Shiela C. Azon Bs Accountany 11-0226C Trial and error method are unacceptable in the business world.

Aside from the fact that it wastes time and effort, this process also wastes money and resources. Business men usually opt for security and certainty. Certainty of Success of projects/ ventures can only be known through the use of Business Feasibility Assessment. Feasibility Assessment determines whether a project is a viable business. It takes into account the legal, economic, technological, and scheduling and many more factors. It provides the project managers the benefit of finding out the possible pros and cons of a project before investing too much time and money. It gives them the outlook of how much money they need to put up for the business, how much will they earn, what are the resources needed and other specifications to make the business work. Technical feasibility Technical Feasibility evaluates the probability of the proposed project to work, including its efficiency, viability, and cost effectiveness. Technical Feasibility focuses on the system requirements, whether the company possesses the required manpower and equipment that are able to handle operation and whether their existing technical resources such as the software and hardware, are capable to provide the expected needs of the organization. An example of technological feasibility on a Home Worker Project is as follow: Home Worker Project is a business that pooled handy men in Manila in one company. This project is an expansion from a construction company. electrician, plumber, and automotive mechanic.. Carpentry This is skilled work in the construction and repair of wooden equipment and installations, and in the general maintenance and repair of buildings, equipment, and facilities. Work involves performing skilled carpentry tasks in accordance with standard trade practices. Work also involves performing a variety of maintenance and repair tasks to buildings, equipment, and facilities. Assignments are given in the form of oral or written instructions. Work is to be performed independently, subject to inspection in the process and upon completion. Electrician The natures of their service/work are carpentry,

Shiela C. Azon Bs Accountany 11-0226C The electric works are the structural layout installation, maintenance and repair of electrical systems, equipment and related control systems, instrumentation and mechanical components. Work involves performing tasks in accordance with standard trade practices in construction and industry in the installation, construction, modification, maintenance and repair of electrical systems, equipment and fixtures, indoors and outdoors. Work also involves maintenance and repairs and adjustments to communication radio transmitters and receivers, intercom systems and various other pieces of electric and electronic equipment. A variety of inspection tasks may be performed as required. Assignments are given in the form of oral or written instructions, sketches or blueprints, though work may result from inspection or troubleshooting. Work is usually performed independently subject to inspection in process or upon completion. Plumber Plumbing work are the installation, maintenance and repair of plumbing systems, other piping and related equipment. Work involves performing skilled plumbing tasks in installing, repairing, maintaining and servicing plumbing systems, fixtures and equipment. Work involves performing varied tasks involving other trade skills. Assignments are received in the form of oral or written instructions, sketches or blueprints though work may result from inspection and troubleshooting. Work is performed independently, subject to inspection along the process and upon completion. Automotive Mechanic Under general supervision, performs skilled work at the full performance level by repairing and maintaining motor vehicles and other equipment for a state agency or facility. Has latitude to vary methods of repair, maintenance, parts selection, and diagnostic techniques. Orders or purchases parts, performs state vehicle inspections, operates diagnostic equipment where available, and road tests vehicles. They perform related work as required. The workers mentioned above are TESDA certified graduates. Thus, it is guaranteed that services provided are with good quality. Source: http://www.scribd.com/doc/100332236/technical-feasibility

Shiela C. Azon Bs Accountany 11-0226C Economical feasibility Economical Feasibility focuses on the profitability of the business venture. The goal of investors is to have financial benefits exceed the costs. The cost expended and the benefits derived are analyzed in this feasibility.Let us say that Southville is planning to improve/expand its STUFFSHOP. They want to serve the public aside from the Southville students alone. They have noticed the influx of people passing by in front of LPDH. Aside from that, there is a school across the road, the CAA National High School, which can be pulled by Southville from its nearest competitor, Little Town. Their biggest dilemma is: If they open up for the public will their derived income be bigger than the additional cost they will incur? Expansion entails additional costs for its operations such as manpower and technological needs such as cash register and the cost of renovating their area. At present, they are employing 4 employees working full time. With the additional influx of customers, there is a need to employ one more sales representative. At the moment cash register is not their problem, because they have an idle cash register. Their biggest concern is their area. The proposed area needs a great renovation. The estimated cost of renovation is 2 million pesos. Yearly the estimated Revenue of STUFFSHOP is 3 Million Pesos. The estimated revenue from their newly acquired customer is 1Million Pesos. They are hoping to recover their investment within 2 years. From managements outlook, they see the investment as profitable. Behavioral Feasibility Behavioral Feasibility assesses if the system will work upon completion and installation. Lets say Southville will continue its plan of opening up Stuffshop for public, will the customer respond proactively? Stuff Shops proposed location was in front of LPDH, almost across the pedestrian lane. Any person passing that needs school supply most probably going to stop over and buy their needs. Going to across the street to buy their needs, does not cost anything. Students from CAA National High School who are living in BF can buy their school supplies along the road. The proposed project and its system may produce the best outcome. It can be implemented easily. So this project is operationally feasible.