Background of study

• Statement of the problem:

o Key takeaways:

▪ A statement of the problem is used in research work as a claim that

outlines the problem addressed by a study.
▪ A good research problem should address an existing gap in knowledge in
the field and lead to further research.
▪ To write a persuasive problem statement, you need to describe (a) the
ideal, (b), the reality, and (c) the consequences.
• What are the goals of a statement of the problem?
• What are the key characteristics of a statement of the problem?
o A good research problem should have the following
characteristics:
▪ It should address a gap in knowledge
▪ It should be significant enough to contribute to
the existing body of research
▪ It should lead to further research
▪ The problem should render itself to investigation
through collection of data
▪ It should be of interest to the researcher and suit
his/her skills, time and resources
▪ The approach towards solving the problem
should be ethical
o
o Marketing aspect – what are the applicable marketing strategies were effective for
the project type businesses are and how will apply it for this kind of business.
o Management aspect – what kind of positions and gobs will be needed for this kind of
business.
o Operational aspect – how will maintain, manage, and process the website for the
daily operation of the business.
o Financial aspect – how and what ways could the website will gain and generate profit
that will still maximize the profitability that would not negatively affects the demand
toward to the project
o Socio-economic aspect – what are the possible social responsibility of the business
and how will it perform to the environment.
• Objective of the study:
o A feasibility study aims to provide an independent assessment that examines
all aspects of a proposed project, including technical, economic, financial,
legal, and environmental considerations. This information then helps decision-
makers determine whether or not to proceed with the project.
o Assess your chances of success
o Figure out customer needs
o Analyse your competitive strengths
o Examine your financials
o
o The life recycle of a mining project includes:
▪ Exploration
▪ Discovery
▪ Assessment
▪ Development
▪ Production
▪ Closure
o The level of study the areas addressed will include:
▪ Geology and resources.
▪ Mining and ore reserve
▪ Processing and transportation.
▪ Market and price expectations.
▪ Infrastructure
▪ The various “soft” implications of location – political risks, skills,
recruitments, logistics and environment.
▪ Economic evaluation including consideration of capital and operating costs,
revenues, taxes and royalties.
▪ An assessment of whether the project is sufficiently attractive to proceed to
the next stage.
• Examples:
o Evaluation of recruitment capability and resulting sample
characteristics
o Evaluation and refinement data procedures and outcome
measures
o Evaluation of acceptability and suitability of study
procedures
o Evaluation of resources and ability to manage and
implement the study and intervention
o Preliminary evaluation of participant responses to
intervention
• Scope and limitation:
o Simply put, the scope is the domain of your research. It describes the extent to
which the research question will be explored in your study.
o Articulating your study's scope early on helps you make your research question
focused and realistic.
o It also helps decide what data you need to collect (and, therefore, what data
collection tools you need to design). Getting this right is vital for both academic
articles and funding applications.
▪ Identify the problem or opportunity
▪ Define the criteria and constraints
▪ Research the alternatives
▪ Evaluate the preferred alternative
▪ Prepare the feasibility report
▪ Communicate and implement the recommendations

• Methodology:
o Research design and framework
o Sampling procedure
o Treatment of data
▪ Internal rate or return (IRR)
▪ Payback period in Years
▪ Net present value (NPV)
▪ Profile margin

• Review of related literature

o Marketing Demand
o Management and organization
o Financing
o Technical / reduction
 Marketing study
• Product description
• Industry profile
• SWOT Analysis
▪ Strengths
▪ Weaknesses
▪ Opportunities
▪ Threats
• Demand
• Supply
• Demand-supply Analysis / Market share
• Marketing plan o Promotion
• Pricing
 Technical and production
• Process Flaw, operational Process
• Equipment, furniture and fixture
• Building
• Location
• Utilities and operating costs

Financial study
• Major assumption
• Capital requirements / investments
• Preparation of financial statement
• Financial analysis

((Findings and conclusion and recommendation))