Feasibility Studies

• You are here :
• Home -
• Our Services -
• Feasibility Studies

Upon request, Pacepacker Services Ltd will work with you to compile a feasibility Study covering the scope of our supply on a project so that you can see how it will impact your business. This can be as basic or in-depth as you require and would be based on the following:

 

System Requirements

This section is based on an outline of the system requirements in terms of throughput, products & weights in order to define the requirements of the new system.

Economic Feasibility

Economic analysis is the most frequently used method for evaluating the effectiveness of a new system. More commonly known as cost/benefit analysis, the procedure is to determine the benefits and savings that are expected from a proposed system and compare them with costs. If the benefits outweigh the costs, then the decision is usually made to implement the system.

Time-Based Study

This is an analysis of the time required to achieve a return on investments. The future value of a project is also a factor and with typical life expectancies of our equipment being in excess of 15 years, the long term potential is enormous.

Operational feasibility

Operational feasibility is a measure on how well a proposed system solves the problems, and takes advantage of the opportunities identified during scope definition and how it satisfies the requirements identified in the requirements analysis phase of system development.

Schedule feasibility

A project will fail if it takes too long to be completed before it is useful. Typically this means estimating how long the system will take to implement, and if it can be completed in a given time period using some methods like payback period. Schedule feasibility is a measure of how reasonable the project timetable is. Given our technical expertise, are the project deadlines reasonable? Some projects are initiated with specific deadlines. You need to determine whether the deadlines are mandatory or desirable.

Resource feasibility

This involves questions such as how much time is available to build the new system, when it can be built, whether it interferes with normal business operations, type and amount of resources required, dependencies,

Cultural feasibility

In this stage, the project is evaluated for the impact it may have on an enterprise's culture. Assessments must be made as to whether the project would free up labour that can be re-deployed or create redundancies. There may also be a resistance to change and a careful plan of change management should be initiated to ensure that all people concerned are kept informed of what is happening and how it will affect them.

Report

The feasibility study outputs the feasibility study report, a report detailing the evaluation criteria, the study findings, and the recommendations.

 

Back to top