The business idea should be defined at the first step of the feasibility assessment, if it is a new product, service or project. The feasibility of the business idea or project can then be ascertained. The feasibility demands to account for the current conditions of the proponent. For example, the intender of the business should […]
Feasibility Assessment Process | Feasibility Study
Feasibility Assessment process and project feasibility analysis both are interrelated with each other. Project feasibility analysis is an analytical tool employed during the project planning process which reflects how the company will function in the light of the clearly specified set of assumptions. The financial aspect (cost of goods, capital needs, volume, wages etc) of […]
Program Evaluation & Review Technique – PERT Analysis
Program evaluation & review technique (PERT) was first build in 1958 and 1959 to fulfill the needs of the era of increased engineering where the techniques of Gantt and Taylor was not applicable. Program evaluation & review technique was introduced by US navy in 1958 on its Polaris Weapon System. The Booz, Allen and Hamilton […]
How to Create a Work Breakdown Structure | Levels & Characteristics
Work break down structure and planning always go hands to hands. For successful achievement of both contract and corporate goals, a plan is needed that specifies all attempts to be made assign responsibility to particularly specified organizational components and develops budgets & schedules for the achievement of the work. The program manager has the responsibility […]
Project Feasibility Analysis | Importance & Scope of Feasibility Analysis
The project feasibility analysis is the process of ascertaining the viability of proposed initiative or service (project) and giving framework & guidance for its development & delivery. Sound decisions are made in this process along with the setting of direction. Project feasibility analysis include the following. It is driven by analysis & research It generally […]
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