Questions and Answers
Technical feasibility in project appraisal refers to the availability of sufficient knowledge to operate the proposed plant and machinery.
True
Arrangements to procure necessary knowledge for a project should not be checked thoroughly.
False
Foreign technical collaboration is allowed for all types of products without any specific terms and conditions.
False
Considering the location of the enterprise is not important in project planning.
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Government policies offer specific incentives only for industries in well-developed areas.
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Project managers do not need to be aware of legal provisions related to foreign collaboration.
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Technical analysis of a project idea involves designing various processes, installing equipment, specifying material, and prototype testing.
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The project manager should not be concerned about the irreversible decision involved in finalizing the technical aspects of a project.
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Availability of land, water, power, transport facilities, and workforce skill are inputs considered in the technical feasibility assessment of a project.
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Technical Analysis includes factors such as Product Mix, Machinery and Equipment, Plant Capacity, and Environmental Aspects.
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Technology selection for a project does not depend on the quantity of the product proposed to be manufactured.
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The project manager does not need to consider alternatives when assessing the technical feasibility of a project.
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Study Notes
Technical Feasibility in Project Appraisal
- Technical feasibility implies the adequacy of proposed plant and equipment to produce the product within prescribed norms.
- It also denotes the availability of know-how to run the proposed plants and machinery.
Assessing Technical Feasibility
- Ensuring the project is technically feasible, i.e., all required inputs are available.
- Facilitating the optimal formulation of the project in terms of technology, size, location, etc.
Key Inputs for Technical Feasibility
- Availability of land and site.
- Availability of inputs like water, power, transport, and communication facilities.
- Availability of servicing facilities like machine shops, electric repair shops, etc.
- Coping with anti-pollution laws.
- Availability of workforce with required skills and arrangements for training.
- Availability of required raw material in terms of quantity and quality.
Factors in Technical Analysis
- Manufacturing process/technology.
- Technical arrangement.
- Material inputs and utilities.
- Product mix.
- Plant capacity.
- Location and site.
- Machinery and equipment.
- Structures and civil works.
- Environmental aspects.
- Project chart and layouts.
- Schedule of project implementation.
Selecting Technology
- Need to consider alternatives.
- Technology selection in consultation with technical experts and consultants.
- Factors influencing technology selection: quantity of product to be manufactured, etc.
- Examples of alternative technologies: cement production (dry or wet process), soap production (semi-boiled or fully boiled process).
