What are importance of writing a feasibility study report? Discuss each briefly.
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Q: What is the primary purpose of conducting a feasibility study in project management
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- 3) If you were a consultant for the city of St. Louis list three things they should to to make up for the loss of the St. Louis Rams.Now as per the project brief: Need the below help Feasibility/Risk Assessment: • Calculate individual scores for TELOS feasibility factors. Calculate an overall score. Important: providejustification/explanation for the scores, including the overall score. For example, if you assign theTechnical feasibility a score of 9, then please explain why.• Technical–Is it likely that our staff can build it?• Economic–Is the projected return worth the investment?• Legal–Will doing this project violate laws or contractual agreements?• Operational–If built, is it likely that the system will really address or solve the business problem?• Schedule–Is it likely to be built in time to realize benefits and/or meet constraints?Discuss the community project proposal.
- Case Study: Read the case and answer the questions given below. Zara designs and markets an extensive range of women's and men's fashion apparel and accessories, with versatile collections ranging from casual to dressy. The company also produces fragrances for women and men. The company wants to double revenue, cut operations costs, reduce time from product design to availability, and improve communications with customers. To achieve these goals, Zara is making a major technology overhaul that will increase hardware, software, databases, and network capabilities. Zara has developed Web-based tools to improve communications with suppliers and retailers. A Web-based application allows retailers to track purchase orders and to check the status of transactions instantly - a process that used to be done over the phone. Over 60% of customer orders are now placed electronically. The company also invested heavily in software to track materials around the world and to help communicate better…CASE STUDY: Nik and Andy are colleagues working at a multinational automotive company in Malaysia. Both is a Regional Manager for Kuala Lumpur and Sabah. An advertisement has been placed on the company’s and major recruitment’s website to employ a new Country Manager located in Seoul, South Korea. Both want to negotiate with General Manager, Mr Ravi, that they would excel and get promotes as “Country Manager”, from their current position as regional manager. This position will provide either one of them with many opportunities and benefits such as higher salary with more responsibilities and utilizing more of their technical and leadership skills. Besides, both have been working for the company for more than 5 years as a full-time employee and have made an enormous contribution to the organization. From their experience, they have also determined that Mr.Ravi is “conscientiousness” personality type as per the “Big Five” personality type. Nik is married but has no children. His wife is…Project Risk Analysis Sydney, Australia’s M5 East Tunnel was constructed under strict budgetary and schedule requirements, but given the massive traffic delays now hampering commuters, the requirements may have been excessive. Due to an inexpensive computer system with a high failure rate, the tunnel’s security cameras frequently fail, requiring the operators to close the tunnel due to inability to react to an accident, fire, or excessive pollution inside the tunnel. The tunnel was built to handle 70,000 vehicles a day, but it now carries 100,000, so any glitch can cause immediate traffic snarls. A managerial risk analysis, including the risk of overuse, might have anticipated these problems and mandated a more reliable set of computers once the costs of failure had been included. Required: As the project manager, discuss the risk management process you think might have identified the danger in using a cheap computer system Discuss the type of risk analysis approach you think would…
- CASE STUDY - Bricks and Mortar This coursework concerns the development of information systems for the branch offices of Bricks and Mortar, a rapidly expanding estate agency in the south of England. The attached information was gathered in an interview with Mrs Kate Hudson, joint owner and managing director. Bricks and Mortar are considering computerising and "internetting" the main part of their business: that carried out in the branch offices; the selling and marketing of houses. They called this the "Business Improvement Project" (BIP). It is hoped that this will enable Bricks and Mortar to become the premier estate agent in the south of England although with the drop in demand to buy houses as the rental market expands coupled with new internet based estate agents emerging this could be a tough target to meet. However, the BIP should allow costs to fall as there will be a need for fewer administrative staff especially if they switch away from advertising in newspapers and move onto…"Critical consideration" means what? What do you think?Case Study Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s annual State of the Motor Industry address at Kyalami on Thursday, president and CEO Andrew Kirby said the lion’s share of R2.43bn would go towards the production of a new passenger-car model from October 2021 at the Prospecton plant in KwaZulu-Natal. The new car, which he did not name, will replace the Corolla model line that will end in 2020. TSAM also announced it will build a Toyota Hybrid Synergy Drive vehicle, in a first for the continent. Kirby said the investment will inject R2.85bn a year into the South African economy and create about 1,500 new jobs. He noted that the deal was made possible due to industrial policy certainty in the form of the Automotive Production and Development Programme, the government’s incentive plan for the motor industry. The next phase of the APDP runs from 2021 to 2035. TSAM has boosted the local economy with…
- Why feasibility analysis is important before starting a new venture? What important areas as entrepreneur should focus while carrying out feasibility analysis?Case study: Infiniti Events Company Read the following case study before answering the questions that follow. Infiniti is an event planning a company that strives to continuously improve their planning and coordination offerings to stay in business and to grow. Their MD, Thandi, has developed a business case to extend their corporate events offering to include the coordination of weddings, since many of the wedding event services and processes are similar to the corporate events they currently coordinate. The new offering has yet to be defined and developed. Thandi recently hired a project manager to assist in this development task, because she does not have time to work on the development of the vision, values and requirements of the company, since she is constantly attending to customers. Although Thandi is responsible for developing the strategic objectives, she wants the new project manager to assist her by outlining how the product life cycle phases can effectively be managed,…Case Study EC Accommodation Services (ECAS) is a hospitality entity situated in the less scenic part of a resort towncalled Swakopmund. The owners, Mr and Mrs Johannes strongly believe that there is a need for lowcost family accommodation in the resort town of Swakopmund. ECAS comprises of huge family-style furnished rooms but without a television set fitted-in. Although there is plenty of room for future expansion, the grounds outside are fairly bare (unpaved) without any notable landscaping done except for coastal sand that covers the whole ground area. Mrs Johannes stays at the property. She serves breakfast to the guests in their rooms and provides teamaking facilities such as an electric jug and related cutlery. The resort town of Swakopmund has of late seen some major investments, so much that there are a lot of good restaurants and take-aways in the area such as Spur, Wimpy and KFC. Besides ECAS being situated not far away from the beach, shops and other areas of interest, the…