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Essay / Research Paper Abstract
This 8 page paper considers the way in which feasibility will be studied as the beginning of a project, outlining operational, organisational, technical and financial feasibility. The paper then considers the way monitoring and control will then take place during the project. The bibliography cites 7 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEfeasbl.rtf
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Unformatted sample text from the term paper:
a project both the feasibility and the risk need to be evaluated before the decision process can take place, and will need to continue during the project to ensure all
goals are met and constraints complied with. When new projects are evaluated there is a requirement to carry out feasibility studies and
consider the risks that may be faced when the project is in the early and later stages. In the early stage assessment may be divided into four main sections for
operational feasibility, organizational feasibility, technical feasibility and economic feasibility. Operational and organisational feasibility For a project to viable it has to be realistic that the tasks required could
be undertaken and completed successfully in terms of operations. Operational feasibility may also have a large level of cross over with organisational feasibility as the two are interlinked (Rob and
Coronel, 1995). The project will only be feasible if it is able to meet the companies needs and expectations. There are several elements involved here. The operational system there
needs to be assessed. For example, a project to start building Roll Royce cars on a Mini Metro production line may be attractive on paper, but if the conveyer belt
system cannon carry the size or the weight the project will not be feasible. There are a range of existing factors that will need to be considered. There is always
a risk that a short term assessment may miss out of factors. Good operational assessments may included dry runs to fully appreciate any potential problems where existing facilities and resources
are being used. The risks may be identified, these may not be limited only to the resources not being able to cope, or the requirement for changes which have not
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