Feasibility Report Purpose:: Analysis Evaluation Project Estimated Cost Profitable
Feasibility Report Purpose:: Analysis Evaluation Project Estimated Cost Profitable
Feasibility Report Purpose:: Analysis Evaluation Project Estimated Cost Profitable
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:
Will the need still exist by the time the project is completed?
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.
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.
Goals
Resources
Software resources: Xampp for hosting SQL and PHP servers, net Browser
Hardware resources: Printer
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.
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.
It is very useful for the organization to perform work more efficiently and will help them
to work with ease.
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.
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:
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.