Business Consulting-Data Gathering and Analysis For Project Feasibility Study

Some of the information required in feasibility studies2. Introduction
may be collected from consumers, industrial sources,3. Market Analysis
consultants, researchers, government ministries,4. Technical Analysis
foreign embassies, trade exhibitions and publications.5. Orgarnisation and Management
Data may be collected6. Project Cost and Funding
-Through the use of external consultants for their7. Financial Analysis:
large scale project.-Operating Cost and Revenue Estimates
-From of primary sources, including interviews,-Projected(proforma) Financial Statement
questionnaires, observation, field and laboratory8. Profitability and Sensibility Analysis
experiments.9. Conclusion and Recommendations
-From of secondary sources, including institutions,There is no one standard outline as such. But the
previous studies, technical reports, industrialstructure above provides a useful guide.
processes.Quality Of Feasibility Report
Such sources usually include:1. Objectivity- report is based on careful analysis of
. Company records (for existing establishments)data
. Consultancy and research studies and reports2. Coverage- all aspects that are likely to affect the
. Research institutions, including the universitiesperformance of the project are properly investigated
. Industrial organisations (for product and market3. Presentation- report is presented in an orderly and
related data)logical manner. All tables and charts are properly
. Publications by government, its agencies (includinglabelled and numbered.
federal office of statistics)4. Consistency- effort is made to ensure internal
. Government departments, particularly industry,consistency
trade, commerce and technology5. Language- simple and clear. Information which
-Industrial, trade and professional associationsappears to be too technical is presented as
(including Charbers of Commerce and Industry,appendices
Manufacturers Association, Employers Association,6. Decision making- the good report must enhance
etc.)the project plans and decision
-Foreign Embassies for information on technology,Conclusion
machinery, raw materials, credit schemes.We live in a rather dynamic environment where
Without a good analyis, the data collected may bethings change quite rapidly. Feasibility study however
quite worthless. Data analysis may take the form ofprovides the basis of minimising avoidable risks and
determining volume, frequency, pattern, trends andenhances the prospects of investing on projects that
relationship. Analysis helps in making comparison andwill be feasible, viable, sustainable and environmentally
understanding situations.friendly.
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