Академический Документы
Профессиональный Документы
Культура Документы
+
+
+
+
+
+
+
=
) . (
. .
) . (
. . . .
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VNA
Interpretation: VNA > 0 so the project can be accepted.
R
S
(Long Debt to Equity) per one year:
42 0
000 000 675 000 000 300
000 000 410
.
. . . .
. .
R
S
=
+
=
MP (Profit Margin On Sales)
72 0 100
000 500 103
000 750
. *
. .
.
MP = =
Res (Retum on Equity / Net Worth)
0025 0
000 000 300
000 750
.
. .
.
s Re = =
Project Feasibility Study
22
3. Project Planning.
3.1. PERT Analysis
The tasks required for the execution of the project are as follows:
Table 7. Tasks List
ID Task Name Duration Start Finish Pred
1 Business plan definition 16 days Tue 01.02.05 Tue 22.02.05
2 Market Analysis 13 days Tue 01.02.05 Thu 17.02.05
3 Define the opportunity addressed 1 day Tue 01.02.05 Tue 01.02.05
4 Describe the market and the new business 1 day Wed 02.02.05 Wed 02.02.05 3
5 Create market analysis plan 1 day Thu 03.02.05 Thu 03.02.05 4
6 Interview owners of similar businesses 5 days Fri 04.02.05 Thu 10.02.05 5
7 Assess market size and stability 2 days Fri 11.02.05 Mon 14.02.05 6
8 Identify competition 2 days Tue 15.02.05 Wed 16.02.05 7
9 Identify target market niche 1 day Thu 17.02.05 Thu 17.02.05 8
10 Identify Needed Materials and Supplies 3 days Fri 18.02.05 Tue 22.02.05
11 Identify required equipments 1 day Fri 18.02.05 Fri 18.02.05 9
12 Identify needed consumables 1 day Mon 21.02.05 Mon 21.02.05 11
13 Estimate the equipment costs 1 day Tue 22.02.05 Tue 22.02.05 12
14 Assess the risks 1 day Tue 22.02.05 Tue 22.02.05 12
15 Business Plan Development 12 days Tue 22.02.05 Wed 09.03.05
16 Describe the objectives 1 day Tue 22.02.05 Tue 22.02.05 12
17 List assumptions 1 day Wed 23.02.05 Wed 23.02.05 16
18 Make SWOT analysis 1 day Thu 24.02.05 Thu 24.02.05 17
19 Estimate sales volume 1 day Fri 25.02.05 Fri 25.02.05 18
20 Forecast operating costs 1 day Mon 28.02.05 Mon 28.02.05 19
21 Establish pricing strategy 1 day Tue 01.03.05 Tue 01.03.05 20
22 Forecast revenue 1 day Wed 02.03.05 Wed 02.03.05 21
23 Develop startup plan 2 days Thu 03.03.05 Fri 04.03.05 22
24 Develop sales and marketing strategy 1 day Mon 07.03.05 Mon 07.03.05 23
25 Reassess the risks 2 days Tue 08.03.05 Wed 09.03.05 24
26 Business Plan Execution 63 days Fri 18.02.05 Tue 17.05.05
27 Choose a location 1 day Thu 10.03.05 Thu 10.03.05 11;25
28 Establish Business Structure 40 days Fri 18.02.05 Thu 14.04.05
29 Choose a name and identify implications 1 day Fri 18.02.05 Fri 18.02.05 9
30 Choose a Bank 5 days Fri 11.03.05 Thu 17.03.05
31 Establish accounts 4 days Fri 11.03.05 Wed 16.03.05 27;29
32 Establish line of credit 1 day Thu 17.03.05 Thu 17.03.05 31
33 Choose legal representation 1 day Thu 17.03.05 Thu 17.03.05 31
34 Solving Administrative Aspects 20 days Fri 18.03.05 Thu 14.04.05
35 Set up the accounting system 2 days Fri 18.03.05 Mon 21.03.05 33
36 Obtain the licenses and authorizations 12 days Tue 22.03.05 Wed 06.04.05 35
37 Obtain needed insurance 4 days Thu 07.04.05 Tue 12.04.05 36
38 Establish security plan 2 days Wed 13.04.05 Thu 14.04.05 37
39 Develop Marketing Program 4 days Fri 18.03.05 Wed 23.03.05
40 Establish an advertising program 2 days Fri 18.03.05 Mon 21.03.05 32
Project Feasibility Study
23
41 Develop a logo 1 day Tue 22.03.05 Tue 22.03.05 40
42 Develop promotional materials 1 day Wed 23.03.05 Wed 23.03.05 41
43 Provide Physical Facilities 15 days Fri 15.04.05 Thu 05.05.05
44 Location renting 2 days Fri 15.04.05 Mon 18.04.05 38;41
45 Provide furniture and equipment 5 days Tue 19.04.05 Mon 25.04.05 44
46 Equipment installing 1 day Tue 26.04.05 Tue 26.04.05 45
47 Select computer hardware 1 day Wed 27.04.05 Wed 27.04.05 46
48 Install computer software 1 day Thu 28.04.05 Thu 28.04.05 47
49 Testing the equipment 1 day Fri 29.04.05 Fri 29.04.05 48
50 Acquiring other utilities 3 days Mon 02.05.05 Wed 04.05.05 49
51 Move in 1 day Thu 05.05.05 Thu 05.05.05 50
52 Provide Staffing 8 days Fri 06.05.05 Tue 17.05.05
53 Interview and test candidates 5 days Fri 06.05.05 Thu 12.05.05 51
54 Hire staff 1 day Fri 13.05.05 Fri 13.05.05 53
55 Train staff 2 days Mon 16.05.05 Tue 17.05.05 54
56 Start up the business 0 days Tue 17.05.05 Tue 17.05.05 55
These tasks can be organized in a logical diagram according to their dependencies
as shown in the PERT diagram (Figure 5).
3.2. Gantt Chart
The project is due to start on the 1
st
February 2005 and its duration is estimated at
2.5 months. The expected end date is on the 17
th
May 2005 which will coincide
with the start of the exam period generating a heavy workload. The details of the
plan are presented in the Gantt Chart (Figure 6).
3.3. Future Development
The future plans and their expected consequences and effects are discussed in
Table 8.
Table 8. Future Actions
Action Effect
Purchase of another heavy duty
copier (second hand, such as a
Canon MP 6050 at a cost of
45.000.000 ROL)
Extending the centre copying capacity
Faster delivery of services
Backup copier (in case of other equipment failure
Acquisition of software licenses Minimization of legal risks
Installing an air conditioning
unit
Increase in comfort of clients and staff
Renting additional space Expanding the usable workspace
Possibility of increasing the number of massive
equipments used (copiers, laser printers)
Purchase of new equipment for
document binding and
manipulation
Extending the range of provided services
4
5
6
7
8
9
11
12
13 14 16
17
18
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32 33
35
36
37
38
40
41
42
44
45
46
47
48
49
50
51
53
54
55
56
3
Figure 6. PERT Diagram 24
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Figure 7. Gantt Chart
Project Feasibility Study
26
4. Conclusions.
The aim of this project is to establish a commercial centre offering paper and
identity services to students and other more professional clients. The project is
financed by a bank loan which must be reimbursed in four years, covering all the
equipment costs and other expenses. The monthly revenues are sufficient to cover
all the expenses allowing for a small profit. The duration of the project is of 2.5
months with an expect end date of the 15
th
of May 2005. The analyses conclude
that the project is viable and that the market can accept this type of business.
Project Feasibility Study
27
This document was prepared as a project for the Project Management Course.
Submission Date: May 2004
Contact Information: andreiadis@dap.ro; andrei.iancu@home.ro