feasib - introduction
TRANSCRIPT
Writing Project Feasibility Study
Chapter 1: IntroductionSource: Writing Project Feasibility Study by Nick Aduana
Nature of Feasibility Study
systematic inquiry
proposed business activity
viability in all areas
measurement of profitability level
Systematic Inquiry
An individual conducting a study has to follow definite procedures in investigating the business opportunity that needs to be addressed.
Careful planning is very important and the scientific approach is a valuable tool.
The aspects should be well coordinated and independent. The findings of one aspect should support other areas.
Proposed business activity
It should be intended for profit
It must be regularly undertaken
It must be financial in character
Viability in all areas
There may be instances when a project is viable in one aspect of the study but not feasible in other areas.
Viability in all areas ensures a higher chance of attracting and convincing prospective investors.
Measurement of profitability level
Profitability not only within a short period but during the entire life of the business.
Measure the level of profitability of a certain project undertaking against other possible projects.
Qualities of a good feasibility study
Comprehensive
Objective
Simple
Reliable
Coming next…
Project Summary