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what is npv? what is irr? calculate your npv online ceevex npv software roivex roi software project services and faq's contact us or join the ceevex community news about feasibility studies who is the feasibility study expert called will witt what is a feasibility study? feasibility study examples and samples swimming pool feasibility studies new business feasibility studies feasibility study reports feasibility study definitions construction feasibility studies restaurant feasibility studies e conomic feasibility studies business startup feasibility studies feasibility study project failures feasibility study project successes feasibility study templates site map terms of use, conditions of use and privacy policy ? the most important thing to understand about this plan is that it is not static but totally dynamic and one that is continuously changed and updated until it is either abandoned or complete. as the plan is based on continuous change and development it is always carried out in stages. the golden rule is that each and every stage must be 100% complete before proceeding to the next stage. whenever this golden rule is broken the project will be out of control and probably be a disaster. the stages are given different names - depending on the industry - but any difference are semantic as the same basic process is repeated - no matter whether it is construction, finance, it or oil and gas. how many stages are there in the plan? they are all called different names - depending on the industry - but there are always 5 stages:- stage construction investment oil and gas 1 charter appraisal feasibility 2 pre-feasibility appraisal concept 3 feasibility investment planning front end eng. dev. (feed) 4 project plan asset creation detailed design 5 detailed design and construction asset creation and operation construction and operation what should be included in stage 1 ? this document is always produced at the start of any project development process it is called many different names depending on the industry involved - as shown in the table above - you can see why confusion reigns! there should be 3 primary elements in stage 1 and these are:- 1.1) the identification of the problem or oppportunity just remember that if the concept is difficult to explain or describe you do not understand what the real problem or opoortunity is! 1.2) the identification of the project objectives and the scope that will solve the problem or provide profit from the opportunity 1.3) why it makes sense for the project promoter to pursue the objective (strategic fit in corporate speak!) what should be included in stage 2 ? this is the most important stage of all because if the different options for achieving the project objectives laid down in stage 1 are not examined in detail then it is much more likely that the project will be a disaster. there are two primary elements in this stage:- 2.1) the indentification of the different ways or options that will achieve the objective the main reason why so many projects are only partly successful is that all the best ways of achieving the objective are not thoroughly explored and tested 2.2) the identification of the pros and cons and the net present value of each option 2.3) selection of the best option what should be included in stage 3 ? 3.1) detailed appraisal and financial analysis of the best option this stage just concentrates on the refinement of the best option. the mistake that most feasibility study sponsors make is that they jump straight into stage 3 from stage 1 and never undertake stage 2 - and that is why the majority of all project fail. projects also fail because the managers get obsessed with one idea and even though they undertake stage 2 they never do it properly because they think they know the answer before they start - and they never ever do. ceevex helps to set up and manage project stages 1,2 and 3 so that projects do not get out of control? ceevex also provides the best software tools around to help shortcut the vast amount of work involved in this process:- ceevex and roivex ok - you have just read a slightly tongue-in-cheek description of the feasibility study process but please remember:- "fail to plan you are planning to fail" so if you want to avoid wasting a ton of time and money - this webpage will be the most important one that you will ever read every project or new business must be based on a plan that will work! these plans are called feasibility studies and they must prove that the "how we are going to do it" is the "best way to do it!". there is all kinds of horse...t talked about what a feasibility study should do - so let me spell this out in a way that cannot be misunderstood the purpose of a feasibility study is to reduce the risk of project failure every single organisation that frequently carries out major successful projects has a refined project development system that identifies precisely how project studies and business planning should be carried out these systems are often based on at least 50 years of corporate experience - and have been steadily refined as that experience has grown. every major oil company has their own system that requires all the viable options to be explored in detail - they would not survive without them! but even they get ot wrong from time to time! bp's giant underwater projects breaks records and budget every one of these project development systems has rigorous procedures that ensure that all the options for the implementation of the project are examined, costed out and properly considered. put it like this - if your study does not include consideration of at least three viable methods of achieving the same objective your go - nogo decision will be nothing more then a guess. so feasibility studies must be plans that include in-depth comparative reviews of the options - just like the reviews that you look for on the internet when you are wondering what car or camera to buy! our motto at ceevex is "comparare valorem" - this is latin for "compare value" and we help clients do just that and pass on to them the knowledge gained from the 50 year learning curves of the managers of the largest projects on the planet. ceevex is a uk based organisation that supplies project evaluation software and through its project services provides experience and expertise in the execution of feasibility studies to provide these comparative reviews anywhere in the world. why are successful projects so rare? it is often difficult to assess of whether a project has been a success or not but everyone knows that totally successful projects are very rare outside the oil and gas industry - although some organisations like airport and port operators have also established very successful track records. defence projects have always gone wrong! - do you remember "a bridge to far" - this operation was planned over 6 months to the n'th degree - and when the paras got down on the ground the radios did not work! the most recent fiasco that has come out of the uk ministry of defence has resulted in the production of two massive aircraft carriers and no suitable aircraft to fly off them! and every month or so we hear about guns that will not fire in the dust or the cold or overspend on defence projects. partially successful projects are common and total failures are also common - especially when it is central or local government that has squandered the taxpayers money to buy votes from a specific sector of the community but private industry also gets it wrong - what about these startups? solyndra - solar panel maker based in fremont california launched in early 2009 - received $535m in loan guarantees from the obama administration and filed for bankruptcy in september 2011 and was raided by the fbi aptera motors - based in carlsbad california launched in 2006 - closed in december 2011 after taking orders in 2009 for the futuristic 3 wheeler called the 2e and after getting a promise of $150m fund

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Domain Name: FEASIBILITYSTUDYEXPERT.COM
Registrar: TUCOWS DOMAINS INC.
Sponsoring Registrar IANA ID: 69
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Referral URL: http://www.tucowsdomains.com
Name Server: NS1.WILLWITT.CO.UK
Name Server: NS2.WILLWITT.CO.UK
Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Status: clientUpdateProhibited https://icann.org/epp#clientUpdateProhibited
Updated Date: 07-aug-2015
Creation Date: 16-aug-2007
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  CHANGED 2015-08-07

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