Feasibility Report

Task With your team of no more than five members prepare a full Opportunity Assessment and Feasibility Report that outlines the potential of a technology or business concept of your team’s choice to form a new venture. IMPORTANT: This is not a business plan but a comprehensive analysis of a business idea/concept that recommends whether the idea provides an arguable business opportunity before proceeding with full business planning and business start up activity Potential Technology : Home automation technology My part in the report Methodology: discussion on method of analysis for feasibility study Return on Investment (ROI) analysis for comparing overall profitability ROI = Estimated lifetime benefits - Estimated lifetime costs Estimated lifetime costs or ROI = Net Present value / Estimated lifetime costs SWOT Analysis • STRENGTHS WEAKNESS MAINTAINING THESE STREGTHS OVERCOMING THESE WEAKNESS What can do for maintain these strengths? What should I do to overcome these weaknesses? • OPPORTUNITIES THREATS TAKING ADVANTAGE OF THESE OPPORTUNITIES OVERCOMING THREATS What can I do to take the advantage of these opportunities? What can i do to overcome these threats? Overview of alternatives • Possible alternatives ? “Sticking with the current system” should always be studied as one alternative ? Different business processes for solving the problems ? Different levels/types of computerization for the solutions • Advantages and disadvantages of the alternatives • The major possible alternatives should be discussed and compared using clearly defined criteria.