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2018 Final Year Project Definition Form Project Title: Research the feasibility/establish a business case for replacing diesel prime movers with electric prime movers by considering the investment
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Conduct a feasibility study to analyze the project's viability
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Project feasibility refers to the assessment of the viability of a proposed project. It involves analyzing various factors such as financial, technical, legal, and operational aspects to determine whether a project is likely to succeed.
Individuals or organizations proposing a new project, particularly in sectors requiring formal approval, such as public works or significant investments, are typically required to file a project feasibility study.
To fill out a project feasibility study, one should follow a structured template that includes sections on project description, market analysis, technical requirements, financial projections, risk assessment, and conclusions.
The purpose of a project feasibility study is to provide a detailed understanding of the project's potential for success, identify constraints and risks, and guide stakeholders in making informed decisions.
Information reported typically includes project objectives, timelines, financial estimates, resource requirements, potential obstacles, and strategies for overcoming risks.
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