789:(UNIDO) software has been developed to also support the economic appraisal of projects. The COMFAR III Expert is intended as an aid in the analysis of investment projects. The main module of the program accepts financial and economic data, produces financial and economic statements and graphical displays and calculates measures of performance. Supplementary modules assist in the analytical process. Cost-benefit and value-added methods of economic analysis developed by UNIDO are included in the program and the methods of major international development institutions are accommodated. The program is applicable for the analysis of investment in new projects and expansion or rehabilitation of existing enterprises as, e.g., in the case of reprivatisation projects. For joint ventures, the financial perspective of each partner or class of shareholder can be developed. Analysis can be performed under a variety of assumptions concerning inflation, currency revaluation and price escalations.
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be considered at the early stages of the design if desired operational behaviours are to be realised. A system design and development requires appropriate and timely application of engineering and management efforts to meet the previously mentioned parameters. A system may serve its intended purpose most effectively when its technical and operating characteristics are engineered into the design. Therefore, operational feasibility is a critical aspect of systems engineering that must be integral to the early design phases.
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a given time period using some methods like payback period. Time feasibility is a measure of how reasonable the project timetable is. Given our technical expertise, are the project deadlines reasonable? Some projects are initiated with specific deadlines. It is necessary to determine whether the deadlines are mandatory or desirable.
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To ensure success, desired operational outcomes must be imparted during design and development. These include such design-dependent parameters as reliability, maintainability, supportability, usability, producibility, disposability, sustainability, affordability, etc. These parameters are required to
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The constraints are the standard constraints of calendar, costs and norms of quality that can each be objectively determined and measured along the entire project lifecycle. Depending on projects, portions of the study may suffice to produce a feasibility study; smaller projects, for example, may not
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A time feasibility study will take into account the period in which the project is going to take up to its completion. A project will fail if it takes too long to be completed before it is useful. Typically this means estimating how long the system will take to develop, and if it can be completed in
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implementation. A feasibility study evaluates the project's potential for success; therefore, perceived objectivity is an important factor in the credibility of the study for potential investors and lending institutions. It must therefore be conducted with an objective, unbiased approach to provide
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The technical feasibility assessment is focused on gaining an understanding of the present technical resources of the organization and their applicability to the expected needs of the proposed system. It is an evaluation of the hardware and software and how it meets the need of the proposed system
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A project feasibility study is a comprehensive report that examines in detail the five frames of analysis of a given project. It also takes into consideration its four Ps, its risks and POVs, and its constraints (calendar, costs, and norms of quality). The goal is to determine whether the project
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is one of the most important sections of the feasibility study as it examines the marketability of the product or service and convinces readers that there is a potential market for the product or service. If a significant market for the product or services cannot be established, then there is no
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The four Ps are traditionally defined as Plan, Processes, People, and Power. The risks are considered to be external to the project (e.g., weather conditions) and are divided in eight categories: (Plan) financial and organizational (e.g., government structure for a private project); (Processes)
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Operational feasibility is the measure of how well a proposed system solves problems and takes advantage of the opportunities identified during scope definition and how it satisfies the requirements identified in the requirements analysis phase of system development.
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environmental and technological; (People) marketing and sociocultural; and (Power) legal and political. POVs are Points of
Vulnerability: they differ from risks in the sense that they are internal to the project and can be controlled or else eliminated.
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This assessment is based on an outline design of system requirements, to determine whether the company has the technical expertise to handle completion of the project. When writing a feasibility report, the following should be taken to consideration:
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It determines whether the proposed system conflicts with legal requirements, e.g., a data processing system must comply with the local data protection regulations and if the proposed venture is acceptable in accordance to the laws of the land.
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is an assessment of the practicality of a project or system. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the
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The operational feasibility assessment focuses on the degree to which the proposed development project fits in with the existing business environment and objectives about the development schedule, delivery date,
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The selection among a number of methods to produce the same commodity should be undertaken first. Factors that make one method being preferred to other method in agricultural projects are the following:
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In 1983 the first generation of the
Computer Model for Feasibility Analysis and Reporting (COMFAR), a computation tool for financial analysis of investments, was released. Since then, this
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Once the method of production and its technique are determined, technical people have to determine the projects' requirements during the investment and operating periods. These include:
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project. Typically, market studies will assess the potential sales of the product, absorption and market capture rates and the project's timing. The feasibility study outputs the
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Describe how much time is available to build the new system, when it can be built, whether it interferes with normal business operations, type and amount of resources required,
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786:
1087:
O'Brien, J. A., & Marakas, G. M. (2011). Developing
Business/IT Solutions. In Management Information Systems (pp. 488-489). New York, NY: McGraw-Hill/Irwin.
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Availability of various services related to the project such as availability of extension services or veterinary or water or electricity or good roads ...etc.
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Determination of projects' requirements of constructions such as buildings, storage, and roads ...etc. in addition to internal designs for these requirements.
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Georgakellos, D. A. & Marcis, A. M. (2009). Application of the semantic learning approach in the feasibility studies preparation training process.
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After we determine the appropriate method of production of a commodity, it is necessary to look for the optimal technique to produce this commodity.
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Pouliquen, Louis Y. Risk
Analysis in Project Appraisal. World Bank Staff Occasional Papers, no. 11. Baltimore: Johns Hopkins University Press, 1970.
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Various efficiency factors such as the expected increase in one additional unit of fertilizer or productivity of a specified crop per one thing
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and policies, financial data, legal requirements and tax obligations. Generally, feasibility studies precede technical development and
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Determination of construction period concerning the costs of designs and consultations and the costs of constructions and other tools.
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required to carry through, and ultimately the prospects for success. In its simplest terms, the two criteria to judge feasibility are
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A well-designed feasibility study should provide a historical background of the business or project, a description of the
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Financing of the project in terms of its capital structure, debt to equity ratio and promoter's share of total cost
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Determination of tools and equipment needed for the project such as drinkers and feeders or pumps or pipes ...etc.
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Caiden, Naomi, and Aaron
Wildovsky. planning and Budgeting in Poor Countries. New York: John Wiley and Sons, 1974
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The costs of transporting inputs and outputs to the project's location (i.e., the distance from the markets).
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Determination of projects' requirements of skilled and unskilled labor and managerial and financial labor.
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The impact of the project on the environment and the approval of the concerned institutions for license.
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Rate of conversion to cash-liquidity (i.e., how easily the various assets can be converted to cash).
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Determination of minimum storage of inputs, cash money to cope with operating and contingency costs.
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Blecke, Curtis. Financial
Analysis for Decision making. Englewood Cliffs, N.J.: prentice-Hall, 1966
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Justis, R. T. & Kreigsmann, B. (1979). The feasibility study as a tool for venture analysis.
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A brief description of the business to assess more possible factors which could affect the study
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The most important factors that determine the selection of project location are the following:
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Availability of markets for outputs of each method and the expected prices for these outputs.
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used to define five areas of feasibility that determine whether a project should run or not.
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New York, NY: Taylor and
Francis, CRC Press. 546 pages. ISBN 9 781498 757911. See page 130.
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In case of a new project, financial viability can be judged on the following parameters:
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COMFAR III Expert
Reference Manual United Nations Industrial Development Organisation.
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931:"(A case study of the importance of Feasibility students to co-operative investment)"
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1023:"Interrelated Attributes of Project Feasibility: Visualizing the TELOS Framework"
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Feasibility studies as a tool for successful co-operative business enterprises
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The financial viability of a project should provide the following information:
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Full details of the assets to be financed and how liquid those assets are.
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Availability of inputs or raw materials and their quality and prices.
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O - Operational — How will the current operations support the change?
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E - Economic — Can the project be afforded? Will it increase profit?
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Project feasibility – Tools for uncovering points of vulnerability.
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Sensitivity in the repayments capability to the following factors:
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should go ahead, be redesigned, or else abandoned altogether.
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Availability of land (proper acreage and reasonable costs).
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At this level, the concern is whether the proposal is both
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United
Nations Industrial Development Organization (UNIDO)
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Existing investment by the promoter in any other business
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Initiating Phase - Feasibility Study
Request and Report
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System Analysis & Design for the Global Enterprise
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Assessment of the practicality of a project or system
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T - Technical — Is the project technically possible?
787:United Nations Industrial Development Organization
114:the frame of dominant and contingency strategies.
761:Project's funding potential and repayment terms.
123:require an exhaustive environmental assessment.
86:information upon which decisions can be based.
1214:https://pilotandfeasibilitystudies.qmul.ac.uk/
915:Young, G. I. M. (1970). Feasibility studies.
858:Business Journal of Small Business Management
8:
690:. Unsourced material may be challenged and
610:. Unsourced material may be challenged and
514:. Unsourced material may be challenged and
426:. Unsourced material may be challenged and
327:. Unsourced material may be challenged and
241:. Unsourced material may be challenged and
1130:Finance, Department of (30 October 2013).
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710:Learn how and when to remove this message
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261:Learn how and when to remove this message
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69:, accounting statements, details of the
1203:United States Department of Agriculture
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175:The part of the business being examined
1191:"Cooperative Feasibility Study Guide"
1039:10.14293/s2199-1006.1.sor-.ppt0zrs.v1
747:Projected cash flow and profitability
181:The possible solutions to the problem
7:
1096:Bentley, L & Whitten, J (2007).
688:adding citations to reliable sources
608:adding citations to reliable sources
512:adding citations to reliable sources
424:adding citations to reliable sources
325:adding citations to reliable sources
239:adding citations to reliable sources
1118:Systems Engineering & Analysis
738:Total estimated cost of the project
195:feasible (assuming moderate cost).
1208:Rural Business-Cooperative Service
158:— Can the project be done in time?
98:The five frames of analysis are:
32:Feasibility study (disambiguation)
25:
1170:Michele Berrie (September 2008),
973:. Cengage Learning. p. 188.
770:Acute reduction/slowing of sales.
564:and existing business processes.
148:L - Legal — Is the project legal?
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1132:"ASSESSING FINANCIAL VIABILITY"
970:Information Technology Auditing
1226:Hoagland & Williamson 2000
1000:. Payne Gallway. p. 176.
994:P. M. Heathcote (April 2005).
889:Project Leadership and Society
871:Information Systems Management
105:the frame of contextual risks;
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967:James Hall (23 August 2010).
551:Operational feasibility study
178:The human and economic factor
779:Adverse economic conditions.
1263:Business process management
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1021:McLeod, Sam (2021-06-29).
902:10.1016/j.plas.2021.100022
883:McLeod, Sam (2021-12-01).
108:the frame of potentiality;
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647:Other feasibility factors
953:Mesly, Olivier. (2017).
825:Mining feasibility study
803:feasibility study report
102:The frame of definition;
798:Market research studies
776:Large increase in cost.
773:Small increase in cost.
767:Mild slowing of sales.
1110:Benjamin S. Blanchard
730:Financial feasibility
163:Technical feasibility
111:the parametric frame;
820:Environmental impact
684:improve this section
652:Resource feasibility
604:improve this section
508:improve this section
420:improve this section
363:Project requirements
321:improve this section
289:Production technique
235:improve this section
203:Method of production
30:For other uses, see
1241:Allan Thompson 2003
1142:on 17 December 2017
1120:. 5th ed. (p. 361).
1100:. 7th ed. (p. 417).
1030:Scienceopen Posters
997:'A' Level Computing
44:natural environment
1273:Project management
1268:Evaluation methods
1246:2011-08-12 at the
1196:2012-03-24 at the
1136:www.finance.gov.au
136:project management
79:marketing research
18:Feasibility report
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75:management
71:operations
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48:resources
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