Business Consulting-data Gathering And Analysis For Project Feasibility Study
- Date: 2008-11-20 - Word Count: 329
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Some of the information required in feasibility studies may be collected from consumers, industrial sources, consultants, researchers, government ministries, foreign embassies, trade exhibitions and publications.
Data may be collected
-Through the use of external consultants for their large scale project.
-From of primary sources, including interviews, questionnaires, observation, field and laboratory experiments.
-From of secondary sources, including institutions, previous studies, technical reports, industrial processes.
Such sources usually include:
. Company records (for existing establishments)
. Consultancy and research studies and reports
. Research institutions, including the universities
. Industrial organisations (for product and market related data)
. Publications by government, its agencies (including federal office of statistics)
. Government departments, particularly industry, trade, commerce and technology
-Industrial, trade and professional associations (including Charbers of Commerce and Industry, Manufacturers Association, Employers Association, etc.)
-Foreign Embassies for information on technology, machinery, raw materials, credit schemes.
Without a good analyis, the data collected may be quite worthless. Data analysis may take the form of determining volume, frequency, pattern, trends and relationship. Analysis helps in making comparison and understanding situations.
Structure Of Feasibility Reports
1. Project Summary
2. Introduction
3. Market Analysis
4. Technical Analysis
5. Orgarnisation and Management
6. Project Cost and Funding
7. Financial Analysis:
-Operating Cost and Revenue Estimates
-Projected(proforma) Financial Statement
8. Profitability and Sensibility Analysis
9. Conclusion and Recommendations
There is no one standard outline as such. But the structure above provides a useful guide.
Quality Of Feasibility Report
1. Objectivity- report is based on careful analysis of data
2. Coverage- all aspects that are likely to affect the performance of the project are properly investigated
3. Presentation- report is presented in an orderly and logical manner. All tables and charts are properly labelled and numbered.
4. Consistency- effort is made to ensure internal consistency
5. Language- simple and clear. Information which appears to be too technical is presented as appendices
6. Decision making- the good report must enhance the project plans and decision
Conclusion
We live in a rather dynamic environment where things change quite rapidly. Feasibility study however provides the basis of minimising avoidable risks and enhances the prospects of investing on projects that will be feasible, viable, sustainable and environmentally friendly.
Data may be collected
-Through the use of external consultants for their large scale project.
-From of primary sources, including interviews, questionnaires, observation, field and laboratory experiments.
-From of secondary sources, including institutions, previous studies, technical reports, industrial processes.
Such sources usually include:
. Company records (for existing establishments)
. Consultancy and research studies and reports
. Research institutions, including the universities
. Industrial organisations (for product and market related data)
. Publications by government, its agencies (including federal office of statistics)
. Government departments, particularly industry, trade, commerce and technology
-Industrial, trade and professional associations (including Charbers of Commerce and Industry, Manufacturers Association, Employers Association, etc.)
-Foreign Embassies for information on technology, machinery, raw materials, credit schemes.
Without a good analyis, the data collected may be quite worthless. Data analysis may take the form of determining volume, frequency, pattern, trends and relationship. Analysis helps in making comparison and understanding situations.
Structure Of Feasibility Reports
1. Project Summary
2. Introduction
3. Market Analysis
4. Technical Analysis
5. Orgarnisation and Management
6. Project Cost and Funding
7. Financial Analysis:
-Operating Cost and Revenue Estimates
-Projected(proforma) Financial Statement
8. Profitability and Sensibility Analysis
9. Conclusion and Recommendations
There is no one standard outline as such. But the structure above provides a useful guide.
Quality Of Feasibility Report
1. Objectivity- report is based on careful analysis of data
2. Coverage- all aspects that are likely to affect the performance of the project are properly investigated
3. Presentation- report is presented in an orderly and logical manner. All tables and charts are properly labelled and numbered.
4. Consistency- effort is made to ensure internal consistency
5. Language- simple and clear. Information which appears to be too technical is presented as appendices
6. Decision making- the good report must enhance the project plans and decision
Conclusion
We live in a rather dynamic environment where things change quite rapidly. Feasibility study however provides the basis of minimising avoidable risks and enhances the prospects of investing on projects that will be feasible, viable, sustainable and environmentally friendly.
Related Tags: make money, business, management, consulting
Martins W Okosina is a Professional Administrator by Profession with over 5years of experience. Find out how effective business consulting can help you. www.naijaconsultingpower.com www.utimatejobsonline.blogspot.com Your Article Search Directory : Find in Articles
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