Project Feasibility Study: PM Solutions

Anonymous
timer Asked: Feb 23rd, 2019
account_balance_wallet $50

Question Description

Please note that in this individual exercise you will be comparing 2 different projects. Within Course Materials, there are 9 available case studies for your use. Please choose 2 case studies for this first exercise to compare.

To assist you in completing this first assignment, you will find herein for Week 1 – Business Case and Project Initiation Documents. It is not required to use all of these templates, but I would expect that you would utilize at least 2 of these templates in completing the Project Valuation/Feasibility Study for the comparison of the 2 project case studies.

Remember you are completing a business justification for why you are choosing one project over another (only comparing 2 projects, not all 9 scenarios). As such I would expect that you would have an analysis that would include why one project is more feasible than the other, what your preference is, why you feel its success rate would be greater than the other project. Make sure you include references, table of contents, & executive summary. The 10-12 pages may include the appendix, if desired.

In your submission, I would expect that you would begin with an overview of the 2 project scenarios. Choose a couple of the templates provided that would be applicable to both project scenarios and complete the content. Make sure that you, at a minimum, address the following:

  • High Level Risk Assessment (where do you see the challenges, probability/severity of consequence (simple grid) for each project Scenario). Which project seems more "risky"?
  • Cost/Benefit Analysis: High Level - What are you seeing is the possible overall cost of the project and in particular the benefits. Which project seems to have greater overall benefits?
  • Substantiate the Feasibility and Your Choice- when leadership is looking to support a project and choose between which 2 projects, they will want to support the project with the "biggest bang for the buck".
  • Justification/Rationale/Reasoning/Assumptions - This is an analysis...build your case and support it!

Format: Use double-line spacing between paragraphs but single or 1.5 spacing within the paragraph, 11-point Times Roman, 1-inch margins. Please use footnotes or end-notes and citations as well as 12-14 point font, bold headings and subheadings.

*Note: Utilize means that you reference and use components of the templates so that you understand the kind of content we are looking to compare. In the beginning when you are completing a project charter you do not have perfect information. As such, it is helpful to put together in a structured manner the kind of information that would allow you to assess the value, pros & cons of the project as is possible.

Tutor Answer

Jkennish
School: Purdue University

I appreciate working with you! In case of any further edits, please do not hesitate to let me know! See you soon! Remember me as always! Would love and appreciate to work with you in the future! Goodbye

Project Feasibility Outline
Purpose of the Feasibility Study
Executive Summary
Background
Business Analysis
Identified Risks to the Business
Potential Solutions and Analysis of Options
Recommended Solution
Impact of Recommended Solution to Business (Value Proposition)
High-Level Timeline for Recommended Solution
High-Level Cost of Recommended Solution
Benefits


Project Feasibility Study

< Wireless Warehouse Initiative Project >



Feasibility Study



Contents

Contents ...........................................................................................................................................2
Purpose of the Feasibility Study ......................................................................................................4
Executive Summary .........................................................................................................................4
Background ......................................................................................................................................5
Business Analysis ............................................................................................................................5
Identified Risks to the Business .......................................................................................................6
Potential Solutions and Analysis of Options ...................................................................................9
Recommended Solution ...................................................................................................................9
Impact of Recommended Solution to Business (Value Proposition) ........................................ 10
High-Level Timeline for Recommended Solution 10
High-Level Cost of Recommended Solution 10
Benefits ..........................................................................................................................................11
Appendices .....................................................................................................................................14

2

Feasibility Study



FeasibilityStudy

< Wireless Warehouse Initiative Project >


Project Sponsor:



Document prepared by:



Document date:



3

Feasibility Study



High-Level Risk Assessment
Purpose of the Feasibility Study
The organization has two alternative project to implement but is forced to
select only one option due to budgetary and resource constraints. Since the company
has multiple alternatives, this feasibility study will examine the two options before
investing in project initiation, planning, and execution. The information in this
feasibility study will also be used to create the Project Charter that would be used to
define the direction for the Project Initiation Phase.
This Project Feasibility Study, therefore, serves the purpose of documenting
the business problem from the perspective of the PM Solutions’ business line,
exploring the high-level alternatives that would be used to solve the business
problem, and also provide suggestions to the recommended approach to solve the
problem. It will also prove an indication of the scale of investment required to
implement the project and then ascertain the feasibility of pursuing the project right
from its prioritization process. The feasibility study also provides clear
documentation for the decision milestones and defines the approach for the Project
Charter

Executive Summary
PM solutions are seeking to implement a project that has high feasibility with minimal
risks and capable of achieving a cost-benefit form the implementation. Currently, the institution
is considering two project alternative, each falling in a unique industry with varying prospects
and potential. Of these two projects, PM Solutions is only in a position to implement one given
the resource constraints within its reach. Therefore, there is a clear indication that the company
4

Feasibility Study



has to settle on the project alternative with the lowest level of risk, highest cost-benefit analysis,
and a more feasible option in order to avoid unnecessary delays in the implementation process.
Below are a detailed evaluation and assessment of the two projects based on their level of risks,
cost-benefit analysis, and the feasibility of the project selected project.
Background
The wireless warehouse initiative project that would be implemented by the PM
Solutions is expected to bring transformation into the material management operations. In
addition, the successful implementation of this project will probably improve the speed of
delivery of the materials to the site by over 66% in terms of efficiency. This project will be
implemented in the industrial machinery dealing with power generation, oil and gas markets.
This industry has a lot of potential in accommodating the market demand for the material supply,
thus necessitating the need to implement this project.
The second alternative project that the PM Solutions seeks to implement is the relocation
of the U.S headquarters if a security technology firms at a total cost of $3 million within its
budget. This project will fall in the security, human resource, manufacturing, research, and
development industry and is expected to bring the revolution into the sector once complete. The
above alternatives are under consideration which must be implemented within the organization's
budgetary constraints. The drivers of change are efficiency, costs of the implementation and the
benefits realized from the project.
Business Analysis
The wireless warehouse initiative is a project implemented by a company with experience
and competence in the design and development of highly efficient gas compressions running on
the turbine. It also provides power generation and oil pumping packages which can be applied
both onshore and offshore across the globe. This project will fit in current-state business & technical
5

Feasibility Study

environment



because the company has specialized in the provision of vendor management

services, project management solutions, and project scheduling consultation. It operates in the
power generation as well as oil and gas industries.
The project involving the relocation of a security technology firm from its U.S based
headquarters on schedule and within a budgetary estimate of $3million would be implemented
by a company that is a global leader in the digital sector. This project will fit in current-state business &
technical environment

because the company has vast experience and competency in the provision of

screening technology and threat detection in the military, homeland security, and transport
sectors. In addition, it designs and develops technologies for resilience applications which have
been widely used to solve numerous changeless to seamless operations in an organization. The
company provides organizational change management and project management services to its
client and thus operates in the research and development, human resource, security, and
manufacturing sectors.
The planned implementation of the relocation of the security technology firm’s
headquarters will face challenges such as the difficulty attributed to the consolidation of
operations and relocating the U.S. headquarters. In particular, the project is marred with the
challenge of closing the existing headquarters and subsequently retaining the key employees
through the move without experience any disruption in its operations. In as much as the company
is determined to achieve this mission, the fact that it also plans to relocate its crucial departments
such as the accounting and finance, customer services, and research and development
laboratories would pose a major change in the project.
Identified Risks to the Business
Given the nature of services, activities, and industry that this company falls it, there are a
number of challenges that the project implementation may face, in addition, there are varying
probability and different level of /severity of the possible consequences of the project
6

Feasibility Study



implementation. The nature of this implication will depend on the efficiency of its
implementation and the manner in which the organization manages the risks inherent to the
project. Therefore, the project faces the possible encountering risks associated with overhead
control issues that may lead to an increase in the cost of implementing the project. ...

flag Report DMCA
Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors