Cost-Benefit Analysis BREAKING DOWN 'Feasibility Study' For example, a small school looking to expand its campus might perform a feasibility study to determine if it should follow through, considering material and labor costs, how disruptive the project would be to the students, the public opinion of the expansion, and laws that might affect the expansion. A feasibility study tests the viability of an idea, a project or even a new business.
The following sections describe the formal elements of the report, the requirements for the transmittal memo, and the requirements for the project evaluation.
Front Matter Front matter for formal reports typically includes a title page, an executive summary, a table of contents, and a list of illustrations.
Include the following elements in the front matter of your report: Include a graphic cite it if it is borrowedthe title of the report, and the authors' names not numbered. Use a format that is appropriate for your subject matter and audience. Typically title pages include a descriptive title, the date, who wrote the report sometimes the authors' names but often the company or organization nameand to whom the report is being submitted.
Include a brief executive summay at the bottom of the page. The executive summary may be the only segment of your document that some readers examine. Likewise, other researchers might read the your summary to see if your report is relevant to their research.
For these reasons, the executive summary is very important. To achieve its purpose a maximum of information in a minimum amount of spaceit should be a tightly written, condensed presentation of your report's complete line of thought, though focusing on your major findings.
For most recommendation reports, the main line of thought would include a discussion of 1 the problem, 2 the solution, 3 the benefits of the solution, and 4 specific recommendations if not already made clear in the solution section.
The table of contents gives readers an overview of the report's elements. Include at least the first two levels of headings used in the report. Format the table of contents so that it is easy to read the headings and match them with the appropriate page numbers.
Include visuals to help your team present the information--a minimum of three unless you have made other arrangements with your instructor.
If all of your illustrations are figures, use the heading "List of Figures"; if all of your illustrations are tables, use the heading "List of Tables.
The body includes an introductory section, a discussion of the investigation and the results, and a section that discusses the recommendations and plan of action. Introduction The introduction establishes the context of the report often with a reference to the contract or agreement with the client.
In addition to this background information, the introduction always identifies the subject, objective, and scope of the report thus clarifying the report's intended audience or set of users.
In other words, the introduction always answers two questions: That is, the introduction sets up expectations in readers by answering a basic question: Often, the forecast consists of a list of the major headings of your report.
Background, Problem Description, Needs Assessment Most problem-solving reports include additional introductory sections that describe the problem being investigated and provide relevant background and historical information about the problem, its causes, and attempts to solve it.
This information helps to ensure that report readers have a shared understanding of the problem and its significance. You may want to draw upon the problem description you wrote for your topic memo. A full statement of the problem is appropriate, even though your client may be well aware of the problem.
Remember, while the report might be addressed to the client, it will be read and used by other audiences. Methodology Section The methods section describes how your team investigated the problem and evaluated the solution s. It should include enough detail to convince the report readers of the soundness, thoroughness, and appropriateness of your methods.
Results Section The results section of the report should report on the results of your investigation; it should be organized to help the report readers understand and use the information. For feasibility studies, this section might include a description of solutions and an analysis of how the solutions met the established criteria.
A proposal, on the other hand, might include a discussion of various components of the solution its goals, relationship to problem or opportunity, benefits, costs and proposed plans for implementing the solution tasks, personnel, facilities, budget, schedule, evaluations, qualifications, etc.
A report investigating a complex problem might include an analysis of what is happening and why it is happening.
Discussion In the discussion section, the report explains what the results mean. These findings are typically stated in relationship to the problem being investigated. To be persuasive, this section should state the significance of the findings from the perspective of the client, which may mean including addressing how the solution will solve the problem, the negative consequences it will eliminate, the positive consequences it add, and how the solution compares to other solutions.The Feasibility Study Report cannot properly scope a project without using a robust formal requirements plan and process.
The acquisition of complex systems and services cannot succeed without an excellent Statement of Work. The central task for this study is to conduct a feasibility study and business plan for Hudson Valley Community College to consider Malta, New York, as a location.
A key part of this work is to determine whether there will be sufficient enrollments to support college operations in this market. International approaches to mining projects: Due Diligence, Scoping, Pre-Feasibility, Feasibility Studies Date December Location: Almaty, Kazakhstan •For SRK there should be not be much difference between what we do for an FS and a BFS – only in environmental matters.
Those who do not do their homework do not graduate. Bryce's Law. In its simplest form, a Feasibility Study represents a definition of a problem or opportunity to be studied, an analysis of the current mode of operation, a definition of requirements, an evaluation of alternatives, and an .
- Feasibility Report of Database Booking System Summary This document will discuss the feasibility of developing a new database application system at Time 4 Children’s Centre to better mange the booking and recording of user details.
Premiere Electric electrical contractor business plan services. Premiere Electric installs high-end security, data transfer, and communications systems. The Difference Between Cash and Profits. The services rendered by Premiere Electric can cover a project in its entirety from original concept to acceptance of completed construction work.