_IMPORTANT NOTICE_
The format or contents of a feasibility study differ from one school to another, but the concepts are usually the same.
Objectives of the Management Aspect
This section outlines the specific objectives for the management aspect of a feasibility study.
Objective 1
Define the goals for the management team, including their roles in steering the project, ensuring operational efficiency, and achieving business milestones.
Objective 2
Outline the objectives related to project originators and their contributions to the business. Detail how their roles impact the overall success of the venture.
Objective 3
Establish goals for scheduling activities, formulating business ownership structures, and organizing internal management to ensure smooth operations and clear accountability.
Pre-Operating Period
This section covers the necessary steps and preparations required before the business begins its actual operations.
Pre-Operating Activities
Detail the activities that need to be completed prior to launching the business. This includes setting up the physical location, obtaining licenses and permits, and completing any necessary training or recruitment.
Pre-Operating Requirements
Discuss essential preparations such as securing funding, finalizing contracts with suppliers, and ensuring compliance with regulations. Highlight any key milestones that must be achieved before the official start of operations.
Project Originators
This section identifies the individuals or groups responsible for initiating and managing the business project.
Business Proponents
List the project originators, including their initial capital investment. Describe their roles and responsibilities in the business, emphasizing their financial and managerial contributions
Management
Provide details on the management team, including their classifications (e.g., general partner or limited partner) and their specific roles. Outline how their expertise and involvement contribute to the project’s success.
Business Operations
This section outlines the timeline and activities leading up to the commencement of business operations.
Schedule of Activities (Gantt Chart)
Provide a detailed list of activities from the initiation of the feasibility study to the start of business operations. Include time allotments for each activity, ensuring a clear roadmap for project completion and readiness.
Work Schedules
Present a schedule of daily or weekly operations, including key tasks, working hours, and shifts. This helps in understanding the routine and operational flow of the business.
Business Structure
This section describes the legal structure and human resource of the business.
Business Ownership
Explain the type of business ownership (e.g., sole proprietorship, partnership, corporation, etc.) and how it affects management, liability, and decision-making within the business.
Manpower Requirements / Job Analysis
Outline the various positions within the organization, including the number of employees needed, their job descriptions, and specifications. This ensures clarity on roles, responsibilities, and qualifications required for each position.
Organizational Chart
Provide a visual representation of the organizational structure, showing the hierarchy and reporting relationships within the company. This helps in understanding the internal flow of authority and communication.
Need help with your feasibility study?
Contact Feasib Accountant to help you with your feasibility study, especially on the financial aspect of your research.
