EXAMINATION OF PROJECT FEASIBILITY ANALYSIS METHOD

Abstract

This study aims to Examine the method and process of project analysis for meeting the management or budget provider’s needs, expected benefit is that a guideline for project analysis can be made for the Graduate School of Commerce.

Research method is an interview of 10 experts in project writing and budget approval (Morse, 1994). The experts are selected by purposive sampling, and result from the interview is compared with two research works from the Graduate School of Commerce.

Result from this work is that for a project to be authorized for execution and granted budget, it would need following things: name conforming to government policy, rationale matching government policy, objective conforming to the budget agency, work scope concurring with the value chain, clear work process and duration within the limit imposed by the employer, respectable and experienced project manager who is also well-connected, and budget reasonable for the objective. The project executor must also be able to carry out the project, has a representative and coordinator to explain importance and rationale to the budget authorizer. Some parts of the process can be skipped, or executed first as long as conformance to the budget provider’s criteria is maintained. Expected benefits and suggests are discovered in this study: 10 project analysis guides.