I was planning to stay in touch with my family and friend living in Taiwan by posting my diaries on my blog. However, following up different blogs has been part of my life to keep up with the world.
To answer that question, you need to know what the word "feasibility" means. Have you ever considered making a major purchase, for example, a brand new car, a house, a computer, even a new wardrobe?
When you think about making a major purchase, what do you do? You ask yourself several questions, for example: What kind do I want?
What features do I want? What will it cost? What are the maintenance requirements and how much will they cost? What are the short-term and long-term implications for the rest of the household budget? Can I buy now or do I have to wait awhile?
If I have to wait, for how long? When businesses, agencies, communities, or other entities conduct feasibility studies, they usually do it because of some perceived need or desire.
They want to make some sort of change, add some sort of facility, equipment, process, system, personnel, or service that will increase their capacity in some way or another. The feasibility study is that process. The feasibility report is the documentation of that process.
The report shows the reader usually someone who has asked for the study to be done what the issue is, how it was researched, what the findings of the research are, what alternatives possible solutions are available and which one or ones are feasible possible and why, and what the overall recommendations are as a result of the study process.
The report must be organized and presented visually in such a way as to support the point of the study and make clear what has been done.
It needs to look professional and be crisp, clean, and clear. Why Prepare Feasibility Studies? Developing any new business venture is difficult.
Taking a project from the initial idea through the operational stage is a complex and time-consuming effort. Most ideas, whether from a cooperative or an investor owned business, do not develop into business operations.
If these ideas make it to the operational stage, most fail within the first 6 months. Before the potential members invest in a proposed business project, they must determine if it can be economically viable and then decide if investment advantages outweigh the risks involved.
Many cooperative business projects are quite expensive to conduct. The study allows groups to preview potential project outcomes and to decide if they should continue. Although the costs of conducting a study may seem high, they are relatively minor when compared with the total project cost.
The small initial expenditure on a feasibility study can help to protect larger capital investments later. Feasibility studies are useful and valid for many kinds of projects. Evaluation of a new business venture, both from new groups and established businesses, is the most common, but not the only usage.
Studies can help groups decide to expand existing services, build or remodel facilities, change methods of operation, add new products, or even merge with another business.
A feasibility study assists decision makers whenever they need to consider alternative development opportunities. Feasibility studies permit planners to outline their ideas on paper before implementing them.
This can reveal errors in project design before their implementation negatively affects the project. Applying the lessons gained from a feasibility study can significantly lower the project costs. The study presents the risks and returns associated with the project so the prospective members can evaluate them.
There is no "magic number" or correct rate of return a project needs to obtain before a group decides to proceed. The acceptable level of return and appropriate risk rate will vary for individual members depending on their personal situation. Cooperatives serve the needs and enhance the economic returns of their members, and not outside investors, so the appropriate economic rate of return for a cooperative project may be lower than those required by projects of investor-owned firms.
Potential members should evaluate the returns of a cooperative project to see how it would affect the returns of all of their business operations.
The proposed project usually requires both risk capital from members and debt capital from banks and other financiers to become operational. Lenders typically require an objective evaluation of a project prior to investing.A control group refers to a group of patients in a study, that any intervention group is compared to.
This helps to show that the intervention actually caused what . disadvantage, we mean cross-group diﬀerences in the quality and quantity of available household resources, child-rearing inputs (e.g., nutrition, safety in the home and the neighborhood, stimuli), and parental attention.
Advantages and Disadvantages of Surveys. Susan E. DeFranzo November 16, the mode should depend on the type of study and the demographics of respondents. Online surveys and mobile surveys tend to be the most cost-effective modes of survey research, yet they may not reach those respondents that can only respond using alternate modes.
Using data from a large epidemiological case–control study of first-episode psychosis, we aimed to investigate whether strong ethnic identification is a factor contributing to the excess of psychosis in BME groups compared with the White British, after adjustment for perceptions of disadvantage.
People behind ManagementStudyHQ are a team of experts who have gained lot of experience in corporate world through management related trainings. The study is not a business plan that is developed later in the project development process and functions as a blueprint for the group’s business operations.
The plan presents the group's intended responses to the critical issues raised in the study.