NCM-119-LEC-WEEK-11-pdf.io
NCM-119-LEC-WEEK-11-pdf.io
Initial investment
c. Feasibility Study Resources to procure capital: Banks,
investors, venture capitalists
- is designed to reveal whether a Return on investment
project/plan is feasible. It is an assessment
of the practicality of a proposed project/plan. 3. Market feasibility
- is part of the initial design stage of any
project/plan. It is conducted in order to Type of industry
objectively uncover the strengths and Prevailing market
weaknesses of a proposed project or an Future market growth
existing business. Competitors and potential customers
Projection of sales
Steps in a Feasibility Study
Conducting a feasibility study involves the 4. Organizational feasibility
following steps:
The organizational structure of the
1. Conduct preliminary analyses. business
2. Prepare a projected income Legal structure of the business or
statement. the specific project
3. Conduct a market survey. Does the Management team’s competency,
project create a good or service that professional skills, and experience
is in demand in the market?
4. Plan the organizational structure of a. Training Needs Analysis
the new project. What are the - is an assessment process that companies
staffing requirements? How many and other organizations use to determine
workers are needed? What other performance requirements and the
resources are needed? knowledge, abilities and skills that their
5. Prepare an opening day balance of employees need to achieve the
projected expenses and revenue requirements. There are three key areas
6. Review and analyze the points of that are considered accurate assessors
vulnerability that are internal to the of those needs:
project and that can be controlled or a. Skill proficiency of employees
eliminated. b. Employees' frequency of skill usage
7. Decide whether to go on with the c. Level of employees' skills crucial to
plan/project. job performance
3. Individual level
At the individual or personal level, the TNA
determines how each employee performs
his or her role. The difference between the
actual performance and the expected
performance helps you determine if there is
really a need for TNA at the individual level.