Feasibility and Viability
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ScribdTranslationsFeasibility and Viability.
Every viable project is feasible, but not every feasible project is viable.
Feasible is that which can be done, while a viable project is one that can.
be sustainable, economically profitable.
In general, a project must first be feasible, and then it must be shown to be viable, which is
economically feasible, attractive.
For example, extracting oil from the ocean floor is a feasible project, as there are
the tools and equipment to do it (technically it is possible to do it), and there is also
oil in the seabed of the Oceans. But often they are not viable projects
due to the extremely high costs involved in such an enterprise, which makes them impossible to carry out.
The feasibility: That the conditions for its realization exist.
Feasibility: That it is justified and possible to do.
In conclusion, a feasible project is one that is technical, environmental, financial and social.
economically viable.
Introduction.
It is necessary to analyze the organization's objectives to determine the applicability of a
project that allows for the achievement of organizational goals, that is why this study
allows the use of various tools to help determine the infrastructure
technological and the technical capacity involved in the implementation of the system in question, as well
such as the costs, benefits, and the degree of acceptance that the proposal generates in the institution.
In this search, it is necessary to take into account the resources that the organization has or
those materials that the company can provide.
Concept of Feasibility.
According to Varela, 'Feasibility refers to the possibilities of achieving a
"determined project." The feasibility study is the analysis conducted by a company to
determine whether the proposed business will be good or bad, and what the strategies will be
they must be developed in order to be successful.
According to the Dictionary of the Royal Spanish Academy, Feasibility is the 'quality or
condition of feasible”. Feasible: “that can be done”.
Objectives that determine Feasibility.
Reduction of errors and greater accuracy in processes.
Cost reduction through the optimization or elimination of unnecessary resources.
Integration of all areas and subsystems
Update and improvement of services to customers or users.
• Make a production and marketing plan.
Acceleration in data collection.
Reduction in processing and execution time of tasks.
Optimal automation of manual procedures.
Availability of the necessary resources to carry out the stated objectives.
Know if it is possible to produce for profit.
Knowing if people will buy the product.
Feasibility. Structure.
For Coss, a feasibility study has a defined structure and the order of the contents.
is oriented towards:
a) Present a project summary.
b) Develop each part separately.
c) Support each part based on the previous ones.
d) Develop conclusions and recommendations.
It is important that it be concise, with simple language and that the parts are coherent.
Evaluation of a Feasible Project.
A feasible project is one that has passed four basic evaluations:
["Technical Assessment.","Environmental Assessment.","Financial Assessment.","Social Assessment."]
economic.
The approval of each evaluation can be called viability; these viabilities must
at the same time to achieve the feasibility of a project; for example a project
it may be technically viable but it may not be financially or environmentally viable.
Feasible Project.
If the project is feasible, one can consider designing a project plan for its execution.
and to be able to turn the project into a productive unit of a proposed good or service.
The projects in which feasibility is sought are those that aim to produce a good.
or service to meet a need; for this it is necessary to define its profitability or not,
this is the objective of financial evaluation.
Components of the Feasibility Study.
Market Study.
Its purpose is to determine whether or not there is a demand that justifies the implementation of
the march of a production program of certain goods or services, within a period of time.
Technical Study.
Its purpose is to provide information to quantify the amount of investments and costs.
of the relative operations in this area.
Financial Study is responsible for:
Organize and systematize the monetary information provided by the stages.
previous.
Prepare the analytical tables for the project evaluation.
Evaluate the previous backgrounds to determine their profitability.
Feasibility. Basic aspects.
Operational Feasibility.
It involves a determination of the possibility that a new system will be used as intended.
Four aspects must be considered:
The use of a new system may be too complicated for users of the
organization or the system operators.
• Este nuevosistema puede hacer que los usuarios se resistan a él como consecuencia de una
work technique, fear of being displaced or other reasons.
• Un sistema nuevo puede introducir cambios demasiado rápidos que no permita al personal
adapt to it and accept it.
The probability of obsolescence in the system. Anticipated changes in practice or
Administrative policies can make a new system obsolete very soon.
Technical Feasibility.
It allows to evaluate if the team and software are available and have the technical capabilities.
required for each design alternative being planned, the
interfaces between current systems and new ones.
Similarly, these studies consider whether organizations have the personnel that possesses the
technical experience required to design, implement, operate, and maintain the system
proposed.
Economic Feasibility.
These studies can include the analysis of costs and benefits associated with
each alternative of the project.
With cost/benefit analysis, all costs and benefits of acquiring and operating each
alternative systems are identified and a comparison between them is established. This allows
seleccionar el más conveniente para la empresa.
Within this comparison, the following must be taken into account:
The expected costs of each alternative are compared with the expected benefits for
ensure that the benefits exceed the costs.
The cost/benefit ratio of each alternative is compared to those provided.
the costs/benefits of the other alternatives to choose the best one.
The ways in which the organization could spend its money are determined.
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