Feasibility Project
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Transcript of Feasibility Project
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PROJECT FEASIBILITYByDr. Ali SajidByDr. Ali Sajid
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Education & Training "A person who graduated, yesterday and stops studying today is uneducated tomorrow."
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Fear & Wisdom"To conquer fear is the beginning of wisdom."
(Bertrand Russell)
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Feasibility 1.Viability of Idea
2. Analyzing Feasibility ( Possibility) of Proj-Possibility of Completion ? Will it be Successful
3.Reasonable likelihood - constraints Will Not prevent a proj from meeting key obj 4.Synonym: Achievability 5.Plng & Orgzg Procedure-To Ensure Proj is Effective -It will work.
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FeasibilityReasonable likelihood that Constraints on
Time & Other Resources will not Prevent a Project from meeting its Key Objectives
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What is Feasibility?Capable of being done, with means at Hand & Circumstances, as they are.
Purpose of a FS To help assess Viability of a business idea- Technically, Operationally & Economically
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Feasibility Assessment?
Is the disciplined & documented process of thinking through
an idea from its Logical beginning to its Logical End.
This is to determine its Potential
to be a viable business given realities of the Economic & Social environment in which it will operate
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Provide Client with a solid foundation upon which a project is built. FS Provides
Concept identification, Estimates of supportable market, Design parameters, Estimates, Revenue projectionsNet warranted investment.
Essentially Road map of proj
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Process of Analysis
Identify problem oropportunitySet up feasibilitystudyDefine scope and objectivesCarry out different aspectsof the studyRecommend proceed/shelveEvaluatealternatives develop/buy
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Scope StatementA written statement includes:Project JustificationProject ObjectivesMajor Deliverables Criteria: Project/ or Phase Successfully Completed
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Project CharterFormally Recognizes Existence of a Proj Gives PMgr Authy to Apply Resources to Proj, Univ CharterProduct to be Delivered ?Refers to Business Need Proj is Addressings
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Types of Feasibility
Technical FeasibilityManagerial FeasibilityEconomic FeasibilityFinancial FeasibilityCultural FeasibilitySocial FeasibilitySafety FeasibilityPolitical FeasibilityEnvironmental FeasibilityMarket Feasibility
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Tech Feasibility- First systematicinvestigation of Proj Design Viability.Foundation of all other FS .- Assessment of a Proj Capabilities.-Investigation of Technical & Physical Para/mtrTF Reviews:-Technical Capability of HR -Capability of Available at Technical side
Foreign consultants Role -LDCs-Too rigid, & Advanced Tech Spec - Cannot be met by Country.
Question is Can it be built?
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Technical Feasibility (TF)Anticipate Broader Problems with Questions: 1.Adequate Choice of Available Technologies for Alternative Design purposes, considering:a. Physical layoutb. Engineering design
c.Availability of raw materials? 2. Costs of Constructing & Operating P-Facilities - Svc a) Machinery, b ) Equipment, c) Spare Parts? 3. Manpower Req:a) From professional to labor b) locally available?c) Responses vary sector to sector
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Technical Feasibility (TF) Contd..Primary task of TF is Blueprinting:a) Manpower Needs b) Resources, and Design
c) Provide Design Alternativesd)A Choice of Available Technologies, & Cost estimates for each alternative.
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Admin/Managerial Study (AM S) Evaluates Strategy of company in C/ Out Proj Activities. Providing info & Guidelines-Used to improve overall Proj Admn.Project mgr in investigating team.
Examines 4 Components:
A. External linkages, b. Internal organization, c. Personnel, and d. Mgt plan
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Economic Study (Econ S)
Examines a Proposed P-in terms of: Net Contribution to Industry /Economy & To society.
Address 3 Related Questions: P-Responsive to Urgent Present or Anticipated Econ/Social need? P-Planned Econ o/p Serve Intended Purpose?
3. Svc Proposed to be Performed by P- 4. Benefits - Justify P - Cost?
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Economic Study (Ec S)
Reqs: Study of all of Econ Implications of P: a)Demand & Supply of All P- O/P. b)P- Ability to Inc employment c)P- Multiplier" Effects (-Inc Purchase of goodsEffect
d) Effect on inc PS Revenue (income tax, sales), e) use of Locally Available resources. Assess P- Net Contribution to Econ/social welfare of community. Comparison of Econ & Social Benefits-genrtd From P-Vs Costs of Construction & Ops. B > C Proj- Economically feasible. Profitability analysis is conducted.
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Economic Feasibility (Econ F)Summary of Economic B/C of ProjExtent to which savings Passed on
Optimum timing of Proj Sensitivity AnalysisConsidering influence of variations of critical P/M discount rates,renergy cost, Construction costs, Tfc forecasts.
6. Conclusions as to Econ F or not
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Financial Feasibility- Capability of Proj Org -Raise Funds to implement proposed proj(different from economic feasibilityCultural Feasibility- Compatibility of Proposed Proj vs cultural setup of Proj environmentSocial Feasibility- Addresses influences of P-on Social System in Proj Environment Safety Feasibility Considered in Proj Plang. Analysis if Proj Capable of Implementation & Oprtd Safely -Minimal Adverse effects on masses.
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Environmental Feasibility- -Concern must be shown -Action must be taken to address any & all environmental concerns raised or anticipated-Mega Dams issues (Aswan Dam)- New Murree Proj
Political Feasibility Referred - Politically Correct Proj." Political considerations often dictate direction for a proposed proj More common in LDC
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Proj Feasibility
Market Feasibility- Market Variability & impact on Proj. Not confused with Econ/ FMket needs analysis to view:a) Potential Impacts of Market DemandB) Competitive Activities, etc. c) Divertible" Mkt Share -Available