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The seven steps of tourism are as follows:
- Prefeasibility Study
- Site Analysis
- Market Analysis
- Economic Feasibility Analysis
- Cost/Benefit Analysis
- Government financial incentives in tourism development
- Private sector financing for tourism development
Please see the related links for more information.
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What is the existing system?
as for as concerned to project its defined as the system which presently we are using and the proposed system is the new techniques implemented to the existing project if any mistake was happened.
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 are the major parts of a feasibility study?
There are basically six parts to any effective Feasibility Study:1. The Project Scope which is used to define the business problem and/or opportunity to be addressed. The old adage, "The problem well stated is half solved," is very apropos. The scope should be definitive and to the point; rambling narrative serves no purpose and can actually confuse project participants. It is also necessary to define the parts of the business affected either directly or indirectly, including project participants and end-user areas affected by the project. The project sponsor should be identified, particularly if he/she is footing the bill.I have seen too many projects in the corporate world started without a well defined project scope. Consequently, projects have wandered in and out of their boundaries causing them to produce either far too much or far too little than what is truly needed.2. The Current Analysis is used to define and understand the current method of implementation, such as a system, a product, etc. From this analysis, it is not uncommon to discover there is actually nothing wrong with the current system or product other than some misunderstandings regarding it or perhaps it needs some simple modifications as opposed to a major overhaul. Also, the strengths and weaknesses of the current approach are identified (pros and cons). In addition, there may very well be elements of the current system or product that may be used in its successor thus saving time and money later on. Without such analysis, this may never be discovered.Analysts are cautioned to avoid the temptation to stop and correct any problems encountered in the current system at this time. Simply document your findings instead, otherwise you will spend more time unnecessarily in this stage (aka "Analysis Paralysis").3. Requirements - how requirements are defined depends on the object of the project's attention. For example, how requirements are specified for a product are substantially different than requirements for an edifice, a bridge, or an information system. Each exhibits totally different properties and, as such, are defined differently. How you define requirements for software is also substantially different than how you define them for systems.4. The Approach represents the recommended solution or course of action to satisfy the requirements. Here, various alternatives are considered along with an explanation as to why the preferred solution was selected. In terms of design related projects, it is here where whole rough designs (e.g., "renderings") are developed in order to determine viability. It is also at this point where the use of existing structures and commercial alternatives are considered (e.g., "build versus buy" decisions). The overriding considerations though are:Does the recommended approach satisfy the requirements?Is it also a practical and viable solution? (Will it "Play in Poughkeepsie?")A thorough analysis here is needed in order to perform the next step...5. Evaluation - examines the cost effectiveness of the approach selected. This begins with an analysis of the estimated total cost of the project. In addition to the recommended solution, other alternatives are estimated in order to offer an economic comparison. For development projects, an estimate of labour and out-of-pocket expenses is assembled along with a project schedule showing the project path and start-and-end dates.After the total cost of the project has been calculated, a cost and evaluation summary is prepared which includes such things as a cost/benefit analysis, return on investment, etc.6. Review - all of the preceding elements are then assembled into a Feasibility Study and a formal review is conducted with all parties involved. The review serves two purposes: to substantiate the thoroughness and accuracy of the Feasibility Study, and to make a project decision; either approve it, reject it, or ask that it be revised before making a final decision. If approved, it is very important that all parties sign the document which expresses their acceptance and commitment to it; it may be a seemingly small gesture, but signatures carry a lot of weight later on as the project progresses. If the Feasibility Study is rejected, the reasons for its rejection should be explained and attached to the document.ConclusionIt should be remembered that a Feasibility Study is more of a way of thinking as opposed to a bureaucratic process. For example, what I have just described is essentially the same process we all follow when purchasing an car or a home. As the scope of the project grows, it becomes more important to document the Feasibility Study particularly if large amounts of money are involved and/or the criticality of delivery. Not only should the Feasibility Study contain sufficient detail to carry on to the next succeeding phase in the project, but it should also be used for comparative analysis when preparing the final Project Audit which analyses what was delivered versus what was proposed in the Feasibility Study. Feasibility Studies represent a common sense approach to planning. Frankly, it is just plain good business to conduct them. However, I have read where some people in the IT field, such as the "Agile" methodology proponents, consider Feasibility Studies to be a colossal waste of time. If this is true, I've got a good used car I want to sell them.parts of the feasibility studyThings that are generally feasible are definitely a main part of any government study
What are the types of project feasibility factors?
The types of project feasibility factors are economic, technical, operational, schedule, legal and contractual, and political. Economic feasibility is the process of identifying the financial benefits and costs associated with a development project. Technical feasibility is the process of assessing the development organization's ability to construct a proposed system. Operational feasibility is the process of assessing the degree to which a proposed system solves business problems or takes advantage of business opportunities. Schedule feasibility is the process of assessing the degree to which the potential time frame and completion dates for all major activities within a project meet organizational deadlines and constraints for affecting change. Legal and contractual feasibility is the process of assessing potential legal and contractual ramifications due to the construction of a system. Political feasibility is the process of evaluating how key stakeholders within the organization view the proposed system
What is difference in Project Sales Institutional Sales?
There is typically a thin line between Project Sales and Institutional Sales. In most of the cases they are same subject to the products sold. In both there is direct interaction with the customer team and no channel is involved. In some cases project sales may be categorized as turn key project offering or a solution selling or bundled with multiple products or a system integrator, while Institutional Sales could be only a product sales.
What are the steps in the tourism project evaluation and analysis system?
The seven steps of tourism are as follows:Prefeasibility StudySite AnalysisMarket AnalysisEconomic Feasibility AnalysisCost/Benefit AnalysisGovernment financial incentives in tourism developmentPrivate sector financing for tourism developmentPlease see the related links for more information.
Project report on market analysis of electronic security system?
market analysis
Feasibility study in management information system?
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 decision makers.
Stages of system analysis?
The stages of system analysis are scope definition, problem analysis, requirements analysis, logical design and decision analysis. System analysis is defined as the study of sets of a system to find ways of improving its efficiency.
How do you write the system analysis reports?
Respected Sir/Madam, I want to know how to write a project report on system analysis? Thanks & Regards, Komal Patel
What sort of analysis takes place in planning an accounting information system?
The analysis phase requires a thorough evaluation and documentation of the accounting and business processes in use by the organization.
3 stages of system lifecycle of computers?
-Fact finding. -A feasibility study. -An analysis phase. -System design. -Implementation. -Testing. -Documentation. -Evaluation.
This is my project title student Mark Analysis System.Please give me some ideas in preparing this Project using VB.?
http://freeminiproject.blogspot.com/2011/10/student-mark-analysis-system-coding.html
How is information system useful?
The evaluation of financial data may be performed through ratio analysis, trend evaluation, and financial planning modeling. Financial planning and forecasting are facilitated if used in conjunction with a Decision Support System (DSS).
What is a Job evaluation system?
Job evaluation is system that is prepared for the evaluation of the employees. And the performance of the employees according to the evaluation system.
How is financial information system used?
The evaluation of financial data may be performed through ratio analysis, trend evaluation, and financial planning modeling. Financial planning and forecasting are facilitated if used in conjunction with a Decision Support System (DSS).
What has the author Eric F Wolstenholme written?
Eric F. Wolstenholme has written: 'System enquiry' -- subject(s): System analysis, Systems engineering 'The evaluation of management information systems' -- subject(s): Evaluation, Management information systems
