Assignment

Produce a feasibility report

Submitted by: Abadhesh Kumar Yadav.

Id: GELN 0000882
Unit Code: ICTSAD506

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 Content

Project name .....................................................................................................1

Content..............................................................................................................2

Feasibility study,Meeting with client,Problem statement..................................3

Solution..............................................................................................................3

Actual Project requirements, Client Expectation,Clients vision...........................4

strategic mission,objectives of the problems process.........................................4

Aim of the project, SWOT Analysis, strengths.....................................................5

weakness of the projects...................................................................................5

Opportunity, Threats, Required resources.........................................................6

Cost benefits analysis.........................................................................................6

Business case analysis, cost of opportunity........................................................7

Break even analysis...........................................................................................7

Recommendation on feasibility report...............................................................7

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Feasibility study

The feasibility report deals with the problem associated with the company and
the opportunities of the project. The main objective of the making project is to
ensure the company legally using technology so that it will be economically
efficient and stable.

Arranging a time to discuss the project with client

After studying a proposed task, we decided to arrange time to discuss a project

with the customers. Then we try to find the problems, needs and requirements of
the customers. The customer comes to know that due to the casual employee,
they do not get anyemployee they deal with and movies.

Meeting with client.

Date:22th September 2019

Time: 10am- 12 pm

Venue: Bardali dine restaurant’s conference hall Glenroy.

Problem statement.

As per the scenario the problem is manual way to keep the records, lack of
mature skilled human resourcesand improper way stock handling.

Solution:

a. Paper records keeping should be removed.

b. Skilled human resources should be hired.
c. Digital technology should be used to handle the stock.

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Actual Project requirements

The requirements of the project are:

1. Skilled employees should be hired so that they can give more time to the
company and will be well known about the company.
2. Digital technology like database should be used to keep the records.

Client Expectation

The client expectation is to run the business smoothly with less expenses on the
employee.The client also wanted someone who can handle the business and
make more productive for himclientin technical way.

Clients vision

Client wants to have a productive business managed in proper way. The client
also wants to have digital environment handled by skilled human resources in the
company to keep the recordsand find movies so that they won’t face any
problems while buying a movies CD from a company.

Strategic mission.

The strategic mission is to run the client’s business in proper way using modern
technology which will enhance the way of record keeping. And also to hire
employee who can handle such technology so that client can overcome to the
money loss.

Objectives of the problems process

The objective of the problem is to build a proper database which will keep all the
records of the movies as well as costumer visiting epic video.

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Aim of the project

As the taste of movies is different from person to person so all the customers
may like different kind of movies like comedy movies, action movies, some like to
watch spiritual movies and even in this category some preferred to watch
Bollywood while other love to watch Hollywood .That is why project aim’s to have
stock of different industry with different category to attract varieties of customers
and also to keep theappropriate recordto run the business in the proper way.

SWOT Analysis

A SWOT analysis is a technique used to determine and define the company

Strengths, Weaknesses, Opportunities, and Threats – SWOT.  It can be applied to
an entire company or organization. SWOT is conducted by the company to know
about its growths and the closeness to the success. During SWOT analysis we
work on the weakness as per the opportunities keeping the threats in mind and at
the same time, we maintain our strength.

Strengths

The main strength of the project is to use digital technology or database system
which will help the company to keep the records of the movies and to find actual
product of the customer as well as the details of the customers. For the company,
one of the biggest expenses is having to pay out for the employee. Hiring full time
employees has many more benefits such as higher rates of productivity, have
topay less per hour rate in comparison to the casual one and they know the
customer details and the product knowledge and consistency with workloads.

weakness of the projects

The weakness of the project is that to set database system the company must
invest more extra moneyand data might be collapsed if not handle properly.

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Opportunities

Using digital technology one can easily keep the records of stock and can search
in no time. The employees do not have to waste time in searching for any movies
when customers ask them where the specific movies is? And also digital
technology can keep the records of working hour of the employee via clock on
and clock off system.

Threats

The main threats to the project will be to find skilled manpower to handle the
technology otherwise unskilled can mishandle it and as a result records can be
collapsed.

Required resources

As per the scenario epic video will require some system like laptop or desktop
computer to install the software to keep the records and skilled human resources
to handle the system.

Cost benefit analysis

The amount of profit we achieved after investing certain amount of money in a

running business is called cost benefit analysis.For example, if epic videoare
earning $1000 per month from their business and when they invest $2000 extra
money to install digital technology and when they will hire fulltime employee
then they starts earning $1300 per months so they starts earning extra $200
profit per month. $300 profit is called cost benefit analysis.

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Business case analysis (BCA)

 Business Case Analysis is a analysis that refers to the outcomes from certain
actions that are measured in number and the outcomes that cannot be measured
in number supporting an business decision. This may include performance,
producibility, reliability, maintainability, and supportability enhancements. The
BCA is a useful tool that help in the decisions that go into determining the best
value strategy. In a simple term it is the analysis of how we can conduct our
business properly in a productive way.In case of epic video, they should replace
casual employeewith fulltime one. This will save some budget of salary as casual
is to be paid more per hour in comparison to the fulltime.
Cost of opportunity

Cost of opportunity means the loss of other alternatives when we choose best
one out of many. Regardingto epic video cost of opportunity means the investing
money for technology instead of growing their business with the same money.

Break even analysis

The timeperiodto earn the extra invested money in a running business is called
Break even analysis.In case of epic video, the time period in which they will earn
$300 they invested in the running business is called Break even analysis. If the
company will make the same amount of profit then in the next seven months,
extra invested $2000 will be recovered.

Recommendation on feasibility report

I will recommend epic video to use modern software to keep the stock record as
well as the record of working hours of the employee via clock on and clock off
system. I will also recommend them to hire skilled human resources to overcome
the immature staff problem.