Feasibility testing report on Master Educ

report

1. University of Rizal System Graduate School Feasibility Testing Presenter: Marc Donald B. Ragasa

2. Is the idea in the image achievable? Why?

3. Is the idea in the image achievable? Why?

4. Is the idea in the image achievable? Why?

5. Is the idea in the image achievable? Why?

6. At the end of this report participants are expected to: Identify the definition of feasibility testing. Understand the value of feasibility testing across areas. Integrate the significance of feasibility testing. Objectives

7. Feasibility Feasibility refers to the practicability or workability of something. It essentially answers the question: "Is this possible to do?"

8. "Feasibility testing" is not a single term with a specific historical origin, but rather a combination of two existing words with established etymologies: Feasibility :   This word comes from the Middle French " faisable ," meaning " possible to do or make ." It further traces back to the Latin " facere ," meaning " to make or do .“ Testing :   This word derives from the Middle English " testen ," meaning " to put to the test ." It ultimately originates from the Old French "tester ," which itself comes from the Latin " tristare ," meaning "to make sad or sorrowful ."

9. Do you analyze first then make decision?

10. Introduction to Feasibility Testing Feasibility testing, also known as a feasibility study, is a preliminary assessment conducted to evaluate the practicality, viability, and potential success of a proposed project, idea, or venture. It acts as a risk management tool by helping decision-makers understand the key factors involved and identify potential challenges before significant resources are committed.

11. Think of it as a roadmap outlining the potential roadblocks and detours before embarking on a journey.

12. Do you prefer facts rather than hearsay?

13. Scope:   It encompasses various aspects of the proposed project,  including  technical feasibility, Financial feasibility, legal feasibility, and operational feasibility. K ey points about feasibility testing:

14. Technical feasibility:   Can the project be completed with the available technology and resources? Financial feasibility :  Will the project be financially viable, considering costs and potential benefits? Operational feasibility :  Can the project be implemented and managed effectively within the existing organizational structure?

15. Social and environmental feasibility:   This evaluates the project's potential impact on the surrounding community and the environment.  Legal and regulatory feasibility:   Does the project comply with all relevant laws and regulations? It acts as a risk mitigation strategy , potentially saving time, money, and resources that might be wasted on pursuing an ultimately impractical or unsuccessful endeavor.

16. Groups heavily rely on feasibility studies 1 Businesses and Entrepreneurs They help mitigate risks, make informed decisions about resource allocation, and increase the chances of success. 2 Investors and Lenders This helps them evaluate the potential risks and rewards, assess the borrower's ability to repay, and make informed investment decisions. 3 Government Agencies and Public Institutions This helps ensure efficient use of public funds, minimize risks, and maximize project benefits. 4 Academic Institutions: Feasibility studies are used in various academic disciplines, such as business, engineering, and public policy, to teach students about project evaluation, critical thinking, and decision-making processes.

17. Impact of feasibility across areas 1. Informed decision-making: Feasibility studies provide valuable insights into the  viability, risks, and potential outcomes   of a plan. This information empowers stakeholders to make well-informed decisions about resource allocation, project scope, and potential alternatives.

18. 2. Risk mitigation: By identifying potential challenges and obstacles early on, feasibility analysis allows for  proactive risk management .  This can involve developing contingency plans, adapting strategies, or even choosing to abandon impractical plans altogether, saving time, money, and effort in the long run.

19. 3. Resource optimization: Understanding the resource requirements (financial, human, technological) through feasibility analysis enables  efficient resource allocation . This ensures that resources are directed towards plans with the highest chance of success, avoiding unnecessary expenditure on potentially unfeasible projects.

20. 4. Improved plan quality: Feasibility analysis acts as a   reality check   for initial plans. Identifying potential shortcomings and areas for improvement allows for  refinement and adjustments   before significant resources are invested. This leads to more  realistic, achievable, and well-rounded plans   with a higher chance of success.

21. 5. Increased stakeholder buy-in: Transparent feasibility analysis fosters  trust and confidence   among stakeholders. By demonstrating a thorough understanding of potential challenges and risks, project managers can gain increased buy-in and support for the chosen plan.

22. 6. Enhanced communication and collaboration: Feasibility testing often involves gathering information from various stakeholders and experts. This process fosters  communication and collaboration , leading to a  shared understanding   of the project’spotential and challenges. Effective communication among stakeholders is crucial for successful project execution.

23. 7. Improved learning and development: The insights gained from feasibility testing can be  valuable for future projects .  By learning from successes and failures, organizations can  continuously improve their planning and decision-making processes . This knowledge accumulation contributes to organizational development and fosters a culture of continuous improvement.

24. Do Feasibility study goes beyond the business sector? Public Policy Development helps ensure they are  effective, efficient, and implementable , maximizing their positive impact on society. Large-Scale Infrastructure Projects helps make informed decisions about  resource allocation, environmental impact, and long-term sustainability . Academic Research ensuring  efficient use of research resources and maximizing the likelihood of valuable contributions to knowledge .

25. S chools invest in infrastructure projects “ effective, sustainable, and meet the needs of the educational community .” Types of Infrastructure Projects: Renovations and upgrades :   Feasibility studies can assess the viability of renovating existing buildings , upgrading electrical systems , or improving accessibility features. This involves evaluating factors like costs, potential disruptions to learning, and the long-term benefits of the upgrades

26. New construction:   When planning new buildings or facilities, feasibility studies are crucial to assess factors like site suitability , compliance with building codes and regulations , potential environmental impact , and the capacity of the new infrastructure to accommodate future needs.

27. Technology integration:   Implementing new technologies like smart classrooms or interactive learning tools requires feasibility testing to assess compatibility with existing infrastructure , training needs for staff and students, and potential cybersecurity risks .

28. Do you know some products who successfully used feasibility study? Apple Watch This study analyzed the market demand for wearable technology, assessed the technical feasibility of developing a smartwatch with desired features, and evaluated the financial viability of the project. The Golden Gate Bridge This study assessed the technical challenges of building a suspension bridge across the Golden Gate Strait, evaluated the economic feasibility of the project considering potential tolls and benefits, and analyzed the environmental impact. The Development of Online Learning Platforms Based on the positive results, these platforms emerged and disrupted the traditional education landscape, offering accessible and flexible learning opportunities to millions worldwide.

29. Feasibility VS. Business Plan

30. W hich would you prefer, feasibility study or business plan?

31. Give your own opinion whether you’ll use feasibility study or not.

32. "The best way to predict the future is to create it." - Peter Drucker-

33. Conclusion In conclusion, feasibility testing offers a comprehensive approach to evaluating the potential of a project before significant resources are committed. By leveraging its advantages, individuals and organizations can increase their chances of success, optimize resource allocation, and ultimately achieve their desired outcomes. Feasibility testing is not a one-size-fits-all approach. The complexity and depth of the study will vary depending on the nature and scale of the project. However, it remains a crucial step in building a strong foundation for any new endeavor.

34. Reference: https://www.simplilearn.com/feasibility-study-article https://www.investopedia.com/terms/f/feasibility-study.asp The Impact of School Infrastructure on Learning A Synthesis of the Evidence INTERNATIONAL DEVELOPMENT IN FOCUS Peter Barrett, Alberto Treves, Tigran Shmis , Diego Ambasz , and Maria Ustinova