Number of competitors in target market Many Few None 2.
Technical feasibility[ edit ] This assessment is based on an outline design of system requirements, to determine whether the company has the technical expertise to handle completion of the project. A brief description of the business to assess more possible factors which could affect the study The part of the business being examined The human and economic factor The possible solutions to the problem At this level, the concern is whether the proposal is both technically and legally feasible assuming moderate cost.
It is an evaluation of the hardware and software and how it meets Full feasibility analysis need of the proposed system  Method of production[ edit ] The selection among a number of methods to produce the same commodity should be undertaken first.
Factors that make one method being preferred to other method in agricultural projects are the following: Availability of inputs or raw materials and their quality and prices.
Availability of markets for outputs of each method and the expected prices for these outputs. Various efficiency factors such as the expected increase in one additional unit of fertilizer or productivity of a specified crop per one dunum.
Production technique[ edit ] After we determine the appropriate method of production of a commodity, it is necessary to look for the optimal technique to produce this commodity. Project requirements[ edit ] Once the method of production and its technique are determined, technical people have to determine the projects' requirements during the investment and operating periods.
Determination of tools and equipment needed for the project such as drinkers and feeders or pumps or pipes …etc. Determination of projects' requirements of constructions such as buildings, storage, and roads …etc. Determination of projects' requirements of skilled and unskilled labor and managerial and financial labor.
Determination of construction period concerning the costs of designs and consultations and the costs of constructions and other tools. Determination of minimum storage of inputs, cash money to cope with operating and contingency costs.
The most important factors that determine the selection of project location are the following: Availability of land proper acreage and reasonable costs. The impact of the project on the environment and the approval of the concerned institutions for license.
The costs of transporting inputs and outputs to the project's location i. Availability of various services related to the project such as availability of extension services or veterinary or water or electricity or good roads Legal feasibility[ edit ] It Determines whether the proposed system conflicts with legal requirements, e.
Operational feasibility study[ edit ] Operational feasibility is the measure of how well a proposed system solves the problems, and takes advantage of the opportunities identified during scope definition and how it satisfies the requirements identified in the requirements analysis phase of system development.
To ensure success, desired operational outcomes must be imparted during design and development. These include such design-dependent parameters as reliability, maintainability, supportability, usability, producibility, disposability, sustainability, affordability and others.
These parameters are required to be considered at the early stages of design if desired operational behaviours are to be realised. A system design and development requires appropriate and timely application of engineering and management efforts to meet the previously mentioned parameters.
A system may serve its intended purpose most effectively when its technical and operating characteristics are engineered into the design. Therefore, operational feasibility is a critical aspect of systems engineering that needs to be an integral part of the early design phases.
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. Time 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. It is necessary to determine whether the deadlines are mandatory or desirable.
Other feasibility factors[ edit ] Resource feasibility[ edit ] Describe 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, and developmental procedures with company revenue prospectus.
In case of a new project, financial viability can be judged on the following parameters: Total estimated cost of the project Financing of the project in terms of its capital structure, debt to equity ratio and promoter's share of total cost Existing investment by the promoter in any other business Projected cash flow and profitability The financial viability of a project should provide the following information: Rate of conversion to cash-liquidity i.
Project's funding potential and repayment terms. Sensitivity in the repayments capability to the following factors: Mild slowing of sales.BERC has learned that the most cost-effective approach to studying the feasibility for a biomass energy project is to approach the study in stages.
We advise not spending too much time, effort, or money on a full feasibility study before discovering whether the potential project makes basic economic sense. Feasibility Study (FS) Contents There do not seem to be any standard definitions of a ‘pre’ feasibility or ‘full’ feasibility study worldwide.
Such studies can therefore be subject to different interpretations depending on circumstances and the type of project. A feasibility study for public procurement. Full Feasibility Analysis From “Preparing Effective Business Plans” by Bruce R.
Barringer Note: All fields can be expanded to provide additional space to . Feasibility studies can help you to determine whether or not you should proceed with your project. Knowing the different types of feasibility studies can help you and your organization in assessing the feasibility of projects.
Read this article by Ronda Bowen to learn about the different types of feasibility studies and how they can be used to evaluate projects in your company.
Tiffany Logan Market Analysis and the Marketing Plan Week 3 Homework. Tiffany Logan Week 2 Full Feasibility Analysis Homework. 2 pages. Week_3_Homework_Solutions DeVry University, Naperville Tiffany Logan SBE Course Project Business Plan. Viewing now. Full Feasibility Analysis From “Preparing Effective Business Plans” by Bruce R.
Barringer Note: All fields can be expanded to provide additional space to respond to the questions.