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sample of feasibility study
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∙ 11y ago
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What is feasibility study and give the ten stages of feasibility study?
It is the study on project feasibility which give you details whether a project can be successful or not, the time the project will take to be completed, and the cost of the project.
Components of project feasibility?
1. Feasibility Study Request 2. Feasibility Study report
What are the content of the feasibility study?
The feasibility study contents are: market analysis and the scope of the project; social and environment feasibility; technical feasibility; risk studies; preliminary cost assessment; the financial analysis; economic feasibility and project implementation outline. These help in the process of decision making of the proposed project.
Explain feasibility study detail with suitable example?
A feasibility study is an evaluation and analysis of the potential of the proposed project which is based on extensive investigation and research to give full comfort to the decisions makers.
List of Example of a feasibility study for a bakeshop?
a feasibility study on how to start a bakeshop
Example of management aspect in feasibility study?
The value and risk assessment study is an example of the management aspect in the feasibility study.
What are the feasibility study and define each?
Feasibility study is the evaluation of a proposed project. This is to determine if the project is technically feasible, feasible within estimated cost, and will be profitable.
What is the general objectives of the feasibility study?
Feasibility is the study of whether or not a project is worth doing. The process followed in making this determination is called a feasibility study. The main objective of the feasibility study is to prepare 1) Project Specification 2) Cost Benefit Analysis 3) Prepare Feasibility Report. The project specification has all the information about the project which is more like a guideline for the project. It gives a great insight to the management about the kind of investment involved for undertaking a project along with the manpower, hardware, software and other factors. Cost Benefit analysis is a method to identify the gross benefit involved in the development and implementation of a new system. Basically, it tells the organization whether they are economically prepared for the project. Feasibility Report contains various feasibility studies like:- Technical Feasibility Economic Feasibility Operational Feasibility Social Feasibility Time Feasibility Management Feasibility And Legal Feasibility.
What is the difference between project document and project feasibility report?
I believe you mean the Project Initiation Document (not just Project Document). The feasibility study occurs before initiating the project. The project initiation document assumes that the project is approved, is feasible (on all levels), and aligns with the company strategy (as explained by the feasibility study).
How do you conduct Management aspects of feasibility study?
example of management aspect in feasibility study.
What are the advantages and disadvantages of a project feasibility study?
One of the advantages of a project feasibility study is discovering if the idea will work before you spend money. Disadvantages to the study would include not being able to get started on a project as quickly as you might like.
Why is feasibility study important?
Because, if you do not conduct a proper feasibility study before taking up a new project you wont even know if the project is feasible and can be completed. Taking up such a project is asking for failure to happen.
