Feasibility Analysis Of Project And Using Resources

The organization of any project by aligning the organizational resources in tune with the objectives of the project is critical for the success of any project (Cleland & King, 1988). The present project feasibility study report examines the feasibility of the nickel mine project proposed to be initiated in the Kumahatata city of African subcontinent. The purpose of this report is two-fold. The primary purpose of this report is to yield the necessary information to the client company furnishing the estimated cost values and the revenues that the project will provide in future. The project planning involves the structuring of the various activities and ensuring project success factors like timely completion, commitment, risk, competencies, liabilities etc. (Chan, Ho, & Tam, 2001). The information of these costs involved in delivering the project requirements and the other estimates about the projected payback period, revenue etc. will also to help the client company to procure the government approval necessary for the initiation of the project work along with strengthening the company’s case to get the funds from the government. Further, if the project feasibility study report is able to get a favourable response from the government authorities, it can be utilized during the phase of actual project implementation by helping and facilitating the completion of the proposed work in a physically structured and scheduled manner. The report will serve as a medium

Evaluating the risks, calculating the probability of success, and factoring in the projected profit from sales will provide a clearer NPV to be compared with other projects in 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.

There are three types of analysis that have been used in determining project feasibility which are operational, technical, and economic. All three are important in determining this.

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

The first step will be to look at the goals of the project, and align them with the mission of the company. Systematically, the project will be broken into phases: Planning, Organizing, Staffing, Directing, Coordinating, Budgeting, Evaluating, and Reporting. Each phase will be further broken down into tasks and placed into a work breakdown structure. From this view, one is able to see the entire project duration, critical path, and milestones. The Planning phase is integral in any project. This phase of the project defines project objectives, mission, goals, and approach. In addition, outlining key elements of the project is critical: performance expectations, risks analysis, and contingency plans. However, after completion

Information about the project’s background will be provided to help understand how the project came about. The case study should also include a section on a scenario where the project will have an impact. Building on this scenario, the case study will provide an explanation of all the features of the project and how they will be beneficial to the sponsor. The associated risks should be provided to show the possible negative impacts that the project may impose on the company. A schedule will need to be provided to outline when the product will be delivered or when pieces of the project will be delivered. The project schedule may include a list of the project requirements need to fulfill each piece of the project. One of the biggest components of the case study is a detailed financial analysis. This section will list what is the expected cash out flow the company is responsible for and what the financial benefits are. This financial analysis will be tied to a timeline to show when the project will start making money after its completion. This section may include a lot of details on where the money is going to be spent so that all money is accounted for. A final section may include what the exact deliverable will do when it is completed and what resources will be needed to maintain the completed product or

A feasibility analysis must take into consideration of all stakeholders by analyzing the market and overall industry. In Deuteronomy 25:13-15: "You shall not have in your bag differing weights, a large and a small. You shall not have in your house differing measures, a large and a small. You shall have a full and just weight; you shall have a full and just measure, that your days may be prolonged in the land which the Lord your God gives you."

What is a feasibility study? The feasibility study is a very specific state-guided process that requires an outside project manager to study the educational needs, overcrowding issues, explore whether to renovate/repair or rebuild, estimate costs, etc. Once the feasibility study is done, the town will receive estimated project costs. If the feasibility study is approved, the vote to approve the total project construction costs should be in the fall of

Analysis of changes in payments (base this on economic factors e.g utility bills, minimum wages rises, stock linked to sales.

The investigation and analysis processing during the planning stage would give developers and stakeholder opportunities to evaluate the feasibility, cost and time frame and funding of the proposed development at more accurate level. The final development solution could be adjusted or rejected due to the actual statistics. The planning processing should not only focus on the building structure and other physical facilities, but also extend to the benefits of economy, environment, community and etc.

There are some important factors that a manager should know before sending a project for their execution but one the marks the results of what the project will mean to the company is the cost and benefit analysis, which is very important information to who ever is going to do the project or to the person that is planning the project.

The nature and scope of a project is determined at the initiation stage. This involves analyzing the business needs, developing goals, budgets, tasks, deliverables, and the stakeholder analysis. The project planning stage determines the planning team, develops the scope, and identifies work breakdown structure and activities that will be needed to complete deliverables. The planning stage also estimates time and cost activities, develop schedule and risk plan, and gain formal approval for work to begin. The executing stage involves all processes used to meet the project requirement and involves managing people and resources. The process that entails the identification of potential problems and

A comprehensive project scope analysis serves several benefits that permit a company to guide the dream of a project to a successful completion.  One benefit is transforming the idea of the project into a working concept.  Once the concept is developed, project details can be mapped out.  Scope analysis outlines each step of the project in a detailed manner.  The primary benefit to this is it aligns the project so that the final product will be consisted with the original goals/objectives.  By outlining each step, scope analysis increases the likelihood that the project will stay within budget and time constraints as well as meet predetermined specifications and quality parameters.

The following paper analyzes a project from financial perspectives using the capital budgeting techniques like Net Present Value (NPV) and Internal Rate of Return (IRR).