[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