Business Feasibility Study

Cost Analysis: Finance will develop an investment plan spread over the projected timeline and secure capital investment to fund the plan.

C) intellectual property: Intellectual property is any piece of work that you have created yourself using your own intelligence and creativity. Intellectual property is protected by the law by patents, copyright, and trademarks, which protects the property of the holder by giving the

Along with the Benefit Measurement Method, Constrained optimization method can also be used which involves mathematical approach. Since this method involves the mathematical approach, several calculations are performed in order to take a decision to accept or reject the project. “Mathematical models, also known as Constrained Optimization Methods, are a category of project selection methods, which is a tool and technique of the Develop Project Charter process” (PMP, 2008). Cost-benefit analysis is one of the methods which fall into this category. All the positives and negatives of the project are taken into consideration and then the negatives are carefully excluded from the benefits. Different results are produced for the different projects. The most worthy and financially rewarding option are selected from these results. When employing this method, there are many things that are to be considered such as the impact of the decision on the development of the organization in the future, the length of time the equipment lasts and whether it is possible to do the cost control during the project.

The legal requirement in relation to security and confidentiality are described by in the Data Protection Act 1998 and says that anyone who records information about individuals is classed as a data processor under the Act and is required by law to process the data fairly and lawfully. The Act prevents the unauthorised use of data and so protects the privacy of individuals. The Act also says never to disclose information that my organisation holds about individuals.

Under the Data protection Act 1998 any organisation which holds confidential information on individuals should be registered with the Information Commissioner. This safeguards personal information and prevents it for being passed onto to another organisation without permission from the individual. There are eight principles which restrict the use of personal information, they state that the information must be:

Answer: Intellectual property is a property that is owned by an individual or an organization which can then choose to share it freely or to control its use in certain ways. It can

A thorough feasibility analysis needs to include a number of dimensions to assure that the company accounts for all of its

The Data Protection Act requires all staff in an organisation to keep their data safe. Including personal data and work data, this needs to be saved in protected storage files.

If the business was to make an investment on a project that was not right or not profitable the smart thing to do would be to not invest in the project or consider it at all. An investment that does not make any money can be wasteful for the business and make it lose a lot of money in the long run. That is why it is important for those who make the decision to evaluate all of their alternatives, risks, and returns, etc in order to decide on whether or not to reject or accept a project that it might have in mind.

Any organization that keeps and processes personal data has to be registered under the Data Protection Act 1998.

The Office of Fair Trading monitors and ensures that all businesses are at even level with consumers. The law protects a business from being demoted by its competitors.

Intellectual property rights grant negative rights to the owner of such rights. Intellectual property is intangible property which serves to safeguard the interest of the owners from infringement. Intellectual property rights are deemed to confer negative rights because render to the owner the right to prevent others from using or exploiting his/ her property. There are basically four types of intellectual property, patents, trademarks, designs and copyright (Harvey, 2009).

The analysis of the financial projection in this report is based on the assumptions and the information which you (client) provided. These assumptions and information can be change with the passage of time. The

Intellectual property is an asset to an individual or a business. Even though intellectual property is intangible, it is very important to protect it. Protection of intellectual property can be one of the most important business decisions one can make.

Intellectual property is critical to many companies in order to foster innovation and boosting their revenues. Many industries rely on the protection of patents, trademarks and copyrights as they are valuable assets for companies’ success. By protecting intellectual properties, it ensures that the original owner reaps full benefits from his/her ideas, features, products and creations.