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.

 

 

 

 

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