scholarly journals Interrelated Attributes of Project Feasibility

2021 ◽  
Author(s):  
Sam McLeod
Keyword(s):  
Feasibility Studies ◽  
Sunk Costs ◽  
Technical Feasibility ◽  
Project Failure ◽  
Significant Contributor ◽  
Lost Opportunity

Feasibility consists of inter-related questions. Often, organizations place a narrow technical focus on the technical feasibility of a preferred option (Lucae et al. 2014; Samset 2009). Hence, many frameworks, including TELOS, have been developed to encourage more holistic feasibility appraisal (Bause et al. 2014; Burch 1992). Poorly considered feasibility studies are a significant contributor to project failure, loss of reputation, lost opportunity, excess sunk costs, loss of morale, and litigation (see Sahu 2014).

scholarly journals TECHNICAL FEASIBILITY STUDY MODEL OF AGED APARTMENT RENOVATION APPLYING ANALYTIC HIERARCHY PROCESS

2021 ◽  
Vol 0 (0) ◽  
pp. 1-12
Author(s):  
Junho Choi ◽  
Jaepil Choi
Keyword(s):  
Analytic Hierarchy Process ◽  
Feasibility Study ◽  
Residential Buildings ◽  
Feasibility Studies ◽  
Analytic Hierarchy ◽  
Technical Feasibility ◽  
Technical Aspects ◽  
The Government ◽  
Hierarchy Process ◽  
Study Unit

Residential buildings are being renovated around the world, especially apartments, their solutions are becoming increasingly important. The number of apartments in Korea that are more than 20 years old has reached 4.3 million, and the problem of aged apartments now needs to be addressed. Consequently, the government is promoting the improvement of the residential environment through renovation. In a renovation project, a feasibility study is conducted at the outset, but many apartments fail to complete the renovation process during the project. One reason is that feasibility studies focus on economics without sufficiently considering the technical aspects of the redesign. This study developed a feasibility study model that can pre-evaluate apartment renovation in terms of technology. We selected 27 criteria that affect technical feasibility, and the analytic hierarchy process (AHP) was performed with experts to derive the relative importance of the criteria. Based on the weight of the criteria, we developed an apartment renovation technology feasibility study model. As a result of the study, unit and complex conditions were found to have a significant influence on renovation. Moreover, it was found that the technical feasibility study model can quantitatively evaluate the technical aspects of an apartment to be renovated.

scholarly journals An Exploratory Study on the Role of Feasibility Study on Sustainability of Business in Kenya: A Case of Supermarkets in Nairobi County

2022 ◽  
Vol 6 (1) ◽  
pp. 57-70
Author(s):  
Paul Kilote Jumah ◽  
◽  
Thomas Githui ◽  
Martin Kweyu ◽  
◽  
...  
Keyword(s):  
Positive Impact ◽  
Feasibility Studies ◽  
Target Population ◽  
Business Environment ◽  
Economic Feasibility ◽  
Primary Data ◽  
Technical Feasibility ◽  
Business Sustainability ◽  
The Impact

Organizational strategic feasibility studies are critical in mitigating uncertainty in the business environment and enhancing growth and performance. This study sought to ascertain the role of feasibility studies in the sustainability of supermarkets in Nairobi County, Kenya. The study's specific objectives were to determine the impact of technical feasibility, economic feasibility, operational feasibility, and legal feasibility on the sustainability of supermarkets in Nairobi County, Kenya. A descriptive research design was used for the study. The study's target population was seven major supermarkets: Naivas, QuickMart, Cleanshelf, The Game Store, Chandarana, Eastmatt, and Carrefour. A questionnaire was used to collect primary data. Findings indicated that technical feasibility is positively and significantly related to the business sustainability of supermarkets in Nairobi County. The findings also revealed that economic feasibility is positively and significantly related to the business sustainability of supermarkets in Nairobi County. The findings revealed a positive and significant relationship between operational feasibility and business sustainability of supermarkets in Nairobi County. Finally, the findings revealed that the legal feasibility and business sustainability of Nairobi County supermarkets are positively and significantly related. The study concluded that technical feasibility, economic feasibility, operational feasibility, and legal feasibility all have a positive impact on supermarket business sustainability. The study recommends that supermarkets should become acquainted with the technical technology that is available on the market and evaluate those that are appropriate for their needs. Managers of Nairobi County supermarkets increase the level of internal and external benchmarking in their supermarkets for economic benefit assessments. Keywords: Technical Feasibility, Economic Feasibility, Operational Feasibility, Legal Feasibility, Sustainability & Supermarkets.

scholarly journals Evaluation of Bulusan Landfill Capacity in Banyuwangi

2019 ◽  
Vol 19 (3) ◽  
pp. 107
Author(s):  
Abdul Holik ◽  
Zulis Erwanto ◽  
Mohammad Aziz Yusuf
Keyword(s):  
Feasibility Studies ◽  
Least Square Method ◽  
Least Square ◽  
Technical Feasibility

Abstract. The Bulusan landfill of Banyuwangi has 1.5 ha to accommodate garbage from 13 districts with an input of 451.8 m3 of garbage per day and controlled landfill methods are carried out as garbage management. This research aims to evaluate the capacity of the Bulusan Landfill in Banyuwangi. Arithmetic, geometric and least square method were selected by the highest correlation value. The projection result of the Bulusan landfill for 2018 has been declared overloaded, with the height of embankment was higher than the planned embankment and it has not been able to accommodate garbage. The projection for the next 15 years from 2017 to 2031 was predicted that Bulusan landfill will be overloaded at 1.172.185 m3 of garbage volume. Financial and technical feasibility studies for candidates for the Bulusan landfill replacement need to be carried out so that the Bulusan landfill replacement project can be realized immediately.

Technical feasibility studies for Langkawi WCO (waste cooking oil) derived-biodiesel

Energy ◽  
2011 ◽  
Vol 36 (3) ◽  
pp. 1386-1393 ◽  
Author(s):  
P. Kumaran ◽  
Nur Mazlini ◽  
Ibrahim Hussein ◽  
M. Nazrain ◽  
M. Khairul
Keyword(s):  
Feasibility Studies ◽  
Waste Cooking Oil ◽  
Technical Feasibility ◽  
Cooking Oil

scholarly journals Strategic Alignment Of Application Software Packages And Business Processes Using PRINCE2

2013 ◽  
Vol 12 (10) ◽  
pp. 1239
Author(s):  
Wandi Kruger ◽  
Riaan Rudman
Keyword(s):  
Success Rate ◽  
Software Package ◽  
Business Processes ◽  
Strategic Alignment ◽  
Controlled Environment ◽  
Application Software ◽  
Project Failure ◽  
Significant Contributor ◽  
Software Packages

Numerous factors exist that may contribute to the unsuccessful completion of application software package implementation projects. The most significant contributor to application software package project failure lies in the misalignment of the organisations business processes with the functionality of the application software package. While various IT control frameworks that may assist in the implementation of application software packages are available, the question arises why industry still reports that the success rate of application software package implementation projects remains low. The purpose of this study was to examine the extent to which the Projects in Controlled Environment (PRINCE2) framework assists in the alignment of the organisations business processes with the functionality provided by the application software package implemented. This study investigated whether PRINCE2 addresses all the reasons for project failure. It identifies the shortcomings and weaknesses in PRINCE2 which may contribute to the misalignment between the business processes of the organisation and the functionality of the application software package implemented. The study recommends how these weaknesses identified in PRINCE2 can be addressed. By taking these recommendations into account when using PRINCE2 to implement application software packages, proper alignment between the organisations business processes and the functionality of the application software package may be achieved. This results in a more successful application software package implementation.

The Role of Research and Technology Organizations in Innovation Processes of Small and Medium-Sized Enterprises

2010 ◽  
Vol 11 (3) ◽  
pp. 199-207 ◽  
Author(s):  
Dietmar Roessl ◽  
Alexander Kessler ◽  
Matthias Fink
Keyword(s):  
Innovation Process ◽  
Feasibility Studies ◽  
Support Network ◽  
Full Potential ◽  
Technical Feasibility ◽  
Main Challenge ◽  
Working Together ◽  
Fundamental Research ◽  
Successful Innovation

The main challenge in innovation seems to be not a lack of ideas, but a deficit in the evaluation and transformation of ideas into new processes or products. Due to their specific characteristics and the fact that innovations of SMEs are application-oriented, SMEs depend on external know-how for fundamental research. They therefore need a support network that translates the knowledge necessary for successful innovation into their language. Technical feasibility studies provided by research and technology organizations (RTOs) are designed to promote this knowledge transformation and transfer to SMEs. In this paper, the authors examine whether or not technical feasibility studies can facilitate knowledge transfer between SMEs and RTOs. The results of a literature review and an empirical investigation of the Feasibility Studies Program of the Austrian Industrial Research Promotion Fund reveal evidence of a stimulating effect of technical feasibility studies on SMEs' innovative activities. They also identify prerequisites for SMEs to tap the full potential of their interaction with RTOs. First, there has to be a developed research scene that is willing and able to meet the needs of SMEs. Second, SMEs have to recognize the potential advantages of working together with RTOs in the innovation process and to overcome their common fear of contact with RTOs. The insights presented may enhance the quality of similar initiatives now and in the future.

Vicarious entrapment: Your sunk costs, my escalation of commitment

2011 ◽  
Author(s):  
Brian C. Gunia ◽  
Niro Sivanathan ◽  
Adam Galinsky
Keyword(s):  
Sunk Costs ◽  
Escalation Of Commitment
Sign in / Sign up

Export Citation Format

Share Document