THE ROLE OF FEASIBILITY STUDIES ON PROJECT AND ORGANIZATIONAL PERFORMANCE
Journal Title: International Journal of Research in Social Sciences - Year 2017, Vol 7, Issue 5
Abstract
Every business organization wants to succed in her business and improves in her performance. Feasibility study has been identified as one of the key factors to reach such cardinal objective. Many projects and many business organisations have failed to achieve this goal because they do not begin or understand the implications of conducting a feasibility study. This paper therefore examined the effect of feasibility studies on project and organizational performance. It equally sought to determine the reasons and causes of project failures irrespective of conducting feasibility studies on such projects. Data utilized for the study were from both primary and secondary sources. The population of the study was 428 staff of Project Development Institute (PRODA) Enugu. A sample size of 207 was determined from the population using Taro Yamane’s formular with stratified random sampling technique used in selecting respondents for the study. Statistical techniques such as frequencies, Percentages and Relative Importance Index were used to analyze the data. Our findings revealed that the conduct of feasibility studies to a very positive extent improves organizational performance, because it enables the organization to identify the flaws, challanges and unforeseen circumstances that might affect the progress of the organization with a view to taking appropriate preventive measures. The findings also revealed that though, the conduct of feasibility study is important both to existing and new business, but there are other critical factors which if not considered will negatively affect the organization no matter passing the feasibility test like sheer incompetence, downright dishonesty and employment of unsuitable staff. In view of our findings, it was recommended that for a feasibility study to stand the test of time, correct assumptions must be based on correct facts. Management should not only see the conduct of feasibility studies as prerequisite to organizational performance, also employement of competent, honest and suitable personnel are also critical to organizational growth.
Authors and Affiliations
Achilike . I. Nicholas And Akuwudike Hilary Chinedum
Keywords
Related Articles
- EP ID EP19937
- DOI -
- Views 323
- Downloads 12
International Migration, Goan Diaspora and the caste dynamics in Assolna, Velim, Cuncolim (Goa)
This paper presents how the upward social mobility brought about due to Goan diaspora and the socio-economic linkages with the sending society, contributes to the structuration of the caste structured society in to a...
ELECTRONIC MEDIA AND STUDENTS’ READING COMPETENCE IN NIGERIA
The study examined influence of electronic media resource on students‟ reading competence at the senior secondary school level, with the aim of ascertaining their readiness for higher education, in Uyo, Akwa Ibom State...
STATUS OF WOMEN IN THE AGE OF BUDDHA : A REVIEW
The ancient law giver Manu was considered the founder of social and moral order. From the outset, Manu deprived women of their religious rights and access to the spiritual life. As per social order a women could not at...
Study of Parental Encouragement in Relation to Academic Achievement of University Students
The present study was an attempt to compare, difference and relationship between the parental encouragement and academic achievement of urban and rural students. The data was collected from 80 students which consisting...
ORGANISATIONAL CLIMATE OF CEMENT INDUSTRY IN ARIYALUR DISTRICT – AN OVERVIEW
The nature and the color of organizational climate must be changed according to nature, type, volume and ownership of the organization. As a social researcher we can see and pinpoint several changes and the influencers...