Negrican Sandalcı 030070084 1st Week

Feasibility  (New / Better)

Feasibility is a method of determining strengths and weaknesses of a business plan by the environment, resources and aims. There are two important points ; financial requriements and the value of job. A well deging of feasibility study must contain a hystorical background of the project, a good definition of the project, details of marketinf resarch, financial data, legal processes and operations including disadvantages.

A critical element in the analysis of your business idea’s feasibility is evaluating how much of the

business’s financial needs you can meet from your personal resources.

It is often helpful in the process of business feasibility analysis to be able to picture a step-by-step flow.

The chart shown below provides you a way to visualize some of the critical steps that need to be undertaken before starting your business. Following the step-by-step process pictured in this flow chart can help make sense out of what can be a detailed and sometimes confusing process.

While completing these steps does not guarantee success in business, your detailed attention to them will improve your chances of success. They will help you evaluate your business idea before you or other people make a financial commitment. The sections of this business feasibility workbook provide details for completing each of the steps listed.

 ( Baker, Sunny and Baker, Kim, Market Mapping: How to Use Revolutionary New Software to Find, Analyze and Keep Customers,

(New York: McGraw-Hill, Inc.) ) 

Feasibility  (Old)

Feasibility is defined as an evaluation or analysis of the potential impact of a proposed project or program. It is conducted to assist decision-makers in determining whether or not to implement a particular project or program. It is based on extensive research on the current practices and the proposed project/program and its impact. It will contain extensive data related to financial and operational impact and will include advantages and disadvantages of both the current situation and the proposed plan.(A. Urkiagaa, L. De las Fuentesa, B. Bisb, E. Chiruc, B. Bodod, F. Hernándeze, T. Wintgensf, Methodologies for feasibility studies related to wastewater reclamation and reuse projects, pg:263-269)