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contents of feasibility study
contents of feasibility study
contents of feasibility study report
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A business Feasibility study can be defined as a controlled process for denitrifying problems and opportunities, determining objectives, describing situations, defining successful outcomes and assessing the range of costs and benefits associated with several alternatives for solving a problem. The business feasibility study is used to support the decision-making process based on a cost benefit analysis of the actual business or project viability. The feasibility study is conducted during the deliberation phase of the business management and developments prior to commencement of a formal business plan. It is an analytical tool that includes recommendations and limitations, which are utilised to assist the decision-makers
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Feasibility study analysis various aspects of the proposed business plan including technical, financial, commercial and socio-economic. Before preparing a derailed project report, it is advisable to develop a feasibility report. All the key factors that contribute to entrepreneurial success should be considered for the product or service that is identified. The report that emerges is the feasibility report. It will serve as a sound basis preparing the project Report.
A feasibility study attempts to determine the practicality of a project.
The simplest type of feasibility study answers the yes-or-no question: "Should we undertake the project?" More complex studies must answer a more difficult question: "Which (if any) of several projects should we undertake?"
As the name implies, a feasibility study is used to determine the viability of an idea. The objective of such a study is to ensure a project is legally and technically feasible and economically justifiable. It tells us whether a project is worth the investment.
Feasibility studies are useful to businesses in many ways. Some of the reasons organizations conduct feasibility studies are as follows:
• Not every project is
The initiation phase of a project is not complete without a clearly defined goal and realistic, measurable objectives that describe the business benefits which are expected to be delivered upon completion of a project (Laureate Educatio...
The research question is the first and foremost initial step in the research process, because it defines the expected outcomes and drives the project design. So it should be clear and concise once the research question is formulated, the next is defining the terms and concepts used in the research process. A literature review is needed to clarify issues, gives an understanding to the researcher how others have formulated similar research questions and defines concepts.
Based on the preceding ontological and epistemological assumptions a researcher then makes methodological assumptions. Having decided on exactly what is to be studied the researcher then decides how the research can best be managed thus formulating a plan of action. Considerations include whether the research used should be primary or secondary. Whether one will test an existing hypothesis or whether one will construct a theory after having collated evidence. Finally one can draw conclusions as to which strategy to implement with the ultimate goal of producing the type of knowledge that is required. This then results in the type of method or methods of research to be used.
48): A research hypothesis is a researcher’s prediction of the expected results of a study. Research hypotheses can be directional, in which the researcher states the exact “nature of the expected difference or relationship” between factors, or nondirectional, in which the researcher states that there will be some type of relationship between factors, but is not yet sure what that relationship will be. (McMillan, 2012, p. 48)
course of considering your business plans. This is not the place for that information. Instead, concentrate solely on those
Planning or conducting a study requires research and a good design. “A good design, one in which the components work harmoniously together, promoting efficient and successful functioning; a flawed design leads to poor operation or failure” (Maxwell, 2013, p. 2). When conducting research, the research questions are the normal starting point. They are what drives the study and, therefore, the piece that controls the design which all other components must follow (Maxwell, 2013). With the research questions at the center of the design, unlike typical research models, the interactive model of research design is connected in such a way as to provide
The concept of potential problem analysis, which is also known as potential opportunity analysis, is one of the stages in the Kepner-Tregoe approach for the problem-solving process. This concept was introduced to help in analyzing the consequences of a decision in order to identify what could potentially go wrong and to create initiatives that could address the problems or issues once they actually emerge. Generally, the potential problem analysis technique is developed to offer a comprehensive evaluation of a created idea or action so as to predict any probability for something going wrong. Therefore, this concept or procedure helps an individual to expected problems before they take place and to develop necessary measures that could be implemented to prevent the probable problem from taking place or lessen its effect.
This is another aspect of this procedure which is involved in decision making. Not even a single a problem can be solved in more than one way. If the decision maker doesn’t find any alternatives that means; the research has not been done as per the requirements. This process cannot be ended due to limitations of time and cost. If the manager is satisfied with the alternatives, he may put an end to this part to move forward.
...hnical support. The technical issues usually raise in the feasibility stage of the investigation include these:
Being the present manager and being appointed by the government at the feasibility stage I am asked to write a report in order to outline the activities required to successfully manage this major project and to ensure that it is completed on time and within budget.
Research is systematic way to find out facts and knowledge as Kothari (2006) has analyzed that research is the pursuit of truth with the help of study, observation, comparison and experiment; the search for knowledge through objective and systematic method of finding solutions to a problem. However there are two types of researches one is by Purpose and other is by method. The type by purpose falls into three categorize such as Basic, Applied and Action Research.
The business plan will also be useful in facilitating the adoption of a strategy that will help the business prosper in the modern market. The plan will be a critical tool that will help in the production of a reliable strategy for attaining the goals and objectives. The proposed business plan will be implemented in three years time. Within the first three years, the business i...
To annalyse and evaluate the viability of a proposed venture . A Business Plan can be used as a basic of determining the viability of a proposed business venture. The information gathering and analysis that is done as part of preparing the Business Plan can give an early indication , as to the viability of a project .Hence , the entreprenuer can make a better judgement before investing in the proposed vanture
There are lots of advantages in preliminary assessment like it helps in assisting project planning, early indication of any serious problem and this step clears the projects need of full EIA.
A research design is defined as a plan or blueprint of how one intends to conduct research (Mouton, 2005:55). A research design focuses on the end product of the research process, that is, the type of study being planned and the type of results aimed at. Its point of departure is the research problem, and hence it focuses on the type of evidence required to address the problem adequately.