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Feasibility Report Purpose:: Analysis Evaluation Project Estimated Cost Profitable

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FEASIBILITY REPORT

Purpose:
The purpose of the Feasibility Study is an analysis and evaluation of a proposed project to
determine if
it is technically feasible, is feasible within the estimated cost, will be profitable.

Scope:
In general terms, the elements of a feasibility analysis for a project should cover the following:

1.Need Analysis:
This indicates recognition of a need for the project. The need may affect the
organization itself, another organization, the public, or the government. A preliminary
study is then conducted to confirm and evaluate the need. A proposal of how the need
may be satisfied is then made. Pertinent questions that should be asked include:

Is the need significant enough to justify the proposed project?

Will the need still exist by the time the project is completed?

What are the alternate means of satisfying the need?

What are the economic, social, environmental, and political impacts of the need?

2.Process Work:
This is the preliminary analysis done to determine what will be required to satisfy the
need. The work may be performed by a consultant who is an expert in the project field.
The preliminary study often involves system models or prototypes. For technology
oriented projects, artist's conception and scaled-down models may be used for
illustrating the general characteristics of a process. A simulation of the proposed
system can be carried out to predict the outcome before the actual project starts.

3.Engineering and Design:


This involves a detailed technical study of the proposed project. Written quotations are
obtained from suppliers and subcontractors as needed. Technology capabilities are
evaluated as needed. Product design, if needed, should be done at this time.

4.Cost Estimate:
This involves estimating project cost to an acceptable level of accuracy. Levels of
around -5% to +15% are common at this level of a project plan. Both the initial and
operating costs are included in the cost estimation. Estimates of capital investment and

of recurring and nonrecurring costs should also be contained in the cost estimate
document. Sensitivity analysis can be carried out on the estimated cost values to see
how sensitive the project plan is to the estimated cost values.

5.Financial Analysis:
This involves an analysis of the cash flow profile of the project. The analysis should
consider rates of return, inflation, sources of capital, payback periods, breakeven point,
residual values, and sensitivity. This is a critical analysis since it determines whether or
not and when funds will be available to the project. The project cash flow profile helps
to support the economic and financial feasibility of the project.

6.Project Impacts:
This portion of the feasibility study provides an assessment of the impact of the
proposed project. Environmental, social, cultural, political, and economic impacts may
be some of the factors that will determine how a project is perceived by the public. The
value added potential of the project should also be assessed. A value added tax may be
assessed based on the price of a product and the cost of the raw material used in making
the product. The tax so collected may be viewed as a contribution to government
coffers.

7.Conclusions and Recommendations:


The feasibility study should end with the overall outcome of the project analysis. This
may indicate an endorsement or disapproval of the project. Recommendations on what
should be done should be included in this section of the feasibility report.

Feasibility Study Steps


Whether you are working for a client to see if a business, product, project, or process is feasible,
follow these steps. In our Virtual Classroom we will find an example of a feasibility study for a
client and a feasibility study template you can use to assist you.
Project Description Our project is virtual classroom, which will bridge gap between
school/collage an study by interesting method.

Goals

Decrease chaos during result time.

Increase multiple access of database at different places.


Allow students to clear their doubt regarding any subject from their
respective homes.

Decrease documentation work.

Timeline The project require 5 week for completion.

Costs and Budgeting Our estimated project cost is 1000/-.

Purpose The purpose is to create interest among students.

Resources
Software resources: Xampp for hosting SQL and PHP servers, net Browser
Hardware resources: Printer

Project Process Project flow explained in overview point..

Management and Teams Our team leader manages all estimated cost with actual cost.

FEASIBILITY STUDY

The project on completion will serve the purpose of the organization like

It will serve the details of students and will be easily accessible to the faculty, parents,
placement cell and to the student itself.

It will show the notifications regarding the attendance, result etc.

It will help in the evaluation process of the students.

Teachers and students can access the data available on the site whenever and wherever
they want.

Users can post their queries at anytime in the forum, and other users can answer those
queries.

The project is feasible as :

It is very useful for the organization to perform work more efficiently and will help them
to work with ease.

It will help to save ample amount of time.

The data involved will be safe and secured.

The paper work will be reduced, and the manpower involved will be less comparatively.

It has the ability to meet the users needs and it makes effective use of its resources.

In future it can be further modified by adding various different modules.


.
TECHNICAL FEASIBILITY
The system is evaluated from the technical point of view.
The system uses XAMPP with PHP 5.6.3 for hosting the site and the contents of the database.
Technical issues raised during the investigation are:

Does the existing technology sufficient for the suggested one?


Can the system expand if developed?
The necessary functions and performance are achieved within the constraints.
The project is developed within latest technology.
Through the technology may become obsolete after some period of time, due to the fact that
newer version of same software supports older versions, the system may still be used. So there
are minimal constraints involved with this project. The system has been developed using java
script, PHP and SQL. The project is technically feasible for development.
ECONOMIC FEASIBILITY
The developing system is justified by cost and benefit. Criteria to ensure that efforts are
concentrated on project, which will give best, return at the earliest. One of the factors, which
affect the development of a new system, is the cost it would require.

The cost conducts of the full system are low.


The costs of the hardware and software are negligible
The benefits as a result of reduced costs are high.

Since the system is developed as part of project work, there is no manual cost to spend for the
proposed system. Also all the resources are already available, it gives an indication of the system
is economically possible for development.
BEHAVIORAL FEASIBILITY
This includes the following questions:

Is sufficient support for users?

Is the proposed system is harmless


o
The project would be beneficial because it satisfies the objectives when developed.
o
All behavioural aspects are considered carefully and it is concluded that the project is
behaviourally feasible.

Outcomes of a Feasibility Study:

Project Problems Project may become boring.

Alternatives Uploaded videos and program set of our project which will boost students
confidence and create interest.

Assessment Any risk as well as bugs attack can be handled by management team.

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