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FEASILIBITY STUDY: A Feasibiulity study is a test of a system proposal according to its workability, impact on the organization ability to meet user needs, and effective uses of resources.

It fopcuses on three major questions:

a) What are the user's demonstrable needs and how does a candidate system meet them?

b) what resources are available for a given candidate system? It is problem worth solving?

c) What is the impact of the candidate system on organization?

These question's answer revalue around investigation and evaluation of the performance and the cast of each system and final selection of best system.

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What are the types of business plans?

There are different business plans for different purposes. I am going to assume you're asking about the more common 'start-up' business plan. This is a business plan someone creates so they can get approval to start a business from banks, city councils, investors etc.There are other types of business plans as well:Internal Business Plans - an existing business can write a plan to improve performance, cut costs, expand services, etc.Strategic Business Plans - A business can create a strategic business plan to layout the timeline for rolling out different products or services to attract new business.Feasibility Plan - A feasibility plan is used so a company or potential company can think through the business process to see if an idea or product has the ability to turn a profit. Sometimes a solid feasibility plan will keep you from making major business mistakes.If you're looking for more information about a 'start-up' business plan or want to look at some samples and templates visit ecommercebusinessplan.net.


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Related Questions

Why is feasibility study important for system design?

Why is feasibility study important for system design?Read more: Why_is_feasibility_study_important_for_system_design


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.


How do you make feasibility study on machine shop?

In order to make a feasibility study on machine shop, you would need to factor in all the aspects which makes the idea viable. This may include cost of set up, production output, maintenance cost and much more.


Why was it important for mendel to study such a large sample of pea plant?

(Apex Learning) A higher sample size gives more accurate results.


What is the difference between initial investigation and feasibility study?

An initial investigation is a preliminary assessment conducted to gather basic information about a project or problem, focusing on identifying key issues and potential solutions. In contrast, a feasibility study is a more in-depth analysis that evaluates the practicality, viability, and potential impact of a proposed project, considering factors such as cost, resources, and risks. While the initial investigation sets the stage for understanding the scope, the feasibility study provides a comprehensive framework for decision-making.


Is the subset of the population chosen by the investigator for a study?

The subset of the population chosen by the investigator for a study is known as the sample. Sampling involves selecting a smaller group of individuals from a larger population to make inferences or generalizations about the broader population. The goal is for the sample to be representative of the population so that findings from the study can be applied more broadly.


Explain all the inter-related types of feasibility studies?

What are the Types of Feasibility StudiesThere are many different types of feasibility studies; here is a list of some of the most common:Technical Feasibility - does the company have the technological resources to undertake the project? Are the processes and procedures conducive to project success?Schedule Feasibility - does the company currently have the time resources to undertake the project? Is the project completable in the available time?Economic Feasibility - given the financial resources of the company, is the project something that can be completed? The economic feasibility study is more commonly called the cost/benefit analysis.Cultural Feasibility - what will the impact on both local and general cultures be? What sort of environmental implications does the feasibility study have?Legal/Ethical Feasibility - what are the legal implications of the project? What sort of ethical considerations are there? You need to make sure that any project undertaken will meet all legal and ethical requirements before the project is on the table.Resource Feasibility - do you have enough resources, what resources will be required, what facilities will be required for the project, etc.Operational Feasibility - this measures how well your company will be able to solve problems and take advantage of opportunities that are presented during the course of the projectMarketing Feasibility - will anyone want the product once its done? What is the target demographic? Should there be a test run? Is there enough buzz that can be created for the product?Real Estate Feasibility - what kind of land or property will be required to undertake the project? What is the market like? What are the zoning laws? How will the business impact the area?Comprehensive Feasibility - this takes a look at the various aspects involved in the project - marketing, real estate, cultural, economic, etc. When undertaking a new business venture, this is the most common type of feasibility study performed.Arun Agrawal9456261654


Why was it important to Mendel to study such a large sample of pea plants to determine the probability of inheritance?

Answer D- A higher sample size gives more accurate results- APEX LEARNING


Why was it important for Mendel to study such a large sample pea plants to determine the probability of inheritance?

Answer D- A higher sample size gives more accurate results- APEX LEARNING


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.


What are the advantages of a feasibility study?

It should help you validate assumptions you have which are key to a decision you're making about a project. You wouldn't want to do a study on every assumption but certain ones (e.g. population growth, churn, etc.) can be looked at closely in a study like this to give you more comfort on decisions.


When there is as likely a chance that any one member of the population will be selected for participation in a study the sample is considered?

When there is an equal chance for each member of the population to be selected for participation in a study, the sample is considered to be a random sample. This method helps ensure that the sample is representative of the population, reducing bias and allowing for more generalizable results. Random sampling is a fundamental principle in statistical research techniques.