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Feasibility AnalysisSpring2011

Feasibility AnalysisSpring2011 - Feasibility Analysis By...

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Feasibility Analysis By: Professor Wilmer Arellano
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"Prevention is better than cure" is hardly practiced and it is only when a surprise boils into a crisis that managers react. Hariharan Controller Perstorp Aegis Chemicals Pvt Ltd.
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Overview Feasibility Definitions Goals Types of Feasibility Feasibility Assessment 1 to 5 Score Weighted Score Pugh’s Method Risk
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Definitions for Feasibility The quality of being doable WordNet® 2.1, © 2005 Princeton University A feasibility study is: a detailed analysis of a company and its operations that is conducted in order to predict the results of a specific future course of action. http://www.answers.com/topic/feasibility- study-2
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Goals Will the project be a success? The objective of a feasibility study is: To find out if a project can be done:
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Types of Feasibility Technical Resource Economic Schedule Operational Cultural Legal Marketing
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Technical Feasibility Is the project possible with current technology? Does the technology exist at all? Is it available locally? Can it be obtained? Are fundamentally new inventions required? How much Technical Risk is there?
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Resource Feasibility Do we have sufficient skills? Do we have sufficient equipment? Do we have sufficient number of people? How much Resource Risk is there?
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Economic Feasibility Is the project possible, given resource constraints? What benefits will result from the system? Both tangible and intangible benefits Quantify them! What are the development and operational costs? Are the benefits worth the costs? How much Economic Risk is there?
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Economic Feasibility Tangible Benefits Readily quantified as $ values, examples: decreased costs increased sales error reductions increased throughput/efficiency increased margin on sales more effective use of staff time Intangible benefits Difficult to quantify, but maybe more important, examples: improved staff morale increased flexibility of operation higher quality products/services better customer relations
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Schedule Feasibility What are the chances of meeting the intermediate mileposts? What are the chances of meeting the PDR (Preliminary Design Review) requirements? What are the chances of meeting the CDR (Critical Design Review) requirements?
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Feasibility Analysis The PDR is a multi-disciplined technical review to ensure that the system under review can proceed into detailed design, and can meet the stated performance requirements within cost (program budget), schedule (program schedule), risk, and other system constraints.
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