ENTAIL? P. Ries Asset Resource Management LLC I have been asked to present a paper addressing feasibility studies, as they relate to consideration of a digester project for large dairies. I am hoping to answer the following questions, so that you, as a dairy producer, can properly address whether or not a digester project fits within your overall business model, that is, successfully managing and operating a large scale dairy operation. As I said, the questions I hope to answer for you are as follows: 1. 2. 3. 4. 5. What is a feasibility study? Why is a feasibility study important? What should be included? Who should do a feasibility study? How much should they cost? 1. What is a feasibility study? A feasibility study is an analysis and evaluation of a proposed project to determine if it is a. technically feasible; b. is feasible within the estimated cost; and c. will be profitable. I am focusing my presentation on feasibility studies of digester projects, because that is why I’ve been asked to make this presentation. However, one should be able to use these same concepts when considering any opportunity your farm might consider, especially where large sums of money are at stake. With respect to digester projects, the technical concepts of collecting the cow manure, pumping it into a digester, producing methane gas, and using this methane gas to power turbines, which in turn produce electricity, is a proven technology, and no further...
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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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