Introduction: 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. A feasibility study is essentially a process for determining the viability of a proposed initiative or service and providing a framework and direction for its development and delivery. It is a process for making sound decisions and setting direction. It is also a process which: * is driven
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FEASIBILITY STUDY DEFINITION OF FEASIBILITY STUDY A feasibility study • Is designed to provide an overview of the primary issues related to a business idea. • Is created in order to minimize risk and to ascertain the viability of a project. • Is an evaluation and analysis of the potential of the proposed project which is based on extensive investigation and research to support the process of decision making. COMPONENTS OF FEASIBILITY STUDY ✓ Market/Marketing Study
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FEASIBILITY STUDY I. EXECUTIVE SUMMARY Sometimes a full-scale study cannot be justified because there are too many unknowns‚ or because a critical piece of information is lacking. In such circumstances a feasibility study may be warranted. A feasibility study is undertaken before the real work to determine whether to proceed with a project and decide the best approach to adopt. Feasibility studies can be extremely important in reducing uncertainties for planning the definitive study‚ and often
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What is a feasibility study? “A feasibility study is an evaluation and analysis of the potential of the proposed project which is based on extensive investigation and research to support the process of decision making” (Wikipedia.com). Without the use of Wikipedia defining feasibility study would fall on understanding the two words it compresses. Feasibility or the root word feasible means a degree to which something can be achieved or put into the effect‚ therefore something feasible is something
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Chapter # 3: Feasibility Study Steps in feasibility analysis Eight steps involved in the feasibility analysis are: 1. Form a project team and appoint a project leader. 2. Prepare system flowcharts. 3. Enumerate potential proposed system. 4. Define and identify characteristics of proposed system. 5. Determine and evaluate performance and cost effective of each proposed system. 6. Weight system performance and cost data. 7. Select the best-proposed system. 8. Prepare and report final
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2. SYSTEM STUDY 2.1 FEASIBILITY STUDY The feasibility of the project is analyzed in this phase and business proposal is put forth with a very general plan for the project and some cost estimates. During system analysis the feasibility study of the proposed system is to be carried out. This is to ensure that the proposed system is not a burden to the company. For feasibility analysis‚ some understanding of the major requirements for the system is essential. Three key
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"technical side of things." These are simply the major details and groundwork of an idea‚ project‚ program‚ technique‚ operation‚ and more. Te aspect’s main objective is to determine whether a certain plan of action is feasible. This aspect in a feasibility study deals with details of how the entity will deliver a product or service (i.e.‚ materials‚ labor‚ transportation‚ where your business will be located‚ technology needed).the strategic location for its market and the plant layout speaks of the availability
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Accepted in partial fulfillment for the Degree of Bachelor of Science in Hotel and Restaurant Management. WILLIAM ALCANTARA OIC‚ CHE May 2015 ii ACKNOWLEDGMENTS The researchers would like to acknowledge the people that have been a part of this study and contributed for the fruitful success of our goals‚ and the researchers would like to convey their deepest gratitude and appreciation for the following who willingly helped in making every aspect of this thesis a success. First of all‚ to our
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ESTABLISHMENT OF A PRINTING SHOP IN THAI NGUYEN CITY An Undergradute Feasibility Study Presented to UNIVERSITY OF RIZAL SYSTEM In partial fulfillment of the Requirement for the Degree Bachelor of Science Business Administration major in Financial Management HOÀNG THU HẰNG (JENNY) HOÀNG THỊ BÍCH HOÀN ( MARY 2 ) June 2011ii APPROVAL SHEET This undergraduate feasibility study entitled ESTABLISHMENT OF A PRINTING SHOP IN THAI NGUYEN CITY‚ prepared and submitted by Hoàng Thu Hằng(Jenny)
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GHAYOUMETZ DE SARICOFF I. Summary of the Project Ghayoumetz de Saricoff is a business offering complete relaxation facilities. We will serve different services for different occasions like birthdays‚ anniversaries‚ debut‚ and wedding reception and for family bondings. On the services stated‚ we estimated that we can have Php 10 million three years from now. Ghayoumetz de Saricoff aims to offer good services for everybody where they can spend their leisure time perfectly. Our business would
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