[Topic 3] Technical Aspect Flashcards
An analysis of relevant factors or aspects to determine the practicality and the likelihood of the proposed project or business venture to be successfully completed.
Feasibility Study
Types or aspects of feasibility study
- Technical feasibility study
- Market feasibility study
- Management feasibility aspect
- Financing feasibility aspect
- Financial feasibility study
- Economic feasibility study
- Environmental feasibility study
- Cultural feasibility study
- Social feasibility study
- Political feasibility study
This feasibility study determines the success of the proposed project by looking at different considerations in the process: materials and labor, logistics, and relevant technology.
Technical Feasibility Study
This feasibility study aims to understand the market profile and analyze the existence of demand to make determine the venture’s success.
Market Feasibility Study
This feasibility aspect aims to determine the option effectiveness of the organizational setup and qualifications of the individual who will make-up the organization.
Management Feasibility Aspect
This feasibility aspect explores the different forms of business ownership and the option effectiveness of various sources of funds that will finance the proposed project.
Financing Feasibility Aspect
This feasibility study assesses the success of the proposed project by evaluating the following projected components: project cost, revenues, assets, liabilities, and cash flows.
Financial Feasibility Study
This feasibility study considered the cost-benefit analysis to be greater in details and covers more cost (tangible, intangible, & opportunity) than that of the financial feasibility analysis.
Economic Feasibility Study
This feasibility studies evaluate the degree of impacts of the proposed project in terms of human & environmental health.
Environmental Feasibility Study
This feasibility studies evaluate the degree of impacts of the proposed project in terms of local & general culture.
Cultural Feasibility Study
This feasibility studies evaluate the degree of impacts of the proposed project in terms of social participations & relations.
Social Feasibility Study
This feasibility studies evaluate the degree of impacts of the proposed project in terms of policy-making initiatives.
Political Feasibility Study
Technical factors in the technical aspect
- Product
- Raw Materials
- Manufacturing Process
- Plant Size and Production Schedule
- Machinery
- Plant Location
- Plant Layout
- Structures
- Utilities
- Waste Disposal
Involved in the Product factor
- Specs (weight, size, physical & chemical properties)
- Uses
- Product tests
- Quality assurance
Involved in the Raw Materials factor
- Specs or description
- QC/QA
- Alternative raw materials
- Raw materials development
- Feed requirements
- Availability
- Supplier reliability
- Cost movement
Involved in the Manufacturing process factor
- Flowchart and description
- Reliability and alternative advantages
- License
- Process development
Involved in the Plant size and production schedules factor
- Daily and annual capacity
- Shifts per day
- Minimum economical plant size
- Provisions for expansion
- Capacity forecasting
Involved in the Machinery factor
- Major equipment
- auxiliary units (transport, materials handling, standby units)
- Specs and functions
- Rated capacities
- Maintenance schedules
- Suppliers information and arrangements
What is a standby units?
The units kept for the standby (spare) mode in case of equipment failures.
What are included in suppliers’ information and arrangements?
- Quotations
- Warrantees
- Delivery
- Payment
Involved in plant location factor
- Map
- Desirability (distance from utilities, raw mat, market, transport)
- Alternative locations
Involved in plant layout factor
- Layout map
- Materials flow
- Material handling and storage
- Expansion provisions
Involved in the structures factor
- Building
- Land improvements
What are the considerations for buildings?
- Integrity
- Ventilation and air conditioning
- Safety
- Special provisions
What are the considerations for land improvements?
- Roads in vicinity
- Drainage system
- Fences
Involved in the utilities factor
Water, Electricity, Energy, Fuel
1. User
2. Requirement
3. Balance
4. Availability
5. Sources
6. Reliability of source
7. Alternative sources
8. Cost
9. Average and peak demands
10. Storage and distribution
Involved in the waste disposal factor
- Waste description and quantity
- Characterization
- Method of treatment and disposal
- Alternative methods
- Cost
- Clearance/compliance
Levels for waste in plant design from most to least favored option.
- Prevention
- Minimization
- Reuse
- Recycling
- Energy recovery
- Disposal