Tag: technical study

Technical Aspect Feasibility Study for Snack Stand

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The technical aspect helps to determine the capacity of the project.  The technical study will provide information in service activity and the raw materials to be used in providing activity this product as well as their resources.  It is also determine the utilities and equipment to be acquired in showing the location and layout of the project.

Objectives

1.    To know the business should be located.
2.    To find how to improve more in the business and also in the product.
3.    To know how to use properly the equipment and machinery.

Plant Lay out

The plant lay out show the size of a firm.  Lay out shows the different angel of the firm and the lay out is the guide for the worker who made a difficult firm.

Plant Location

The business will be situated at Common Terminal at Barangay Ibayo, Balanga City, Bataan beside the Isaac and Catalina medical center.  The common terminal is a very busy place where a great number of people come to go  The GF Snack Stand is situated on the second floor of the terminal.

The business was agreed to be situated at the said location because of its suitability for the targeted market.  Researchers suggested that the kind of business is very much profitable in the said place.  The partnership believes that the business can serve more customers in the area compared to other places.  The said location is very much accessible to students, employees, office workers, businessmen and common terminal passengers and also for those who are roaming around the three (3) malls.

Excerpt from Management Project by Arde R. Reyes

Technical Study and Feasibility Study

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One of the major components of a project feasibility study is technical study.  In case of product proposal, a technical study identifies whether the product could be produced at the highest possible quality level with minimum cost.

Factors to be considered in technical study

  1. Composition of the product such as physical, mechanical and chemical properties should be described.
  2. Manufacturing process include detail flow charts which indicate the material and energy requirement at each step and normal duration of the process.
  3. Plant size and production schedule includes the production capacity of the plant and number of days the project shall operate per year and expected attainable yearly production.
  4. Machinery.  The number specification, rated capacities, prices of equipment and auxiliary equipment should be considered.  Also, the availability of spare parts and repair services such as quotation from supplier, machinery guarantees, delivery, and terms of payment are other factors to be studied.
  5. Plant location, layout and structure.  The location must be desirable in terms of distance to source of raw materials and markets.
  6. Raw materials.  The availability, combination, current and prospective sources and costs of raw materials should be determined.
  7. Utilities and waste disposal.  Here, it includes the specific utilities such as electricity, fuel, water, supplies and their respective uses, and quantity required.