Technology and Livelihood Education 3 2nd Quarter Examination SY 2012-2013

Submitted To: Mrs. Sheila O. Dipol Subject Teacher

Submitted By: Angelica Anne C. Velasco 3rd Year- B

1. Discuss the importance of a project feasibility study. A Feasibility study is very important for a business. It makes an analysis of all the aspects of a business. The external factors influencing it and also the internal factors. It also analyzes all the costs associated with the project and how the material would be sourced. On the other hand, it will also make an estimate of how much sales are to be expected and what profits would the project make. If the results of the feasibility study are favorable, it is logical to proceed with it. Whereas on the other hand, if the results are not favorable, no businessman will take a risk on it. 2. Discuss the different components of a project feasibility study and the things needed to take into consideration under each component. 1. The PROJECT SCOPE which is used to define the business problem and/or opportunity to be addressed.. It is also necessary to define the parts of the business affected either directly or indirectly, including project participants and end-user areas affected by the project. The project sponsor should be identified, particularly if he/she is footing the bill. 2. The CURRENT ANALYSIS is used to define and understand the current method of implementation, such as a system, a product, etc. From this analysis, it is not uncommon to discover there is actually nothing wrong with the current system or product other than some misunderstandings regarding it or perhaps it needs some simple modifications as opposed to a major overhaul. 3. REQUIREMENTS - how requirements are defined depends on the object of the project's attention. For example, how requirements are specified for a product are substantially different than requirements for an edifice, a bridge, or an information system. Each exhibits totally different properties and, as such, are defined differently. How you define requirements for software is also substantially different than how you define them for systems. 4. The APPROACH represents the recommended solution or course of action to satisfy the requirements. Here, various alternatives are considered along with an explanation as to why the preferred solution was selected.

3. Discuss the importance of demand and supply in a project feasibility study. The importance of the data of the demand and supply shows the marketing gap. Take not that if there is still higher demand with the supply then the marketing analysis is viable. However, if supply is higher than the demand then do not continue the project. The market share for the demand provides the important basis on how to get higher market share once the project is operational. 4. Discuss the different activities in preparing a technical study. The Technical Feasibility Study assesses the details of how you will deliver a product or service (i.e., materials, labor, transportation, where your business will be located, technology needed, etc.). Think of the technical feasibility study as the logistical or tactical plan of how your business will produce, store, deliver, and track its products or services. A technical feasibility study is an excellent tool for trouble-shooting and longterm planning. In some regards it serves as a flow chart of how your products and services evolve and move through your business to physically reach your market. 5.