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can somebody help me learn the techniques to make a very good feasibility studies?

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16y ago

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Write a feasibility report of any business of your choice and discuss all the step involved in feasibility plan?

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Advantages and disadvantages of feasibility study?

A feasibility study is a crucial step in assessing the viability of a proposed project or business venture. Advantages of conducting a feasibility study include identifying potential risks and challenges early on, allowing for informed decision-making, and providing a roadmap for successful project implementation. However, disadvantages may include the time and resources required to conduct a thorough study, as well as the possibility of unforeseen variables impacting the accuracy of the study's conclusions.


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What is the comparison between business plan and feasibility study?

Project feasibility study is required to make a decision whether the project proposal is technically and economically feasible? After finilisation of the project feasibilty report by the experts (technical & economical), the decision for going ahead for preparation of Detailed Project Report (DPR) for the project proposal. The answer is not detaial enough. key salient differences was not highlighted.


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How is feasibility and requirement analysis related?

The first step in SDLC is to gather requirements. After gathering requirements these requirements are analysed, if all the requirements are gathered then more feasible the project will be.


What is the difference between feasibility plan and a business plan?

Feasibility plan looks at the realistic nature of your plan, while a business plan addresses each and every step towards making your plan a reality. Assume you were considering selling high end widgets in your city. A feasibility study would focus on the size of your market, market share you could expect to capture, revenue generated and an estimate of your margins. You might find that the amount of these widgets you have to sell to break even is just reasonable given the size of the market. If you discovered that it was very "feasible" to sell the number of widgets you would need to make the type of money you desire, your next logical step would be to create a business plan. A business plan includes most of what was already assessed in a feasibility study . . . PLUS much more. Operations, Logistics, Financing, Projections, Market analysis, etc.


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How to analyze the feasibility of a development project?

Analyzing the feasibility of a development project involves evaluating its potential for success, profitability, and sustainability. Here's a step-by-step guide to help you conduct a comprehensive feasibility analysis: Technical Feasibility: Evaluate the project's technical requirements and complexity. Assess the availability and suitability of technology, infrastructure, and resources. Identify potential technical risks and mitigation strategies. Financial Feasibility: Estimate project costs (initial investment, operating expenses, and maintenance). Determine revenue streams and potential returns on investment (ROI). Conduct break-even analysis and cash flow projections. Evaluate funding options and potential financial risks. Market Feasibility: Research the target market, competition, and demand. Analyze customer needs, preferences, and willingness to pay. Evaluate market trends, growth potential, and saturation. Assess the project's unique selling proposition (USP). Legal and Regulatory Feasibility: Research relevant laws, regulations, and permits required. Evaluate compliance with environmental, health, and safety standards. Assess potential legal and regulatory risks. Operational Feasibility: Evaluate the project's operational requirements and logistics. Assess the availability and management of human resources. Determine the project's organizational structure and management. Social and Environmental Feasibility: Evaluate the project's social impact, including job creation and community benefits. Assess potential environmental impacts and mitigation strategies. Consider the project's sustainability and long-term viability. Risk Analysis: Identify potential risks, threats, and opportunities. Evaluate the likelihood and impact of each risk. Develop mitigation strategies and contingency plans. Scoring and Decision-Making: Assign weights to each feasibility factor based on importance. Score each factor (e.g., 1-5, where 5 is high feasibility). Calculate the overall feasibility score. Compare the score to a predetermined threshold (e.g., 3.5). Make a go/no-go decision based on the feasibility analysis. Tools and Techniques: SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) Cost-benefit analysis Decision trees Sensitivity analysis Financial models (e.g., NPV, IRR) Best Practices: Involve multidisciplinary teams in the feasibility analysis. Conduct thorough research and data analysis. Consider multiple scenarios and uncertainties. Regularly review and update the feasibility analysis. Document the analysis and decision-making process. By following this structured approach, you'll be able to comprehensively evaluate the feasibility of your development project and make informed decisions.


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