Solutions and Alternatives – explain the solutions/alternatives you have selected

Solutions and Alternatives – explain the solutions/alternatives you have selected 

Feasibility Report (Please do not attempt to solve if you can not fulfill all the requirements)

Please complete the BODY part.

Purpose

Feasibility reports are a yardstick to measure solutions which lead to a recommended course of action. These through investigations, to determine the viability and practicality of the proposal, are necessary to minimize organizational risk and minimize risks. When proposing a product, service, strategy, initiative, program, process, or change. Feasibility reports are critical to identify roadblocks to implementation and to maximize the chances for success. All business professionals must understand how to use through research to make decisions and communicate findings.

Your Task

You will explore the feasibility of a product, service, strategy, initiative, policy, program, process, or change. An individual may explore an aspect of the persuasive multimedia presentation topic if desired. A senior management or board of directors will be the recipient of the feasibility report. You will present this information as an analytic report.

Cover Page

Change of Budget Feasibility Report for National Project Systems

Table of Contents

Introduction

Purpose and overview of an organization

Problem Statement

Background of Problem

Cause of Problem

Solution

1. Introduction

This feasibility report has been prepared for the National Project System, to assess the chances of approval of the change in the budget submitted to the treasury department by the ministry of finance. This document details out the need for change in the budget proposal, the purpose of such a change and also will talk about the cause of the problem. National Project System manages multiple projects in and around the state of Texas and California. Its annual budget is $100 million. The change in the budget proposal has been asked by the ministry of finance for NPS, keeping in mind the increasing need for modern facilities and infrastructure. The ministry wishes to expand the operation of National Project system to other states and increases its footprint at a global level.

2. Purpose and overview of an organization

National Project system is an implementation arm of the ministry of finance. It undertakes multiple projects across various domains such as health, agriculture, defense, etc. Its annual budget has seen a growth of more than 20% in last 5 years. Recently, a need for modern infrastructure and processes has been realized by the members of National Project System. Hence, a budget change plan has been submitted to treasury department by a ministry of finance, to study the feasibility of such a change request.

3Problem Statement

Need an increase in the annual budget of National Project Systems for the proper implementation of various schemes running under its multiple projects. Current budget stands at $100 million. Treasury Department is already under a lot of financial burdens due to a decrease in funds from the world bodies which support it for such projects. In such a case a feasibility report has been prepared for the national project system.

4. Background of Problem

The projects being executed by NPS is running in costs of more than $200 million. Current budget stands at $100 million. The infrastructure and the process used to implement projects are quite outdated and need an urgent up-gradation to deliver projects on time. Treasury department which approves any budget changes is under tremendous pressure as it has lack of funds due to shortage of fund supply from world bodies. If the budget change doesn’t get approved, many projects under NPS will get shut down.

5. Cause of Problem

Cause of problem is the increase in projects without the increase in resources. Faulty planning for operational needs and execution. Budget forecasting not accurate. Over-commitment by a ministry of finance.

6. Solution

Explain the need for change in a budget to treasury department in an analytical manner. Address the pain points. Talk about operational costs. Discuss faulty forecasting issues and the urgent need for modern infrastructure.

*******Body (approx. 2 pages and minimum 2 references required)*******

1) Solutions and Alternatives – explain the solutions/alternatives you have selected (must have at least 3).

2) Establishing Criteria -establish at least 3 criteria selected for making comparisons. Tell how and why you selected criteria to use as a yardstick in evaluating alternatives.

3) Discussion/Evaluation – thoroughly discuss and evaluate the alternatives based on the criteria. Be sure to offer advantages and disadvantages of each. Refer to the graphic in the Appendices.

Solutions and Alternatives – explain the solutions/alternatives you have selected 

Solutions and Alternatives – explain the solutions/alternatives you have selected 

Solutions and Alternatives – explain the solutions/alternatives you have selected 

Solutions and Alternatives – explain the solutions/alternatives you have selected 

Solutions and Alternatives – explain the solutions/alternatives you have selected 

 

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