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Feasibility Studies
A feasibility study is an assessment of the practicality of a project or system. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the natural environment, the resources required to carry through, and ultimately the prospects for success.Justis, R. T. & Kreigsmann, B. (1979). The feasibility study as a tool for venture analysis. ''Business Journal of Small Business Management'' 17 (1) 35-42. In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained. A well-designed feasibility study should provide a historical background of the business or project, a description of the product or service, accounting statements, details of the operations and management, marketing research and policies, financial data, legal requirements and tax obligations. Generally, feasibility studies precede technical development and project ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Environment
The natural environment or natural world encompasses all life, biotic and abiotic component, abiotic things occurring nature, naturally, meaning in this case not artificiality, artificial. The term is most often applied to Earth or some parts of Earth. This environment encompasses the interaction of all living species, climate, weather and natural resources that affect human survival and economic activity. The concept of the ''natural environment'' can be distinguished as components: * Complete ecological units that function as natural systems without massive civilized human intervention, including all vegetation, microorganisms, soil, rock (geology), rocks, plateaus, mountains, the atmosphere of Earth, atmosphere and list of natural phenomena, natural phenomena that occur within their boundaries and their nature. * Universal natural resources and phenomenon, physical phenomena that lack clear-cut boundaries, such as air, water and climate, as well as energy, radiation, electric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wolt Fabrycky
Wolter Joseph Fabrycky (December 6, 1932 – November 6, 2024) was an American systems engineer, Lawrence Professor Emeritus of Industrial and Systems Engineering at Virginia Tech, and Principal of Academic Applications International. Biography Wolter Fabrycky studied Industrial Engineering, receiving his BS in 1957 from Wichita State University and his Industrial Engineering MS in 1958 from the University of Arkansas. In 1962 Fabrycky received his PhD in engineering from Oklahoma State University where he was awarded an Ethyl Corporation Doctoral Fellowship.Wolt Fabrycky INCOSE Fellow at incose.org. Accessed October 1, 2013. Fabrycky began as a faculty member at the |
Business Process Management
Business process management (BPM) is the discipline in which people use various methods to Business process discovery, discover, Business process modeling, model, Business analysis, analyze, measure, improve, optimize, and Business process automation, automate business processes. Any combination of methods used to manage a company's business processes is BPM. Processes can be structured and repeatable or unstructured and variable. Though not required, enabling technologies are often used with BPM. As an approach, BPM sees processes as important assets of an organization that must be understood, managed, and developed to announce and deliver value-added products and services to clients or customers. This approach closely resembles other total quality management or continual improvement process methodologies. ISO 9000:2015 promotes the process approach to managing an organization. ...promotes the adoption of a process approach when developing, implementing and improving the effe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rural Business-Cooperative Service
The Rural Business-Cooperative Service (abbreviated as "RBS") is one of three agencies within USDA Rural Development (along with the Rural Housing Service and Rural Utilities Service) responsible for administering various economic development programs to rural communities in the United States and its territories. Because these three agencies are closely aligned, they are commonly referred to as the USDA Rural Development, Business & Cooperative Programs. The mission of the RBS is to enhance the quality of life for rural Americans by providing leadership in building competitive businesses including sustainable cooperatives that can prosper in the global marketplace. The organization meets these goals by: *Investing financial resources and providing technical assistance to businesses and cooperatives located in rural communities. *Establishing strategic alliances and partnerships that leverage public, private, and cooperative resources to create jobs and stimulate rural economic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Agriculture
The United States Department of Agriculture (USDA) is an executive department of the United States federal government that aims to meet the needs of commercial farming and livestock food production, promotes agricultural trade and production, works to assure food safety, protects natural resources, fosters rural communities and works to end hunger in the United States and internationally. It is headed by the secretary of agriculture, who reports directly to the president of the United States and is a member of the president's Cabinet. The current secretary is Brooke Rollins, who has served since February 13, 2025. Approximately 71% of the USDA's $213 billion budget goes towards nutrition assistance programs administered by the Food and Nutrition Service (FNS). The largest component of the FNS budget is the Supplemental Nutrition Assistance Program (formerly known as the 'Food Stamp' program), which is the cornerstone of USDA's nutrition assistance. The United Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SWOT Analysis
In strategic planning and strategic management, SWOT analysis (also known as the SWOT matrix, TOWS, WOTS, , and Situation analysis, situational analysis) is a decision-making technique that identifies the strengths, weaknesses, opportunities, and threats of an organization or project. SWOT analysis evaluates the strategic position of organizations and is often used in the preliminary stages of decision-making processes to identify internal and external factors that are favorable and unfavorable to achieving goals. Users of a SWOT analysis ask questions to generate answers for each category and identify competitive advantages. SWOT has been described as a "tried-and-true" tool of strategic analysis, but has also been criticized for limitations such as the static nature of the analysis, the influence of personal biases in identifying key factors, and the overemphasis on external factors, leading to reactive strategies. Consequently, alternative approaches to SWOT have been devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proof Of Concept
A proof of concept (POC or PoC), also known as proof of principle, is an inchoate realization of a certain idea or method in order to demonstrate its feasibility or viability. A proof of concept is usually small and may or may not be complete, but aims to demonstrate in principle that the concept has practical potential without needing to fully develop it. A proof of value (PoV) is sometimes used along proof of concept, and differs by focusing more on demonstrating the potential customer use case and value, and is usually less in-depth than a proof of concept. Usage history The term has been in use since 1967. In a 1969 hearing of the Committee on Science and Astronautics, Subcommittee on Advanced Research and Technology, ''proof of concept'' was defined as following: One definition of the term "proof of concept" was by Bruce Carsten in the context of a "proof-of-concept prototype" in his magazine column "Carsten's Corner" (1989): The column also provided definitions fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining Feasibility Study
A mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically. There are three types of feasibility study used in mining, order of magnitude, preliminary feasibility and detailed feasibility. Order of magnitude Order of magnitude feasibility studies (sometimes referred to as "scoping studies") are an initial financial appraisal of an inferred mineral resource. Depending on the size of the project, an order of magnitude study may be carried out by a single individual. It will involve a preliminary mine plan, and is the basis for determining whether to proceed with an exploration program, and more detailed engineering work. Order-of-magnitude studies are developed by copying plans and factoring known costs from existing projects completed elsewhere and are accurate to within 40–50%. Preliminary feasibility Preliminary feasibility studies or "pre-feasibility studies" are more detailed than order of mag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Environmental Impact
Environmental issues are disruptions in the usual function of ecosystems. Further, these issues can be caused by humans ( human impact on the environment) or they can be natural. These issues are considered serious when the ecosystem cannot recover in the present situation, and catastrophic if the ecosystem is projected to certainly collapse. Environmental protection is the practice of protecting the natural environment on the individual, organizational or governmental levels, for the benefit of both the environment and humans. Environmentalism is a social and environmental movement that addresses environmental issues through advocacy, legislation education, and activism. Environment destruction caused by humans is a global, ongoing problem. Water pollution also cause problems to marine life. Some scholars believe that the projected peak global population of roughly 9-10 billion people could live sustainably within the earth's ecosystems if humans worked to live sustainably w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Appraisal
Project appraisal is the process of assessing, in a structured way, the case for proceeding with a project or proposal, or the project's viability. It often involves comparing various options, using economic appraisal or some other decision analysis technique. To ensure success, a project should be objectively appraised during the feasibility study, taken into account principal dimensions, technical, economic, financial, and social implications. To establish the justification for a project the project appraisal is the process of judging whether the project is profitable or not to client. Process * Initial assessments * Define problem and long-list * Consult and short-list * Evaluate alternatives * Compare and select project appraisal. Types of appraisal * Technical appraisal * Project appraisal * Legal appraisal * Environment appraisal * Commercial and marketing appraisal * Financial/economic appraisal * Organizational or management appraisal ** Cost-benefit analysis * Economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Research
Market research is an organized effort to gather information about target markets and customers. It involves understanding who they are and what they need. It is an important component of business strategy and a major factor in maintaining competitiveness. Market research helps to identify and analyze the needs of the market, the market size and the competition. Its techniques encompass both qualitative techniques such as focus groups, in-depth interviews, and ethnography, as well as quantitative techniques such as customer surveys, and analysis of secondary data. It includes social and opinion research, and is the systematic gathering and interpretation of information about individuals or organizations using statistical and analytical methods and techniques of the applied social sciences to gain insight or support decision making. Market research, marketing research, and marketing are a sequence of business activities; sometimes these are handled informally. The field of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations Industrial Development Organization
The United Nations Industrial Development Organization (UNIDO) (French: Organisation des Nations unies pour le développement industriel; French/Spanish acronym: ONUDI) is a specialized agency of the United Nations that assists countries in economic and industrial development. It is headquartered at the United Nations Office at Vienna, UN Office in Vienna, Austria, with a permanent presence in over 60 countries. As of October 4,2024, UNIDO comprises 173 member states, which together set the organization's policies, programs, and principles through the biannual General Conference. UNIDO was established in 1966 by the UN General Assembly to promote and accelerate the industrialization of developing countries, which were Decolonization, emerging from decolonization in record numbers and with little to no industrial base. In 1979 it became one of the 15 specialized agencies of the UN, with its new constitution coming into force in 1985. Since its founding, the organization has res ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
