_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 Technical / Operational Aspect
This section outlines the specific objectives for the technical/operational aspect of a feasibility study.
Objective 1
Define the technical specifications and requirements for the product or service to ensure quality and efficiency in production or service delivery.
Objective 2
Detail the materials and/or resources required for production/service delivery, including their sourcing and cost implications.
Objective 3
Outline the production/service process, machinery, facilities, and labor requirements to establish a streamlined and effective operational framework.
Product/Service Specifications
This section details the technical and quality requirements for the proposed product or service.
Technical Requirements
Describe the design, functionality, and performance standards necessary for the product or service.
Features and Benefits
Highlight the unique characteristics and advantages that set the product or service apart from competitors.
Illustrations/Diagrams
Include detailed photos or graphics to provide a clear visualization of the product or service.
Materials (if applicable)
This section identifies and quantifies the materials needed for production, ensuring adequate supply and cost management.
Direct Materials
List all raw materials used directly in the product with quantities and costs.
Indirect Materials
Include materials that support the production process but are not part of the final product.
Sourcing
Describe procurement strategies and supplier information to ensure reliable and cost-effective material supply.
Production Process / Service Delivery
This section outlines the steps involved in producing the product or delivering the service, including workflow and quality control.
Flowchart
Provide a visual representation of the production or service delivery process.
Step-by-Step Procedure
Detail each step in the manufacturing or service delivery process, including equipment and labor involved.
Photos and Descriptions
Include images and descriptions to illustrate each stage of the process clearly.
Building and Facilities
This section shows the physical space and infrastructure needed to support operations.
Facility Layout
Provide diagrams or blueprints showing the layout of production and storage areas.
Space Requirements
Detail the space needed for various operational functions such as production, storage, and administration.
Location Considerations
Explain the reasons for selecting the facility location, including logistical and strategic benefits.
Machinery and Equipment
This section lists and describes the machinery and equipment required to produce the product and/or operate the business, including specifications and costs.
Equipment List
Provide a comprehensive list of machinery, tools, and equipment necessary for operations.
Specifications
Detail the specifications, quantity, and estimated costs for each item.
Maintenance Needs
Discuss maintenance requirements and strategies to keep equipment in optimal condition.
Direct Labor Requirements
This section defines the manpower needed for production or service, including job roles and compensation.
Job Analysis
List all positions required, including job description and specifications.
Employee Numbers
Specify the number of employees needed for each role.
Compensation
Provide details on expected salaries or wages for each position.
Office and Plant Location
This section provides details on the location of the business’s office and production plant, including its cost considerations.
Business Address
State the physical address of the office and/or production plant.
Lease/Purchase Details
Include information on rental agreements or real property acquisition costs.
Location Advantages
Discuss the benefits of the location for operational efficiency and logistics.
Production Schedule (if applicable)
This section outlines the production targets and timelines for effective operation management.
Periodical Targets (Quota)
Specify production targets for different periods, such as daily, monthly, and yearly.
Milestones
Identify key milestones in the production schedule.
Scheduling
Explain how production schedules will be managed to meet targets and maintain efficiency.
Utilities and Waste Disposal
This section details the utility requirements and waste management plans for the business.
Utility Costs
Estimate annual and monthly costs for utilities such as electricity, water, and gas.
Waste Disposal Plan
Describe waste management practices, including disposal methods and recycling strategies.
Unit Production Cost
This section presents the costs associated with producing each unit of product or service.
Cost Breakdown
Provide detailed costs of raw materials, labor, utilities, and other production expenses.
Pricing Strategy
Discuss how these costs will influence pricing decisions.
Cost Control
Describe strategies for managing and reducing production costs while maintaining quality.
Need help with your feasibility study?
Contact Feasib Accountant to help you with your feasibility study, especially on the financial aspect of your research.
