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Project Feasibility Study and the world of

research

Methodology

RESEARCH METHODS
AND
RESEARCH
METHODOLOGY

Question: Is there any


difference between
research methods and
Methodology
research methodology?

Research
methods

Research
methodolo
gy

are the various


They are
procedures,
essentially planned,
schemes
scientificand
and valuealgorithms
used in
neutral. They
research.
include theoretical

is a systematic
Essentially,
the

It
is
also
defined
way
to solve by
a
procedures
as the study of
problem.
which
researchers
methods
by which
go
about their
knowledge
is of
It is a science
work
of describing,
gained.
Its aim is
studying
how
explaining
and
to
give
the
work
research
is
to
be
predicting
plan ofout.
research
carried
phenomena are

Methodology

procedures,
experimental
studies, numerical
schemes, statistical
approaches, etc.

called research
methodology

2 Kinds of
Research
Methodologies

Qualitativ
e Research

Quantitati
ve Research

Methodology

Feasibility
Study
What is
a

is an exercise that
involves documenting
each of the potential
solutions to a particular
business problem or
opportunity.

Feasibility
Study
What is
a
Its purpose is to
identify the likelihood
of one or more
solutions meeting the
stated business
requirements.

Identificati
on
Situation Analysis

Methodology

Enhances
understanding of
environmental
problems
needs causes and linkages
interests between existing problems
needed actions
strengthsand
andthe
weaknesses

Identificati
on
Preparation
and
Formulation
Does the project conform to the
IsIsthe
project
technically
and

the
project
financially
justifiable

development
and
environmental
Is
the
project
compatible
with the
scientifically
sound,
and
is
the
and
feasible?
objectives
and
priorities
ofofthe
specific
customs
andthe
traditions
the
methodology
best among
the
country
and
or region?
beneficiaries?
available
alternatives?

Methodology

Identificati
on
Preparation
and
Formulation

Quality

Methodology

inter-divisional
review

Sharing

Review and
Approval

Identificati
on
Preparation
and
The
level
of
risk
in
full
project
Formulation
The
extent
to
which
the
The extent to which the

implementation;
The extent
to which
results
identified
are the

activities,
results
and
proposed
intervention
is
Methodology
realistic,
achievable
and
objectives
conform
sustainable and replicable.
sustainable;

Approval criteria

Review and
Approval

Identificati
on
Monitoring
Risk Assessment and
Management

Preparation
and
Formulation

Methodology

Implementa
tion

Review and
Approval

Identificati
on
Evaluation

Preparation
and
Formulation

Methodology

Implementa
tion

Review and
Approval

FIRST
STEP
A. Project Planning (What should be made)
an act of formulating a program for a
definite
course of action; also a process of
drawing layouts for some project or
enterprise

Developing Project
Plan
Use project plans to coordinate rather
than to control.
Make use of different personalities
within the project
environment.
Prescheduled frequent revisions to
project plans.

Empower workers to estimate their own


work.
Use check lists, matrices, and other
supplements to project plans

ctors Involving Project Plan


In the initial stage of project planning, the
internal and external factors that influence
the project should be determined and given
priority weights.
Internal Factorsfactors within the premises of the organization
External Factorsfactors involving the clients and the market

Internal Factors
External Factors
Infrastructure
Public needs
Project scope
Market
needs
Labor relations
National goals
Project location
Industry stability
Project leadership
Organizational goal
State of technology
Management approach
Industrial competitors
Technical manpower supply
Government regulations
Resource and capital availability

SECOND STEP
Feasibility Analysis
The most important step in any project
after a project plan should be
determining the viability of the idea

THE PROCESS OF
FEASIBILITY
ANALYSIS
The basic
tests for feasibility
are as follows:
PERSONNEL/
A. Technical Feasibility
TECHNOLOGY
ACHIEVABLE?
B. Managerial Feasibility
GENERATE
C. Economic Feasibility
BENEFITS
D. Financial Feasibility
FUNDS NEEDED
E. Cultural Feasibility
COMPATIBILITY

F. Social Feasibility
INFLUENCE
EFFECTS ON
G. Safety Feasibility
ENVIRONMENT
POLITICALLY
H. Political Feasibility
CORRECT
ENVIRONME
I. Environmental Feasibility
NTAL
DEMAND/COMPE
J. Market Feasibility
CONCERN
TITIVE/DIVERTAB
LE

Potential Barriers
Many reasons that can make your
project impossible:
Old, poor means of technology
Lacking effective leadership
Lacking communication
Very low on funds
The project is not necessitated in the
market

Collection of Data

What is Collection of Data ?


The process by which researcher collects
the information needed to answer the
problems

Sources of Data

Sources of Data
Primary Data
Data which must be
collected.

Sources of Data
Secondary Data
Data which are already
available

Methods of Collecting Primary Data


Telephone Interview
Personal Interview
Personal observation

Methods
MethodsofofCollecting
CollectingPrimary
PrimaryData
Data
Telephone Interview

Methods of Collecting Primary Data


Personal Interview
Personal Interview

Methods
Methodsof
ofCollecting
CollectingPrimary
PrimaryData
Data

Personal observation
Personal observation

Methods of Collecting Secondary Data


Internal Sources
Sales Record
Marketing Activity
Cost Information

Methods of Collecting Secondary Data


External Sources
Journal
Books
Libraries
Internet

Collection of data
as one of the
Feasibility Study Methodology

Site Visit and Data Collection


Pre site visit and data acquisition
Site visit discussion
Recommendation for further
information gathering

Methodology

Raw data files

Data Records
Time Sequence
Range
Relational
Trend
Tests
Tests
Tests

Methodology

Methodology

Methodology

Methodology

E. Report Preparation
And Presentation

E. Report Preparation And Presentation


Report Information

written for a clear purpose


and to particular audience
Presented in a structure
format
Summarized the results of
analysis and evaluation
All information will be
confidential

E. Report Preparation And Presentation

Preparation
Report must always be:
accurate, concise, clear, and well structured

Reporting requirements:

Table of contents for the report

Anticipated length of the report

Language to be used

Format and font

Summary

Conclusion and recommendation

E. Report Preparation And Presentation

Process of presenting a project


o

Explains the findings and discussion of implication

Organized narrative, graphic or tabular

Written report / oral presentation

Presentation programs such as Microsoft Power


point, apple keynote, open office, org. impress or
prezi

E. Report Preparation And Presentation


Example:

E. Report Preparation And Presentation

E. Report Preparation And Presentation


Reports and presentation

E. Report Preparation And Presentation

E. Report Preparation And Presentation

E. Report Preparation And Presentation

E. Report Preparation And Presentation

SAMPL
E

Methodology

Methodology

Methodology

Methodology

Methodology