A FEASIBILITY STUDY ON THE VETERINARY MEDICINE REVIEW CENTER AT

CENTRAL MINDANAO UNIVERSITY, MUSUAN MARAMAG BUKIDNON

KENT P. CONDINO

MARIEL B. DELA CERNA

JHONALD Q. PROCORATO

BONIFE B. SABIO

AN UNDERGRADUATE FEASIBILITY STUDY

SUBMITTED TO THE FACULTY OF THE DEPARTMENT OF ACCOUNTANCY

COLLEGE OF BUSINESS AND MANAGEMENT

CENTRAL MINDANAO UNIVERSITY

IN PARTIAL FULFILMENT FOR THE REQUIREMENTS OF THE DEGREE

2018
 CHAPTER I

INTRODUCTION

Background of the Study

Central Mindanao University (CMU), one of the oldest premier universities in the

Philippines, has produced a large number of graduates throughout its years, and included in its

offered courses is Veterinary Medicine. The College of Veterinary Medicine (CVM) has been

consistently producing stellar graduates, and is one of the Philippines’ top performing school in

the field of veterinary medicine. These graduates have been accommodated by CMU throughout

their undergraduate years but will head to different parts of the country, particularly in Visayas

and Luzon, for their pre-board exam preparation.

The demand for a veterinary of medicine review center in Mindanao has been prevalent.

With a number of universities producing Doctor of Veterinary Medicine (DVM) here in

Mindanao but without a review center to offer, the demand continues to exist. The proposed plan

would cater the increasing demand of veterinary medicine review and provide this service not

only to CMU but also to other universities offering the veterinary medicine course in Mindanao.

A proposed plan to set up a private Veterinary Medicine Review Center in CMU will be an

integral help in the performance of students in the Philippine Veterinary Licensure Examination

(PVLE).

The review center will provide the veterinary medicine pre-board exam reviewers a

systematic and comprehensive approach to review and prepare for the PVLE. The lecturers will

be professors and graduates from CMU with masters and doctorate degree. These lecturers are

professionals in their respective fields and willing to share their knowledge and expertise.
Statement of the Problem

This study is conducted to determine if the proposed private Veterinary Medicine Review

Center housed in CMU is feasible and viable among the PVLE reviewers and mostly to

determine if there will be a huge advantage in terms of costs if the PVLE reviewers avail of the

services provided by the CMU review center compared to other review centers in the

Philippines.

As a government-run institution, CMU and their faculty cannot offer and manage a

review center directly. In prior years, the College of Veterinary Medicine have tried to set up a

review center here CMU, and as much as they were willing to engage in helping their students

review, they cannot offer such services since it would pose a problem in their capacity to handle

such private engagement as government employees. A private entity is needed to manage the

review center activities, such as handling the students and their fees, while also directing the

lecturers and their engagements with the reviewers.

These noticeable problems call for a need to put up a review center in CMU, managed

and directed by a private entity to streamline the engagements. The project proposal is needed

now more than ever to address these problems since the PVLE reviewers, particularly CMU and

other Mindanao veterinary medicine reviewers, is facing or will be facing in the years to come:

1. Expensive travel expenses to head to different parts of the country that offer a

veterinary medicine review center and rising tuition fees.

2. Expensive living expenses in staying in areas near the review center since all of

them are located in major cities in the Philippines.

3. Students have to adapt to a different environment not what they are accustomed

to, unlike here in verdant CMU offering a conducive environment for learning.
Objective of the Study

The main objective in conducting this study is to determine the feasibility of establishing

a private review center in Central Mindanao University as an alternative choice for reviewers in

preparing for the Philippine Veterinary Licensure Examination.

Specifically, this study aims to:

1. Determine if it is a viable choice for PVLE reviewers and if they will avail of such

services if provided;

2. Determine the demand of a veterinary medicine review center in CMU;

3. Determine the profitability of a private entity in providing a review center;

4. Identify the required capital investment; and

5. Identify payback period for the initial capital investment.

Scope and Limitation

The proposed study is within the veterinary medicine student community of Central

Mindanao University. Particularly, classes will be held in the College of Veterinary Medicine

located in the University Campus and a separate office rented in Perimeter Building near the bus

terminal in Maramag, Bukidnon. The study will be done in CMU during the first semester of

school year 2018-2019. This shall focus only on the analysis of the project including location,

profitability, market analysis and financial analysis in order to determine the viability of the

project.

The parameter of the study shall be limited only to the determination and implication of

establishing a private veterinary medicine review center in CMU. It will test the feasibility and

viability of said proposal in relation to its business potential for success. The benefits derived

from the result of this study shall be used by any interested parties to engage in such service.
Anything that is beyond the scope of the study and the locale where the research was conducted

will not be delivered in the results of the study.

Significance of the Study

This feasibility study is conducted to propose and explain the project to set up a review

center in Central Mindanao University considering the financial, location, management, and

technical aspects. It exists to cater to the demand of a veterinary medicine review center in

Mindanao and can help the veterinary medicine reviewers in preparing for the Philippine

Veterinary Licensure Examination.

The foundation for the study is the information gathered by the researchers with the aid

of professionals. Therefore, the study is expected to provide quality information in light of a

probable venture in providing review center services particularly in the field of veterinary

medicine. Data gathered from this study will also provide an examination of issues and

assessment of other veterinary medicine review centers in the Philippines.

CHAPTER II
 REVIEW OF RELATED LITERATURE

Regulation of Professions in the Philippines

In the Philippines regulation of professions is within the mandate of the Professional

Regulation Commission. PRC is a three-man commission attached to the Department of Labor

and Employment mandated to regulate and supervise the practice of professionals (except

lawyers who are handled by the Supreme Court of the Philippines) who constitute the highly

skilled manpower of the country. At present, there are forty-three (43) regulated professions

under the jurisdiction of the Professional Regulation Commission. These professions are

represented by a professional regulatory board which exercise administrative, quasi-legislative,

and quasi-judicial powers over their respective professions.

As per PRC’s annual report for the year 2017, the commission have administered a total

of four hundred seventy-two (472) examinations in the various testing centers in the country

with a total of five hundred sixty eight thousand, one hundred eighteen (568,118) examinees.

Out of the 568,118 examinees, only 202,347 or roughly 35.5% passed the licensure examination

administered by the PRC.

Review Centers

A review center is defined as a center operated and owned by a duly authorized entity to

offer to the public and or to specialized group whether for a fee or for free a program or course of

study that is intended to enhance the knowledge or competencies and skills of reviewees

obtained in the formal school setting. (CHED Memo Order No. 49 Series of 2006. According to

the PRC report graduates of more than 40 disciplines take licensure exams every year. In order to
prepare themselves and to increase their chances of passing the licensure examination, many

graduates would prefer to enroll in an appropriate and credible learning center and since

professional license is really essential for them to practice in their chosen fields, they would

really spend time and money for a quality review.

As stated by Lee (2017), review centers have been sprouting left and right in cities all

over the Philippines. Whether you are preparing to enter college or preparing for licensure board

exams, or even planning to study abroad, many people flock to these review centers for that

reason. Although no review centers can guarantee that you are going to pass. What a review

center can do is to increase chances of succeeding. In addition, Ronquillo (2017) mentioned that

the likely reason why people enroll in review centers is to familiarize themselves with the tests

they will be taking. Such centers teach students the format of tests and various relevant

techniques on how to cope with it. They are furnished with relevant materials and given

exercises and mock tests. A lot of them admit that this will improve their chances on passing any

exam.

Aside from that, Santiago (2018) specified some advantages and disadvantages in

investing in a review centers. Advantages includes three; first, they provide detailed review

materials that take into consideration all subjects, question forms, and some tips or guidelines for

essay writing. The books that come with the sessions will be the main lesson outline followed by

the facilitators. Most review books from the centers comes with solutions to problems and their

own explanation as to how the answer was calculated. Second, they provide a classroom-type

learning system wherein you will get to have your own set of classmates and teachers, advisable

for those who like to comprehend information more than when inside the classroom. Lastly, to

fully prepare you in answering the board exam, review centers often give diagnostic exams. This
is to check if you have picked up brand new bits of information, or if you have progressed as the

lessons go by. These diagnostic exams will mimic the testing environment of the actual exam.

After taking the test, you can see your score and check if you have passed the minimum grade

needed.

On the other hand, there are also disadvantages that should be taken into account, such as

the cost that comes with it. Rates of review centers differ from one another, but it would

probably cost more than five thousand pesos per session. However, there are always special

offers and discounts that you can avail, if you are truly interested. The second disadvantage is the

non-flexibility of schedule, you are only given a certain amount of days for the whole session,

and these sessions are merely hours. Upon admitting in a center, you agree to the terms and

conditions in which your absence for a session will not be redeemable. Whatever lesson or

session you have missed, you will not be able to get back. Last of all, review centers only

provide a summarized form of all the lessons in high school. With this in mind, the teachers will

assume that since you’re already a Senior high school, you’ve already understood and

comprehend majority of the lessons. Moreover, since the schedule is tightly packed, the teachers

have to fit a whole high school’s worth of information in a given period. The sessions that you

have signed up for will only be teaching you efficient or effective methods in answering

questions. Enrolling in these centers will not teach you everything that you should already know,

but will only refresh your memory, and give you exam tips that you can use.

Starting up a Review Center

Putting up a review center entails careful preparation coupled with creativity,

resourcefulness and effective dissemination of knowledge to students. Review centers address a

real need so it can be lucrative for those who can master the trade. (Lamaroza 2012). Lamoraza

also cites the importance of knowing how the academe works, as well as the general school

curriculum per year level. It’s also a must to listen and learn from the experiences of parents who

describe the specific needs of their children. These factors will help the review center

administration to decide on the most suitable program or package. The following are the

important considerations that should be taken in putting up a review center as published in

Entrepreneur Philippines website.

Capital and permits. Normally, the minimum capital requirement may range from

P150,000 to P1 Million and is dependent on the facilities of the review center and the services

being offered. The initial investment can already cover marketing, initial purchase of materials

and office equipment and fees for the process of the necessary government permits and payment

of building rental and dues. Twenty-five percent (25%) of the initial capital will be spent on

marketing. In a review center operation, only the standard permits are required. This includes,

Barangay Clearance, Mayor’s Permit and permit from the Department of Trade and Industry

(DTI and the Bureau of Internal Revenue (BIR).

Location. A review center is best located near schools and universities. These places are

potential markets since it is where students who need academic assistance are located. In case of

specialized centers or those review centers offering review courses for a special field of study the

most promising location are those near schools that offer courses that the review center focuses

on.

The center should be around 70 to 260 sq m to accommodate the following:

 • Reception area

• Administrative office

• Space for one-on-one or group tutorials

• Review classrooms

• Stock room

• Faculty lounge for the tutors

• Comfort rooms

Good ventilation and good lighting fixtures are also of important consideration because proper

illumination and ventilation have significant effect on the learning environment of the students (

Dahlan et al 2015).

Staff. Three management staff are at least required for a review center to effectively operate.

The administrative officer handles inquiries, client relations and schedules while the marketing

officer takes care of marketing strategies and updates the center’s ads . The finance officer, aside

from being the designated money person, may also act as the human resource personnel and hire

the teaching personnel. The rest of the workforce can be full-time or part-time lecturers, tutors,

and reviewers. Reviewers or mentors should have at least masters degree in their field of

specialization and should have at least 5 years experience in their field to ensure quality and in

addition be reputable and of high integrity. (CHED Memo no. 49 S. of 2006)

Salaries and wages. Full-time tutors and reviewers are usually given basic pay plus an hourly

rate, which is higher than those offered in universities or colleges. Incentives are also given
which are anchored on their performance. Part-timers’ salaries are on a per-hour basis, so they

really depend on the total number of hours they spend teaching.

Services. A review center may provide a variety of services, depending on the available space

and number of staff and their qualifications. For those that specialize in professional licensure

exams may offer review, refresher and coaching courses. Most review centers only have the

regular review courses, which has a set-up similar to the usual classroom instruction in schools.

Additional Services may also provided like computer simulation, which allows reviewees to

master multiple choice questions.

Pricing scheme. Review centers usually charge clients on an hourly basis. The review fee, on

the other hand, is computed based on operating and maintenance expenses, including taxes,

salary of reviewers, marketing ads, and a certain mark-up figure.

Success rate. Review centers determine their passing rate in entrance tests every year. This is

usually done by getting the percentage of passers for that year and comparing it to the overall

number of reviewees at the start of enrollment. Specialized review centers rely on the PRC to

release the exam results, which are classified by school. The PRC usually posts the information

on their website.
 .

References

Lee, R. (2017, February 14). Can Review Centers Help You Get into UP, ADMU or DLSU?

Retrieved from Amazing Life Daily: http://www.amazinglifedaily.com/review-centers-up-admu-

dlsu/

Ronquillo, A. (2017, June 30). Are Review Centers Necessary? Retrieved from Psst!:

Http://www.psst.ph/review-centers-necessary/

Santiago, Y. (2018, June 16). Cheat Sheet: Pros and Cons of Enrolling In A Review Center.

Retrieved from ABS-CBN Lifestyle:

https://www.prc.gov.ph/professional-regulatory-boards

Retrieved from:

https://www.entrepreneur.com.ph
References :

https://www.prc.gov.ph/professional-regulatory-boards
https://www.entrepreneur.com.ph/startup-tips/how-to-run-a-review-center

http://www.review.ahead.edu.ph/experts-prove-the-effectiveness-of-practice-testing/ -

Importance of practice

https://www.psychologicalscience.org/observer/enhancing-learning-and-exam-preparation -

enhancing exam and learning preparation

http://www.ijsce.org/wp-content/uploads/papers/v4i6/F2451014615.pdf