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Feasibility Reports
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hi everyone and welcome back this is
hi everyone and welcome back this is technical writing with Professor Hall
technical writing with Professor Hall
technical writing with Professor Hall and today we're going to talk about
and today we're going to talk about
and today we're going to talk about feasibility reports one of the reasons
feasibility reports one of the reasons
feasibility reports one of the reasons that I include this in the class is
that I include this in the class is
that I include this in the class is because I know some of you are English
because I know some of you are English
because I know some of you are English majors who want to be writers but other
majors who want to be writers but other
majors who want to be writers but other people in the class and I think most of
people in the class and I think most of
people in the class and I think most of you if you're in my class listening to
you if you're in my class listening to
you if you're in my class listening to this right now are really going to be
this right now are really going to be
this right now are really going to be looking toward doing professional
looking toward doing professional
looking toward doing professional writing where technical writing might be
writing where technical writing might be
writing where technical writing might be just a small component of your job and
just a small component of your job and
just a small component of your job and many different types of industries do
many different types of industries do
many different types of industries do feasibility reports and unlike manual
feasibility reports and unlike manual
feasibility reports and unlike manual writing which we talked about last time
writing which we talked about last time
writing which we talked about last time these are not typically contracted out
these are not typically contracted out
these are not typically contracted out to people who are professional writers
to people who are professional writers
to people who are professional writers so a lot of times if a company has a
so a lot of times if a company has a
so a lot of times if a company has a training manual they might hire a
training manual they might hire a
training manual they might hire a freelancer to write it or they might
freelancer to write it or they might
freelancer to write it or they might have a person within their company whose
have a person within their company whose
have a person within their company whose job it is to do technical writing but
job it is to do technical writing but
job it is to do technical writing but feasibility reports really can be done
feasibility reports really can be done
feasibility reports really can be done by anyone within an organization so
by anyone within an organization so
by anyone within an organization so let's talk about what those are and what
let's talk about what those are and what
let's talk about what those are and what a feasibility study is and how to
a feasibility study is and how to
a feasibility study is and how to conduct such a study and then how to
conduct such a study and then how to
conduct such a study and then how to write this type of a report what is a
write this type of a report what is a
write this type of a report what is a feasibility report well a feasibility
feasibility report well a feasibility
feasibility report well a feasibility study assesses the practicality of a
study assesses the practicality of a
study assesses the practicality of a proposal so we've talked about proposals
proposal so we've talked about proposals
proposal so we've talked about proposals already or you might have done a
already or you might have done a
already or you might have done a proposal for a college composition
proposal for a college composition
proposal for a college composition course the proposal is sort of almost
course the proposal is sort of almost
course the proposal is sort of almost like the first step it comes before the
like the first step it comes before the
like the first step it comes before the report so someone has an idea they see a
report so someone has an idea they see a
report so someone has an idea they see a problem they come up with a new product
problem they come up with a new product
problem they come up with a new product and they put in their proposal the
and they put in their proposal the
and they put in their proposal the feasibility study looks at that proposal
feasibility study looks at that proposal
feasibility study looks at that proposal and asks is this plan viable so in other
and asks is this plan viable so in other
and asks is this plan viable so in other words can we do it the feasibility
words can we do it the feasibility
words can we do it the feasibility report is written at the end of a
report is written at the end of a
report is written at the end of a feasibility study
feasibility study
feasibility study to present the finder to present the
to present the finder to present the
to present the finder to present the findings sometimes to the writer
findings sometimes to the writer
findings sometimes to the writer supervisor sometimes to the team
supervisor sometimes to the team
supervisor sometimes to the team sometimes this will be written by a
sometimes this will be written by a
sometimes this will be written by a supervisor sometimes it'll be written by
supervisor sometimes it'll be written by
supervisor sometimes it'll be written by a committee where different people will
a committee where different people will
a committee where different people will take different portions and do the study
take different portions and do the study
take different portions and do the study together and then come together with the
together and then come together with the
together and then come together with the findings put together the document that
findings put together the document that
findings put together the document that type of thing so questions to research
type of thing so questions to research
type of thing so questions to research and examine that might be part of these
and examine that might be part of these
and examine that might be part of these reports do we have the resources needed
reports do we have the resources needed
reports do we have the resources needed to enact the proposal looking at
to enact the proposal looking at
to enact the proposal looking at resources could be organizational we'll
resources could be organizational we'll
resources could be organizational we'll talk about the different types of
talk about the different types of
talk about the different types of feasibility reports in a moment many
feasibility reports in a moment many
feasibility reports in a moment many times they have several different
times they have several different
times they have several different components and they're kind of
components and they're kind of
components and they're kind of comprehensive but do we have the
comprehensive but do we have the
comprehensive but do we have the resources so do we have the manpower do
resources so do we have the manpower do
resources so do we have the manpower do we have the funding is there community
we have the funding is there community
we have the funding is there community support for example I worked for a
support for example I worked for a
support for example I worked for a school that wanted to have a new
school that wanted to have a new
school that wanted to have a new entrance to their parking and they
entrance to their parking and they
entrance to their parking and they wanted to build a new parking structure
wanted to build a new parking structure
wanted to build a new parking structure and what they found was that really the
and what they found was that really the
and what they found was that really the community did not support that idea
community did not support that idea
community did not support that idea because it would have changed traffic
because it would have changed traffic
because it would have changed traffic patterns that was one of the things that
patterns that was one of the things that
patterns that was one of the things that they found during the study when they
they found during the study when they
they found during the study when they were researching how whether or not that
were researching how whether or not that
were researching how whether or not that idea was feasible do we have the
idea was feasible do we have the
idea was feasible do we have the technology necessary to do this so if
technology necessary to do this so if
technology necessary to do this so if not can we create the technology
not can we create the technology
not can we create the technology depending again on the industry that
depending again on the industry that
depending again on the industry that you're in and then this will we will we
you're in and then this will we will we
you're in and then this will we will we receive a return on our investment
receive a return on our investment
receive a return on our investment that's the ROI that we talked about now
that's the ROI that we talked about now
that's the ROI that we talked about now if you remember that from before when we
if you remember that from before when we
if you remember that from before when we discussed audience you probably recall
discussed audience you probably recall
discussed audience you probably recall that that type of thing is something
that that type of thing is something
that that type of thing is something that an executive audience or a
that an executive audience or a
that an executive audience or a managerial audience is looking for how
managerial audience is looking for how
managerial audience is looking for how much money are we going to put into this
much money are we going to put into this
much money are we going to put into this and how much money are we going to get
and how much money are we going to get
and how much money are we going to get out of it so many times feasibility
out of it so many times feasibility
out of it so many times feasibility reports this is the audience that we're
reports this is the audience that we're
reports this is the audience that we're going for that managerial or executive
going for that managerial or executive
going for that managerial or executive audience whether it is co workers who
audience whether it is co workers who
audience whether it is co workers who are on your same level
are on your same level
are on your same level subordinates people who are below you or
subordinates people who are below you or
subordinates people who are below you or people who work for you or if this is
people who work for you or if this is
people who work for you or if this is for your boss or supervisor someone
for your boss or supervisor someone
for your boss or supervisor someone who's above you in any case it's not
who's above you in any case it's not
who's above you in any case it's not going to have the same considerations as
going to have the same considerations as
going to have the same considerations as would a manual or instructions where
would a manual or instructions where
would a manual or instructions where really you're trying to hit a lot of
really you're trying to hit a lot of
really you're trying to hit a lot of times that novice audience or the expert
times that novice audience or the expert
times that novice audience or the expert audience that or the technician right
audience that or the technician right
audience that or the technician right the person who's going to be repairing
the person who's going to be repairing
the person who's going to be repairing an item so types of feasibility reports
an item so types of feasibility reports
an item so types of feasibility reports first type we're going to discuss here
first type we're going to discuss here
first type we're going to discuss here is technical looking at whether we have
is technical looking at whether we have
is technical looking at whether we have the technical resources to undertake the
the technical resources to undertake the
the technical resources to undertake the project sometimes this could be
project sometimes this could be
project sometimes this could be something like they want to put all new
something like they want to put all new
something like they want to put all new computers in to an office and they want
computers in to an office and they want
computers in to an office and they want those computers to do a certain function
those computers to do a certain function
those computers to do a certain function or they want to change I worked at a
or they want to change I worked at a
or they want to change I worked at a company one time where they wanted to
company one time where they wanted to
company one time where they wanted to update software but the computers that
update software but the computers that
update software but the computers that we had would not be compatible with that
we had would not be compatible with that
we had would not be compatible with that software update right so that's the kind
software update right so that's the kind
software update right so that's the kind of research that would go into technical
of research that would go into technical
of research that would go into technical feasibility oops here we go cultural
feasibility oops here we go cultural
feasibility oops here we go cultural feasibility what impact will this have
feasibility what impact will this have
feasibility what impact will this have on both the local and the general
on both the local and the general
on both the local and the general cultures what sort of environmental
cultures what sort of environmental
cultures what sort of environmental implications does the feasibility study
implications does the feasibility study
implications does the feasibility study have so cultural many times this would
have so cultural many times this would
have so cultural many times this would also impact the culture of a company if
also impact the culture of a company if
also impact the culture of a company if you're in business or if you're thinking
you're in business or if you're thinking
you're in business or if you're thinking about going into business company
about going into business company
about going into business company culture is extremely important and if
culture is extremely important and if
culture is extremely important and if they're doing a study to say make a
they're doing a study to say make a
they're doing a study to say make a major shift where they want to change
major shift where they want to change
major shift where they want to change all of the departments within a company
all of the departments within a company
all of the departments within a company and change the responsibilities of the
and change the responsibilities of the
and change the responsibilities of the people overseeing those departments and
people overseeing those departments and
people overseeing those departments and let's say possibly they're looking at
let's say possibly they're looking at
let's say possibly they're looking at promoting somebody who has only one year
promoting somebody who has only one year
promoting somebody who has only one year of experience to oversee one of these
of experience to oversee one of these
of experience to oversee one of these departments when in
departments when in
departments when in pache will that have on the company
pache will that have on the company
pache will that have on the company culture well you might have people who
culture well you might have people who
culture well you might have people who have more experience than that person
have more experience than that person
have more experience than that person who are now angry or resentful that they
who are now angry or resentful that they
who are now angry or resentful that they were not promoted you might have people
were not promoted you might have people
were not promoted you might have people working in different departments where
working in different departments where
working in different departments where they don't really know what their
they don't really know what their
they don't really know what their responsibilities are for a certain
responsibilities are for a certain
responsibilities are for a certain period of time or there might there may
period of time or there might there may
period of time or there might there may be working with people who they do not
be working with people who they do not
be working with people who they do not get along with right so all of that kind
get along with right so all of that kind
get along with right so all of that kind of thing the people in the higher
of thing the people in the higher
of thing the people in the higher positions really should discuss and
positions really should discuss and
positions really should discuss and consider and think about before making
consider and think about before making
consider and think about before making that type of a change and so that would
that type of a change and so that would
that type of a change and so that would be one example of a cultural feasibility
be one example of a cultural feasibility
be one example of a cultural feasibility study other times if you're looking at
study other times if you're looking at
study other times if you're looking at doing a product this is the same for
doing a product this is the same for
doing a product this is the same for technical do people need the product how
technical do people need the product how
technical do people need the product how will it affect the culture so for
will it affect the culture so for
will it affect the culture so for example there is a person who created I
example there is a person who created I
example there is a person who created I forget his name right now but the man
forget his name right now but the man
forget his name right now but the man who created the retweet button on
who created the retweet button on
who created the retweet button on Twitter said that he wished he never
Twitter said that he wished he never
Twitter said that he wished he never invented it because he didn't like the
invented it because he didn't like the
invented it because he didn't like the cultural shift that it had in social
cultural shift that it had in social
cultural shift that it had in social media of people retweeting other
media of people retweeting other
media of people retweeting other people's stuff and commenting on it and
people's stuff and commenting on it and
people's stuff and commenting on it and that it sometimes led to cyberbullying
that it sometimes led to cyberbullying
that it sometimes led to cyberbullying that it sometimes led to certain
that it sometimes led to certain
that it sometimes led to certain politicians retweeting information that
politicians retweeting information that
politicians retweeting information that came from not credible news sources that
came from not credible news sources that
came from not credible news sources that kind of thing so cultural feasibility in
kind of thing so cultural feasibility in
kind of thing so cultural feasibility in that case maybe should have been looked
that case maybe should have been looked
that case maybe should have been looked at a little bit more legal and ethical
at a little bit more legal and ethical
at a little bit more legal and ethical feasibility what are the legal
feasibility what are the legal
feasibility what are the legal implications of the project what sort of
implications of the project what sort of
implications of the project what sort of ethical considerations are there
ethical considerations are there
ethical considerations are there sometimes this will be done if you are
sometimes this will be done if you are
sometimes this will be done if you are going to conduct research before you are
going to conduct research before you are
going to conduct research before you are able to do the research they have to
able to do the research they have to
able to do the research they have to look at the legal and ethical
look at the legal and ethical
look at the legal and ethical implications so when I've been part of
implications so when I've been part of
implications so when I've been part of research studies in the past we've had
research studies in the past we've had
research studies in the past we've had to go through the ethics committee or
to go through the ethics committee or
to go through the ethics committee or the ethics board to talk about how we're
the ethics board to talk about how we're
the ethics board to talk about how we're going to do there
going to do there
going to do there research who will be involved how will
research who will be involved how will
research who will be involved how will their participation be measured all of
their participation be measured all of
their participation be measured all of that kind of thing in other situations
that kind of thing in other situations
that kind of thing in other situations the legal feasibility of something has
the legal feasibility of something has
the legal feasibility of something has to do with with various issues so for
to do with with various issues so for
to do with with various issues so for example if the company wants to increase
example if the company wants to increase
example if the company wants to increase people's hours and/or cut their pay how
people's hours and/or cut their pay how
people's hours and/or cut their pay how is is that going to be legal if it is
is is that going to be legal if it is
is is that going to be legal if it is and we're trying to get rid of giving
and we're trying to get rid of giving
and we're trying to get rid of giving benefits to people can we just give them
benefits to people can we just give them
benefits to people can we just give them a non paid lunch hour that's something
a non paid lunch hour that's something
a non paid lunch hour that's something that happened welcome to me when I was
that happened welcome to me when I was
that happened welcome to me when I was in high school or college I had a job
in high school or college I had a job
in high school or college I had a job where it was 40 hours a week and then
where it was 40 hours a week and then
where it was 40 hours a week and then they cut it to 35 but it was essentially
they cut it to 35 but it was essentially
they cut it to 35 but it was essentially 40 hours a week with a non paid lunch
40 hours a week with a non paid lunch
40 hours a week with a non paid lunch our other legal implications might be
our other legal implications might be
our other legal implications might be things like copyright law so we want to
things like copyright law so we want to
things like copyright law so we want to produce this product up until now it has
produce this product up until now it has
produce this product up until now it has had a patent on it but it hasn't been
had a patent on it but it hasn't been
had a patent on it but it hasn't been created how do we how can we go about
created how do we how can we go about
created how do we how can we go about getting the rights to create it or can
getting the rights to create it or can
getting the rights to create it or can we do something to bypass the patent
we do something to bypass the patent
we do something to bypass the patent right that would be the kind of study
right that would be the kind of study
right that would be the kind of study that would be undertaken other types of
that would be undertaken other types of
that would be undertaken other types of feasibility reports marketing
feasibility reports marketing
feasibility reports marketing feasibility will anyone want the product
feasibility will anyone want the product
feasibility will anyone want the product once it is done there's a very famous
once it is done there's a very famous
once it is done there's a very famous case here with New Coke where people at
case here with New Coke where people at
case here with New Coke where people at coca-cola were being beaten by Pepsi or
coca-cola were being beaten by Pepsi or
coca-cola were being beaten by Pepsi or at least in blind taste test people said
at least in blind taste test people said
at least in blind taste test people said they like Pepsi more so Coke
they like Pepsi more so Coke
they like Pepsi more so Coke reformulated well they made just about
reformulated well they made just about
reformulated well they made just about all of their customers angry because the
all of their customers angry because the
all of their customers angry because the people who were drinking Coke really
people who were drinking Coke really
people who were drinking Coke really liked it so they didn't really do that
liked it so they didn't really do that
liked it so they didn't really do that great of a marketing study would anyone
great of a marketing study would anyone
great of a marketing study would anyone actually want the products once it was
actually want the products once it was
actually want the products once it was finished and they took quite a large hit
finished and they took quite a large hit
finished and they took quite a large hit so things like who's the target
so things like who's the target
so things like who's the target demographic should we do a test run
demographic should we do a test run
demographic should we do a test run should we have a focused group to take a
should we have a focused group to take a
should we have a focused group to take a look at this products those are the
look at this products those are the
look at this products those are the types of things that would go into that
types of things that would go into that
types of things that would go into that kind of a study I did market research
kind of a study I did market research
kind of a study I did market research for a while and I ran focus groups and
for a while and I ran focus groups and
for a while and I ran focus groups and created surveys and can
created surveys and can
created surveys and can surveys and a lot of that sometimes will
surveys and a lot of that sometimes will
surveys and a lot of that sometimes will be done by you know a specific marketing
be done by you know a specific marketing
be done by you know a specific marketing team in that case resource feasibility
team in that case resource feasibility
team in that case resource feasibility do you have enough resources what
do you have enough resources what
do you have enough resources what resources will be required what fits
resources will be required what fits
resources will be required what fits what facilities will be required cetera
what facilities will be required cetera
what facilities will be required cetera so sometimes this is also looking at
so sometimes this is also looking at
so sometimes this is also looking at economics although I think I have that
economics although I think I have that
economics although I think I have that listed on the next slide but resource
listed on the next slide but resource
listed on the next slide but resource feasibility can include other things
feasibility can include other things
feasibility can include other things include and this might be coming up
include and this might be coming up
include and this might be coming up later to looking at manpower do you have
later to looking at manpower do you have
later to looking at manpower do you have enough people to do what is being
enough people to do what is being
enough people to do what is being proposed so I mentioned before doing
proposed so I mentioned before doing
proposed so I mentioned before doing like a software update right one of the
like a software update right one of the
like a software update right one of the places where I worked they wanted to do
places where I worked they wanted to do
places where I worked they wanted to do a software update and then as I said the
a software update and then as I said the
a software update and then as I said the computers were not going to be
computers were not going to be
computers were not going to be compatible with the update the computers
compatible with the update the computers
compatible with the update the computers were too old basically to handle the new
were too old basically to handle the new
were too old basically to handle the new software and then they looked at other
software and then they looked at other
software and then they looked at other resources for that update including
resources for that update including
resources for that update including manpower and they really only had I
manpower and they really only had I
manpower and they really only had I think two or three people in IT so it
think two or three people in IT so it
think two or three people in IT so it would have taken a very long time to
would have taken a very long time to
would have taken a very long time to roll out in that case what they actually
roll out in that case what they actually
roll out in that case what they actually ended up doing was utilizing the
ended up doing was utilizing the
ended up doing was utilizing the manpower and creating a different plan
manpower and creating a different plan
manpower and creating a different plan so they rolled it out slowly and and as
so they rolled it out slowly and and as
so they rolled it out slowly and and as they did they would give people new
they did they would give people new
they did they would give people new computers and then do the software
computers and then do the software
computers and then do the software update and by the time the people were
update and by the time the people were
update and by the time the people were able to enact those changes they had
able to enact those changes they had
able to enact those changes they had eventually then replaced all of the
eventually then replaced all of the
eventually then replaced all of the computers so it was the the feasibility
computers so it was the the feasibility
computers so it was the the feasibility study that they did actually worked out
study that they did actually worked out
study that they did actually worked out well for them in the long term or the
well for them in the long term or the
well for them in the long term or the way that they tried to conduct it those
way that they tried to conduct it those
way that they tried to conduct it those changes operational feasibility this
changes operational feasibility this
changes operational feasibility this measures how well your company will be
measures how well your company will be
measures how well your company will be able to solve problems and take
able to solve problems and take
able to solve problems and take advantage of opportunities that are
advantage of opportunities that are
advantage of opportunities that are presented during the course of the
presented during the course of the
presented during the course of the project so this could be a temporary
project so this could be a temporary
project so this could be a temporary project that lasts like six months okay
project that lasts like six months okay
project that lasts like six months okay are we going to hire from the outside
are we going to hire from the outside
are we going to hire from the outside and bring someone in on contract for
and bring someone in on contract for
and bring someone in on contract for that six month
that six month
that six month are we going to promote someone to an
are we going to promote someone to an
are we going to promote someone to an interim position for that six months
interim position for that six months
interim position for that six months that would be one example
that would be one example
that would be one example other examples are trying to sorry
other examples are trying to sorry
other examples are trying to sorry other examples might be trying to take
other examples might be trying to take
other examples might be trying to take advantage of opportunities so if there's
advantage of opportunities so if there's
advantage of opportunities so if there's a company that's expanding looking at
a company that's expanding looking at
a company that's expanding looking at what the operations will look like how
what the operations will look like how
what the operations will look like how many people they have to hire how they
many people they have to hire how they
many people they have to hire how they can solve problems during that expansion
schedule feasibility this is kind of as
schedule feasibility this is kind of as the one I mentioned before the example I
the one I mentioned before the example I
the one I mentioned before the example I gave you with the resources does the
gave you with the resources does the
gave you with the resources does the company currently have the time
company currently have the time
company currently have the time resources to undertake the project or
resources to undertake the project or
resources to undertake the project or how long will something take and as I
how long will something take and as I
how long will something take and as I said before with a lot of these usually
said before with a lot of these usually
said before with a lot of these usually a schedule feasibility is part of a
a schedule feasibility is part of a
a schedule feasibility is part of a larger report you might not have a full
larger report you might not have a full
larger report you might not have a full report just on the schedule or maybe you
report just on the schedule or maybe you
report just on the schedule or maybe you will if they're doing a really large
will if they're doing a really large
will if they're doing a really large overhaul or they're trying to do a
overhaul or they're trying to do a
overhaul or they're trying to do a long-term solution they might look at
long-term solution they might look at
long-term solution they might look at you know Part A Part B Part C Part D how
you know Part A Part B Part C Part D how
you know Part A Part B Part C Part D how long we think each one of these
long we think each one of these
long we think each one of these components is going to take us or if
components is going to take us or if
components is going to take us or if you're sorry if you're working with
developing a product how long do we
developing a product how long do we think it'll take to create the
think it'll take to create the
think it'll take to create the technology necessary for this product
technology necessary for this product
technology necessary for this product how long do we think it'll take to
how long do we think it'll take to
how long do we think it'll take to actually create the product how long is
actually create the product how long is
actually create the product how long is it going to take for testing something
it going to take for testing something
it going to take for testing something like pharmaceuticals scheduling is quite
like pharmaceuticals scheduling is quite
like pharmaceuticals scheduling is quite important because you have trial tests
important because you have trial tests
important because you have trial tests you have different levels that you have
you have different levels that you have
you have different levels that you have to go through before you can bring it to
to go through before you can bring it to
to go through before you can bring it to the FDA so having a timeline is quite
the FDA so having a timeline is quite
the FDA so having a timeline is quite important in that case all right I think
important in that case all right I think
important in that case all right I think this is the last one types of
this is the last one types of
this is the last one types of feasibility reports real estate
feasibility reports real estate
feasibility reports real estate feasibility what kind of land are proud
feasibility what kind of land are proud
feasibility what kind of land are proud will be required to undertake the
will be required to undertake the
will be required to undertake the projects what is the market like what
projects what is the market like what
projects what is the market like what are the zoning laws how will the
are the zoning laws how will the
are the zoning laws how will the business impact the area this is sort of
business impact the area this is sort of
business impact the area this is sort of like the example I gave you about the
like the example I gave you about the
like the example I gave you about the parking structure we recently a couple
parking structure we recently a couple
parking structure we recently a couple years ago the casino went into our area
they had to do quite a bit of
they had to do quite a bit of feasibility about real estate where they
feasibility about real estate where they
feasibility about real estate where they were going to place it how much the land
were going to place it how much the land
were going to place it how much the land would cost how much land they needed to
would cost how much land they needed to
would cost how much land they needed to undertake that project the zoning laws
undertake that project the zoning laws
undertake that project the zoning laws but also the traffic patterns were
but also the traffic patterns were
but also the traffic patterns were vitally important so they ended up first
vitally important so they ended up first
vitally important so they ended up first looking at putting in traffic circles
looking at putting in traffic circles
looking at putting in traffic circles beforehand so that the traffic patterns
beforehand so that the traffic patterns
beforehand so that the traffic patterns would flow a little bit better I don't
would flow a little bit better I don't
would flow a little bit better I don't think it worked that well but at any
think it worked that well but at any
think it worked that well but at any rate those are some of the things that
rate those are some of the things that
rate those are some of the things that they had to look at for that project
they had to look at for that project
they had to look at for that project economic feasibility given the financial
economic feasibility given the financial
economic feasibility given the financial resources of the company is the product
resources of the company is the product
resources of the company is the product is the project something that can be
is the project something that can be
is the project something that can be completed this is really one of the
completed this is really one of the
completed this is really one of the types of feasibility reports you might
types of feasibility reports you might
types of feasibility reports you might be doing most often if you end up doing
be doing most often if you end up doing
be doing most often if you end up doing these and really it's a component of
these and really it's a component of
these and really it's a component of most projects do we have the money
most projects do we have the money
most projects do we have the money cost-benefit analysis how much will it
cost-benefit analysis how much will it
cost-benefit analysis how much will it cost us how much will it benefit us will
cost us how much will it benefit us will
cost us how much will it benefit us will it bring an income what are the risks
it bring an income what are the risks
it bring an income what are the risks involved all of those things go into the
involved all of those things go into the
involved all of those things go into the economic feasibility report
comprehensive feasibility takes a look
comprehensive feasibility takes a look at the various aspects involved in a
at the various aspects involved in a
at the various aspects involved in a project so marketing real estate the
project so marketing real estate the
project so marketing real estate the cultural the economic sometimes a
cultural the economic sometimes a
cultural the economic sometimes a combination of those sometimes all of
combination of those sometimes all of
combination of those sometimes all of the stuff I just talked about would
the stuff I just talked about would
the stuff I just talked about would undertaking a new business venture it's
undertaking a new business venture it's
undertaking a new business venture it's really the most common type of
really the most common type of
really the most common type of feasibility study
so you've seen all the types of reports
so you've seen all the types of reports when are these reports needed
when are these reports needed
when are these reports needed feasibility studies really should be
feasibility studies really should be
feasibility studies really should be undertaken any time there is a proposal
undertaken any time there is a proposal
undertaken any time there is a proposal for a new building organizational shift
for a new building organizational shift
for a new building organizational shift or product so the proposal as I said
or product so the proposal as I said
or product so the proposal as I said before usually comes first and then the
before usually comes first and then the
before usually comes first and then the feasibility study and then the resulting
feasibility study and then the resulting
feasibility study and then the resulting report they may also be done during the
report they may also be done during the
report they may also be done during the lifecycle of a proposal if issues need
lifecycle of a proposal if issues need
lifecycle of a proposal if issues need to be re-examined so as I have there on
to be re-examined so as I have there on
to be re-examined so as I have there on the right don't be afraid to cancel or
the right don't be afraid to cancel or
the right don't be afraid to cancel or revise the scope a lot of times
revise the scope a lot of times
revise the scope a lot of times businesses will have what's called the
businesses will have what's called the
businesses will have what's called the creeping commitment model so creeping
creeping commitment model so creeping
creeping commitment model so creeping commitment is a strategy where the
commitment is a strategy where the
commitment is a strategy where the feasibility is continuously reevaluated
feasibility is continuously reevaluated
feasibility is continuously reevaluated throughout the project so if they do a
throughout the project so if they do a
throughout the project so if they do a comprehensive study on a new product and
comprehensive study on a new product and
comprehensive study on a new product and then it gets to that test group phase
then it gets to that test group phase
then it gets to that test group phase and focus group phase and people hate
and focus group phase and people hate
and focus group phase and people hate the product then there is no positive
the product then there is no positive
the product then there is no positive feedback then it might be cancelled if
feedback then it might be cancelled if
feedback then it might be cancelled if they're doing a building and the costs
they're doing a building and the costs
they're doing a building and the costs are you know five times more than they
are you know five times more than they
are you know five times more than they thought there's major issues it's taking
thought there's major issues it's taking
thought there's major issues it's taking two extra years then they might revise
two extra years then they might revise
two extra years then they might revise the plan right build smaller have fewer
the plan right build smaller have fewer
the plan right build smaller have fewer floors hire a different contractor that
floors hire a different contractor that
floors hire a different contractor that kind of thing so this sort of goes
kind of thing so this sort of goes
kind of thing so this sort of goes together with risk management that's
together with risk management that's
together with risk management that's when we identify evaluate and control
when we identify evaluate and control
when we identify evaluate and control what might go wrong with a project the
the thing that it's hurry uh I have
the thing that it's hurry uh I have something in my throat there sorry guys
something in my throat there sorry guys
something in my throat there sorry guys so risk management really is connected
so risk management really is connected
so risk management really is connected to feasibility reports because you're
to feasibility reports because you're
to feasibility reports because you're always trying to analyze the risk and
always trying to analyze the risk and
always trying to analyze the risk and assess it and continually ask is this
assess it and continually ask is this
assess it and continually ask is this still feasible can we still do this work
still feasible can we still do this work
still feasible can we still do this work should we feasible study cannot only
should we feasible study cannot only
should we feasible study cannot only provide the direction but will also
provide the direction but will also
provide the direction but will also define the focus for the team so meet
define the focus for the team so meet
define the focus for the team so meet mark hi mark this is based on a real
mark hi mark this is based on a real
mark hi mark this is based on a real problem that's just a picture that I
problem that's just a picture that I
problem that's just a picture that I grabbed it doesn't doesn't look like
grabbed it doesn't doesn't look like
grabbed it doesn't doesn't look like mark and the names have been changed
mark and the names have been changed
mark and the names have been changed last year marks company doubled in size
last year marks company doubled in size
last year marks company doubled in size after hiring 400 new workers they had
after hiring 400 new workers they had
after hiring 400 new workers they had problems with a lack of parking the
problems with a lack of parking the
problems with a lack of parking the vice-president of buildings and grounds
vice-president of buildings and grounds
vice-president of buildings and grounds proposed that to fix the problem the
proposed that to fix the problem the
proposed that to fix the problem the company would put in a new parking
company would put in a new parking
company would put in a new parking garage the VP then asked mark to do a
garage the VP then asked mark to do a
garage the VP then asked mark to do a feasibility study and write a report on
feasibility study and write a report on
feasibility study and write a report on the findings so primarily financial but
the findings so primarily financial but
the findings so primarily financial but really more of a comprehensive report
really more of a comprehensive report
really more of a comprehensive report the vice president's question was can we
the vice president's question was can we
the vice president's question was can we afford to build a new parking garage and
afford to build a new parking garage and
afford to build a new parking garage and should we is this a good idea should we
should we is this a good idea should we
should we is this a good idea should we go ahead with it or should we scrap it
go ahead with it or should we scrap it
go ahead with it or should we scrap it mark wasn't quite sure where to start so
mark wasn't quite sure where to start so
mark wasn't quite sure where to start so how should he do his feasibility study
how should he do his feasibility study
how should he do his feasibility study when you're doing the feasibility study
when you're doing the feasibility study
when you're doing the feasibility study the first thing is a preliminary
the first thing is a preliminary
the first thing is a preliminary analysis that's going to be kind of
analysis that's going to be kind of
analysis that's going to be kind of looking at the issue overall before I do
looking at the issue overall before I do
looking at the issue overall before I do a whole lot of research do I think that
a whole lot of research do I think that
a whole lot of research do I think that this is a good idea then prepare a
this is a good idea then prepare a
this is a good idea then prepare a projected income statement so what are
projected income statement so what are
projected income statement so what are the income streams how will those
the income streams how will those
the income streams how will those streams be affected how will this
streams be affected how will this
streams be affected how will this proposal make money after the income
proposal make money after the income
proposal make money after the income statement or possibly if you have a
statement or possibly if you have a
statement or possibly if you have a larger team where one group is looking
larger team where one group is looking
larger team where one group is looking at income and another one is looking at
at income and another one is looking at
at income and another one is looking at market conduct on market
market conduct on market
market conduct on market surveys so talking to people inside and
surveys so talking to people inside and
surveys so talking to people inside and outside of the corporation surveying
outside of the corporation surveying
outside of the corporation surveying wants and needs sometimes this might
wants and needs sometimes this might
wants and needs sometimes this might even involve looking at another company
even involve looking at another company
even involve looking at another company who has done a similar thing our
who has done a similar thing our
who has done a similar thing our customers demanding a service is the
customers demanding a service is the
customers demanding a service is the product on trend with what other
product on trend with what other
product on trend with what other companies are doing or is it ahead of
companies are doing or is it ahead of
companies are doing or is it ahead of the trend or are you way behind planning
the trend or are you way behind planning
the trend or are you way behind planning a business operation what are the
a business operation what are the
a business operation what are the staffing requirements the legal
staffing requirements the legal
staffing requirements the legal requirements what will the structures
requirements what will the structures
requirements what will the structures look like what other resources do we
look like what other resources do we
look like what other resources do we need
need
need so this basically when I've been part of
so this basically when I've been part of
so this basically when I've been part of a feasibility study before that one of
a feasibility study before that one of
a feasibility study before that one of the first things we actually did was
the first things we actually did was
the first things we actually did was meet as a group and talk about what
meet as a group and talk about what
meet as a group and talk about what questions we were going to ask in the
questions we were going to ask in the
questions we were going to ask in the study and we met probably I think we met
study and we met probably I think we met
study and we met probably I think we met two or three times just developing the
two or three times just developing the
two or three times just developing the questions that were going to be
questions that were going to be
questions that were going to be researched so the first time we came and
researched so the first time we came and
researched so the first time we came and we did a preliminary analysis we sort of
we did a preliminary analysis we sort of
we did a preliminary analysis we sort of talked about strengths weaknesses
talked about strengths weaknesses
talked about strengths weaknesses opportunities threats it's called a SWOT
opportunities threats it's called a SWOT
opportunities threats it's called a SWOT analysis that was just within the group
analysis that was just within the group
analysis that was just within the group then we were given the task to write
then we were given the task to write
then we were given the task to write research questions things that we wanted
research questions things that we wanted
research questions things that we wanted answered about the feasibility study and
answered about the feasibility study and
answered about the feasibility study and then we came back with the questions we
then we came back with the questions we
then we came back with the questions we kind of went through them so where there
kind of went through them so where there
kind of went through them so where there was overlap cut things out added a few
was overlap cut things out added a few
was overlap cut things out added a few things and then we had our research
things and then we had our research
things and then we had our research questions and then different groups were
questions and then different groups were
questions and then different groups were assigned research on different
assigned research on different
assigned research on different components so one group looks at the
components so one group looks at the
components so one group looks at the income one look group looked at the
income one look group looked at the
income one look group looked at the culture and the marketplace another
culture and the marketplace another
culture and the marketplace another group looked at the the other resources
group looked at the the other resources
group looked at the the other resources beyond just economic and then another
beyond just economic and then another
beyond just economic and then another group was looking at some of the legal
group was looking at some of the legal
group was looking at some of the legal issues so it doesn't necessarily have to
issues so it doesn't necessarily have to
issues so it doesn't necessarily have to be done by one person now I've seen in
be done by one person now I've seen in
be done by one person now I've seen in other companies that are a little bit
other companies that are a little bit
other companies that are a little bit smaller a lot of family-run businesses
smaller a lot of family-run businesses
smaller a lot of family-run businesses maybe one person will be kind of coming
maybe one person will be kind of coming
maybe one person will be kind of coming up with a proposal and then also seeing
up with a proposal and then also seeing
up with a proposal and then also seeing whether or not that idea is feasible and
whether or not that idea is feasible and
whether or not that idea is feasible and bringing it to the rest of the group
bringing it to the rest of the group
bringing it to the rest of the group that could happen as well
that could happen as well
that could happen as well but basically you're looking for
but basically you're looking for
but basically you're looking for questions that you will then research
questions that you will then research
questions that you will then research and then you're doing the analysis so
and then you're doing the analysis so
and then you're doing the analysis so you're researching those questions
you're researching those questions
you're researching those questions analyzing the results and then coming up
analyzing the results and then coming up
analyzing the results and then coming up with an accurate opening-day balance
with an accurate opening-day balance
with an accurate opening-day balance sheet so that is expensive what's going
sheet so that is expensive what's going
sheet so that is expensive what's going out revenue what's coming in and
out revenue what's coming in and
out revenue what's coming in and eventually what's going to be that ROI
eventually what's going to be that ROI
eventually what's going to be that ROI return on investment so as it says over
return on investment so as it says over
return on investment so as it says over here not gonna let me draw on it yes it
here not gonna let me draw on it yes it
here not gonna let me draw on it yes it is there the money gained or lost on an
is there the money gained or lost on an
is there the money gained or lost on an investment as compared to the money
investment as compared to the money
investment as compared to the money invested and the profitability sometimes
invested and the profitability sometimes
invested and the profitability sometimes a scheduling feasibility report will
a scheduling feasibility report will
a scheduling feasibility report will also look at how long it will take
also look at how long it will take
also look at how long it will take something to be profitable so if you're
something to be profitable so if you're
something to be profitable so if you're looking at something like open let's say
looking at something like open let's say
looking at something like open let's say you have a restaurant you're thinking
you have a restaurant you're thinking
you have a restaurant you're thinking about opening two other locations
about opening two other locations
about opening two other locations how long will it take for those two
how long will it take for those two
how long will it take for those two locations to become profitable based on
locations to become profitable based on
locations to become profitable based on building expenses or rental expenses
building expenses or rental expenses
building expenses or rental expenses based on the hiring of new people based
based on the hiring of new people based
based on the hiring of new people based on the additional ordering of food and
on the additional ordering of food and
on the additional ordering of food and the buying of things like plates and
the buying of things like plates and
the buying of things like plates and glasses and so prepared all of that kind
glasses and so prepared all of that kind
glasses and so prepared all of that kind of thing how long will it take before it
of thing how long will it take before it
of thing how long will it take before it becomes profitable so a lot of places
becomes profitable so a lot of places
becomes profitable so a lot of places might put in an initial investment that
might put in an initial investment that
might put in an initial investment that let's say they they know that it will
let's say they they know that it will
let's say they they know that it will take two years before that restaurant
take two years before that restaurant
take two years before that restaurant pays off right but then after that two
pays off right but then after that two
pays off right but then after that two years their profits are gonna shoot up
years their profits are gonna shoot up
years their profits are gonna shoot up and if they are successful they can make
and if they are successful they can make
and if they are successful they can make quite a bit more money so that would be
quite a bit more money so that would be
quite a bit more money so that would be part of that scheduling as well and part
part of that scheduling as well and part
part of that scheduling as well and part of the analysis so the opening day
of the analysis so the opening day
of the analysis so the opening day balance sheet first and then people
balance sheet first and then people
balance sheet first and then people would then review and analyze all the
would then review and analyze all the
would then review and analyze all the data and then make a go or no go
data and then make a go or no go
data and then make a go or no go decision so in other words decide
decision so in other words decide
decision so in other words decide whether or not to proceed with the
whether or not to proceed with the
whether or not to proceed with the proposed idea
proposed idea
proposed idea this is than all going to be written up
this is than all going to be written up
this is than all going to be written up in that report oftentimes the resulting
in that report oftentimes the resulting
in that report oftentimes the resulting report will include recommendations for
report will include recommendations for
report will include recommendations for or against the proposal or alternatives
or against the proposal or alternatives
or against the proposal or alternatives to the proposal so that's really the
to the proposal so that's really the
to the proposal so that's really the conclusion of the report has
conclusion of the report has
conclusion of the report has recommendations and then also
recommendations and then also
recommendations and then also alternatives even if they're
alternatives even if they're
alternatives even if they're recommending for the proposal they might
recommending for the proposal they might
recommending for the proposal they might include alternatives in there as well so
include alternatives in there as well so
include alternatives in there as well so Marc's first steps
Marc's first steps
Marc's first steps he's been tasked with looking at the
he's been tasked with looking at the
he's been tasked with looking at the proposed parking garage Marc began his
proposed parking garage Marc began his
proposed parking garage Marc began his preliminary analysis by asking several
preliminary analysis by asking several
preliminary analysis by asking several questions could the proposed location
questions could the proposed location
questions could the proposed location physically support the structure how
physically support the structure how
physically support the structure how much would the project cost how much
much would the project cost how much
much would the project cost how much time would the project take where would
time would the project take where would
time would the project take where would people park while the structure was
people park while the structure was
people park while the structure was being built what permits would be needed
being built what permits would be needed
being built what permits would be needed before proceeding so you can see in his
before proceeding so you can see in his
before proceeding so you can see in his analysis we have a few different
analysis we have a few different
analysis we have a few different components here right the real estate
components here right the real estate
components here right the real estate with the proposed location and the
with the proposed location and the
with the proposed location and the actual feasibility of that land can it
actual feasibility of that land can it
actual feasibility of that land can it physically support a structure there's
physically support a structure there's
physically support a structure there's an old joke about an architect who built
an old joke about an architect who built
an old joke about an architect who built a library and they did the whole
a library and they did the whole
a library and they did the whole feasibility study and they put the
feasibility study and they put the
feasibility study and they put the library in and it was great and then
library in and it was great and then
library in and it was great and then they put the books in and it slowly sank
they put the books in and it slowly sank
they put the books in and it slowly sank because they hadn't calculated the
because they hadn't calculated the
because they hadn't calculated the weight of the books so physically
weight of the books so physically
weight of the books so physically supporting the structure would be sort
supporting the structure would be sort
supporting the structure would be sort of an important thing to look at um the
of an important thing to look at um the
of an important thing to look at um the cost that's the economic portion of it
cost that's the economic portion of it
cost that's the economic portion of it how much time it's going to take
how much time it's going to take
how much time it's going to take that's the scheduling where would people
that's the scheduling where would people
that's the scheduling where would people Park in the meantime where would people
Park in the meantime where would people
Park in the meantime where would people park in the meantime that would be
park in the meantime that would be
park in the meantime that would be possibly scheduling but also resources
possibly scheduling but also resources
possibly scheduling but also resources physically where are they going to go
physically where are they going to go
physically where are they going to go and also you might out you might an
and also you might out you might an
and also you might out you might an addition look at how that might impact
addition look at how that might impact
addition look at how that might impact the culture or the organization
the culture or the organization
the culture or the organization then the permits which would be the
then the permits which would be the
then the permits which would be the legal requirements so all of that was
legal requirements so all of that was
legal requirements so all of that was part of Marc's preliminary analysis then
part of Marc's preliminary analysis then
part of Marc's preliminary analysis then he created his projective in hiepro
he created his projective in hiepro
he created his projective in hiepro created a projected income statement he
created a projected income statement he
created a projected income statement he realized the parking structure was
realized the parking structure was
realized the parking structure was something that would cost the company
something that would cost the company
something that would cost the company money but it would not bring in revenue
money but it would not bring in revenue
money but it would not bring in revenue so would there actually be any ROI at
so would there actually be any ROI at
so would there actually be any ROI at all or is this just something sometimes
all or is this just something sometimes
all or is this just something sometimes you don't have an ROI sometimes you have
you don't have an ROI sometimes you have
you don't have an ROI sometimes you have to do an update or building improvement
to do an update or building improvement
to do an update or building improvement that's not really gonna bring in any
that's not really gonna bring in any
that's not really gonna bring in any money however then he surveyed some of
money however then he surveyed some of
money however then he surveyed some of his colleagues in the organization 90
his colleagues in the organization 90
his colleagues in the organization 90 percent complained about the parking
percent complained about the parking
percent complained about the parking situation more than half of those
situation more than half of those
situation more than half of those unhappy with parking said that it made
unhappy with parking said that it made
unhappy with parking said that it made them late for work and it cost them 10
them late for work and it cost them 10
them late for work and it cost them 10 to 20 minutes of lost time and then over
to 20 minutes of lost time and then over
to 20 minutes of lost time and then over a third said that it negatively affected
a third said that it negatively affected
a third said that it negatively affected their job satisfaction because you're
their job satisfaction because you're
their job satisfaction because you're starting off your day really frustrated
starting off your day really frustrated
starting off your day really frustrated not being a little perk and just driving
not being a little perk and just driving
not being a little perk and just driving around in circles
around in circles
around in circles so with Marc's research he realized that
so with Marc's research he realized that
so with Marc's research he realized that while I might not bring in money it
while I might not bring in money it
while I might not bring in money it would help to gain greater job
would help to gain greater job
would help to gain greater job satisfaction and if people quit the
satisfaction and if people quit the
satisfaction and if people quit the company would lose money and time hiring
company would lose money and time hiring
company would lose money and time hiring and training people moreover the time
and training people moreover the time
and training people moreover the time lost trying to navigate the staff
lost trying to navigate the staff
lost trying to navigate the staff parking lot was losing the company money
parking lot was losing the company money
parking lot was losing the company money so therefore he continued to examine the
so therefore he continued to examine the
so therefore he continued to examine the proposal if he had not found so if he
proposal if he had not found so if he
proposal if he had not found so if he had found those things to be not true if
had found those things to be not true if
had found those things to be not true if people said no actually you know the
people said no actually you know the
people said no actually you know the parking spine is slightly annoying but
parking spine is slightly annoying but
parking spine is slightly annoying but who cares then he might have just
who cares then he might have just
who cares then he might have just stopped the proposal right there or the
stopped the proposal right there or the
stopped the proposal right there or the I'm sorry the feasibility study right at
I'm sorry the feasibility study right at
I'm sorry the feasibility study right at that point but because it was causing
that point but because it was causing
that point but because it was causing such a big problem at the company he
such a big problem at the company he
such a big problem at the company he continued to examine and continued his
continued to examine and continued his
continued to examine and continued his study based on the number of employees
study based on the number of employees
study based on the number of employees at the company Merck company would need
at the company Merck company would need
at the company Merck company would need to build a parking garage of about a
to build a parking garage of about a
to build a parking garage of about a hundred and forty five thousand square
hundred and forty five thousand square
hundred and forty five thousand square feet it would run an average
feet it would run an average
feet it would run an average of about 8.5 million to complete and
of about 8.5 million to complete and
of about 8.5 million to complete and that figure did not cover demolition
that figure did not cover demolition
that figure did not cover demolition cost of the area where they had proposed
cost of the area where they had proposed
cost of the area where they had proposed to do this structure the projects was
to do this structure the projects was
to do this structure the projects was going to take about 18 to 24 months to
going to take about 18 to 24 months to
going to take about 18 to 24 months to complete so about a year and a half to
complete so about a year and a half to
complete so about a year and a half to two years and during that time there was
two years and during that time there was
two years and during that time there was a public parking lot that the company
a public parking lot that the company
a public parking lot that the company could rent for $500,000 now that's not
could rent for $500,000 now that's not
could rent for $500,000 now that's not per month none of that's over the course
per month none of that's over the course
per month none of that's over the course of that two years so marks alternative
of that two years so marks alternative
of that two years so marks alternative plan when speaking to several
plan when speaking to several
plan when speaking to several contractors during that feasibility
contractors during that feasibility
contractors during that feasibility study and in doing his research markt
study and in doing his research markt
study and in doing his research markt realized that a hundred and fifty
realized that a hundred and fifty
realized that a hundred and fifty thousand square foot parking lot bigger
thousand square foot parking lot bigger
thousand square foot parking lot bigger even than the parking garage would cost
even than the parking garage would cost
even than the parking garage would cost about a dollar twenty-five to a dollar
about a dollar twenty-five to a dollar
about a dollar twenty-five to a dollar fifty per square foot this meant that
fifty per square foot this meant that
fifty per square foot this meant that his company would spend only about two
his company would spend only about two
his company would spend only about two hundred and twenty-five thousand dollars
hundred and twenty-five thousand dollars
hundred and twenty-five thousand dollars in materials the building was across the
in materials the building was across the
in materials the building was across the street oh the building across the street
street oh the building across the street
street oh the building across the street from the company was abandoned and the
from the company was abandoned and the
from the company was abandoned and the building inland cost about three hundred
building inland cost about three hundred
building inland cost about three hundred and twenty-five thousand now this was
and twenty-five thousand now this was
and twenty-five thousand now this was not the same spot where they were
not the same spot where they were
not the same spot where they were thinking about doing the parking garage
thinking about doing the parking garage
thinking about doing the parking garage which was on land which they owned but
which was on land which they owned but
which was on land which they owned but it wouldn't have been big enough for the
it wouldn't have been big enough for the
it wouldn't have been big enough for the parking lot in question if that makes
parking lot in question if that makes
parking lot in question if that makes sense a little bit following this so
sense a little bit following this so
sense a little bit following this so demolition and cleanup from the building
demolition and cleanup from the building
demolition and cleanup from the building would cost about a million and on his
would cost about a million and on his
would cost about a million and on his opening day balance sheet we just talked
opening day balance sheet we just talked
opening day balance sheet we just talked about mark projected the cost for both
about mark projected the cost for both
about mark projected the cost for both the original and the original proposal
the original and the original proposal
the original and the original proposal and his alternative plan so the proposed
and his alternative plan so the proposed
and his alternative plan so the proposed parking garage with the labor of the
parking garage with the labor of the
parking garage with the labor of the materials architectural fees etc would
materials architectural fees etc would
materials architectural fees etc would have run in total about 9.2 million the
have run in total about 9.2 million the
have run in total about 9.2 million the recommended parking lot had much lower
recommended parking lot had much lower
recommended parking lot had much lower labor and material cost so even though
labor and material cost so even though
labor and material cost so even though there was that added cost of building
there was that added cost of building
there was that added cost of building and land and higher demolition fees the
and land and higher demolition fees the
and land and higher demolition fees the total was much lower and they wouldn't
total was much lower and they wouldn't
total was much lower and they wouldn't have to rent anything in the meantime
have to rent anything in the meantime
have to rent anything in the meantime they could keep parking where they were
they could keep parking where they were
they could keep parking where they were for that period of time and the period
for that period of time and the period
for that period of time and the period of time was much shorter it doesn't take
of time was much shorter it doesn't take
of time was much shorter it doesn't take as long to create a parking lot as it
as long to create a parking lot as it
as long to create a parking lot as it does a parking garage so parts of his
does a parking garage so parts of his
does a parking garage so parts of his report that were done after the study
report that were done after the study
report that were done after the study and this is typically parts of this type
and this is typically parts of this type
and this is typically parts of this type of report first an executive summary we
of report first an executive summary we
of report first an executive summary we talked about those before but executive
talked about those before but executive
talked about those before but executive summaries are for the person in charge
summaries are for the person in charge
summaries are for the person in charge typically and sometimes for the whole
typically and sometimes for the whole
typically and sometimes for the whole team to get an overview of the entire
team to get an overview of the entire
team to get an overview of the entire document so that if they are looking
document so that if they are looking
document so that if they are looking through a lot of things and they just
through a lot of things and they just
through a lot of things and they just want to know very quickly hey is this
want to know very quickly hey is this
want to know very quickly hey is this parking lot idea or parking garage idea
parking lot idea or parking garage idea
parking lot idea or parking garage idea going to work its introduces everything
going to work its introduces everything
going to work its introduces everything tells the aim and tells you know sort of
tells the aim and tells you know sort of
tells the aim and tells you know sort of what the outcome was and then if they
what the outcome was and then if they
what the outcome was and then if they want to read more they can the
want to read more they can the
want to read more they can the description of the product or service or
description of the product or service or
description of the product or service or the proposal being undertaken technology
the proposal being undertaken technology
the proposal being undertaken technology considerations marketing strategy
considerations marketing strategy
considerations marketing strategy organization and staffing schedule
organization and staffing schedule
organization and staffing schedule financial projections and then the
financial projections and then the
financial projections and then the findings and recommendations so the
findings and recommendations so the
findings and recommendations so the middle part here might include other
middle part here might include other
middle part here might include other things based on the questions that were
things based on the questions that were
things based on the questions that were developed during the preliminary
developed during the preliminary
developed during the preliminary analysis and what type of feasibility
analysis and what type of feasibility
analysis and what type of feasibility report you are going to be doing it
report you are going to be doing it
report you are going to be doing it essentially though this is how its
essentially though this is how its
essentially though this is how its organized and in a way it's a little bit
organized and in a way it's a little bit
organized and in a way it's a little bit like organizing an essay right we have
like organizing an essay right we have
like organizing an essay right we have like an intro here with the executive
like an intro here with the executive
like an intro here with the executive summary we have a conclusion here with
summary we have a conclusion here with
summary we have a conclusion here with the findings and recommendations and
the findings and recommendations and
the findings and recommendations and then the middle part is the body where
then the middle part is the body where
then the middle part is the body where we explain the research and we inform
we explain the research and we inform
we explain the research and we inform the person of the findings at each stage
the person of the findings at each stage
the person of the findings at each stage right what technology needs to be used
right what technology needs to be used
right what technology needs to be used what did the market research show who
what did the market research show who
what did the market research show who would be able to organize or staff this
would be able to organize or staff this
would be able to organize or staff this project what schedule are we on all of
project what schedule are we on all of
project what schedule are we on all of those types of things
those types of things
those types of things I really think then that the best way to
I really think then that the best way to
I really think then that the best way to write a feasibility report is to read
write a feasibility report is to read
write a feasibility report is to read some feasibility reports so if you are
some feasibility reports so if you are
some feasibility reports so if you are in my class there are feasibility
in my class there are feasibility
in my class there are feasibility reports as examples for you guys to take
reports as examples for you guys to take
reports as examples for you guys to take a look at just to sort of show how these
a look at just to sort of show how these
a look at just to sort of show how these are organized and what's included and if
are organized and what's included and if
are organized and what's included and if you're not my class you can probably go
you're not my class you can probably go
you're not my class you can probably go online and if you looked for examples of
online and if you looked for examples of
online and if you looked for examples of feasibility reports you could find some
feasibility reports you could find some
feasibility reports you could find some more so even if you're in my class and
more so even if you're in my class and
more so even if you're in my class and you want a few more examples don't be
you want a few more examples don't be
you want a few more examples don't be afraid to just do a a simple web search
afraid to just do a a simple web search
afraid to just do a a simple web search and try to find those a lot of companies
and try to find those a lot of companies
and try to find those a lot of companies put out white papers which is a
put out white papers which is a
put out white papers which is a different type of technical document and
different type of technical document and
different type of technical document and sometimes the white papers are alongside
sometimes the white papers are alongside
sometimes the white papers are alongside them they'll have the feasibility report
them they'll have the feasibility report
them they'll have the feasibility report as well and sometimes they put them on
as well and sometimes they put them on
as well and sometimes they put them on their website and other technical
their website and other technical
their website and other technical writers often sometimes technical
writers often sometimes technical
writers often sometimes technical writers will have a feasibility report
writers will have a feasibility report
writers will have a feasibility report as you know part of their portfolio so
as you know part of their portfolio so
as you know part of their portfolio so there's a lot online there that you can
there's a lot online there that you can
there's a lot online there that you can kind of see and take a look at in the
kind of see and take a look at in the
kind of see and take a look at in the meantime I look forward to seeing what
meantime I look forward to seeing what
meantime I look forward to seeing what you guys come up with I look forward to
you guys come up with I look forward to
you guys come up with I look forward to reading your work and I can't wait to
reading your work and I can't wait to
reading your work and I can't wait to see your portfolios which I know are
see your portfolios which I know are
see your portfolios which I know are coming soon so that's it for today if
coming soon so that's it for today if
coming soon so that's it for today if you have any questions you can always
you have any questions you can always
you have any questions you can always email me or drop by my office if you're
email me or drop by my office if you're
email me or drop by my office if you're in my class and if not you can comment
in my class and if not you can comment
in my class and if not you can comment in the YouTube comments thanks everybody
in the YouTube comments thanks everybody
in the YouTube comments thanks everybody have a great day
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