Before starting any new project detailed analysis needs to be done to understand the key factors related to viability and sustainability of the school project. Broadly it helps to identify internal and external constraints which a project can face in future. Feasibility study examines the practicality of a proposal. The principle function of this is to determine if the project will continue or not. Another important purpose is that it helps planners to focus on the project and narrow down the possibilities. Erudite India completely fulfils both the purposes with effective feasibility analysis done at school site and its catchment area. Successful feasibility analysis enhances the success rate of a school project by evaluating multiple parameters.
Financial feasibility:
It involves the cost benefit analysis of the project. We understand the importance associated with investments in a project and strive to provide the most feasible solutions to you. A study is conducted on competition in markets due to similar existing projects, sales potential in the market, size of the market, target audience and future growth potential. The study provides information about details of the assets to be financed, funding potential, repayment capacity, effect of increase/ decrease in cost and other sensitive factors. After financial feasibility study by our experts, a crystal clear picture to you is presented about the strength and weakness of the school project, the expenditure & logistics involved and return on investments.
Operational feasibility:
This helps in understanding the likelihood of project attaining objectives desired by the organization on the whole. The way the system will affect the organization structures and processes and the system will fit into day-to-day operations. The focus is on effectively attaining operational objectives with regard to development schedule, date of delivery of school, setting up school culture and routine practices in school. The study ascertains the optimum utilisation of available resources from staff to support team. System is developed keeping in consideration the parents and management.
Technical feasibility: The technical support requirement in any project plays an important part in resource allocation. Based on the technical requirements comparison is done with capabilities of organization. Complete school ERP support is provided at EI. Analysts give detailed ideas of existing tech supports and how to apply them for functional and new schools.
Legal feasibility:
Inputs are given for formations of society, trust, etc. Overview of Rules and regulations and various norms for starting a school. Upon analysis for compliance with norms, the School Management Committee rules and requisites are formed. Guidelines are also set up for Codes of Conduct/ Discipline Policies.