Potential Technology :Home automation technology

Task

With your team of no more than five members prepare a full Opportunity Assessment and Feasibility Report that outlines the potential of a technology or business concept of your team’s choice to form a new venture. IMPORTANT: This is not a business plan but a comprehensive analysis of a business idea/concept that recommends whether the idea provides an arguable business opportunity before proceeding with full business planning and business start up activity

 

Potential Technology :Home automation technology

My part in the report

 

Methodology:

discussion on method of analysis for feasibility study

Return on Investment (ROI) analysis for comparing overall profitability

ROI = Estimated lifetime benefits – Estimated lifetime costs Estimated lifetime costs or

ROI = Net Present value / Estimated lifetime costs

 SWOT Analysis

• STRENGTHS WEAKNESS MAINTAINING THESE STREGTHS OVERCOMING THESE WEAKNESS

What can do for maintain these strengths?

What should I do to overcome these weaknesses?

• OPPORTUNITIES THREATS TAKING ADVANTAGE OF THESE OPPORTUNITIES OVERCOMING THREATS

What can I do to take the advantage of these opportunities?

What can i do to overcome these threats?

  Overview of alternatives

• Possible alternatives
• “Sticking with the current system” should always be studied as one alternative
• Different business processes for solving the problems
• Different levels/types of computerization for the solutions
• Advantages and disadvantages of the alternatives
• The major possible alternatives should be discussed and compared using clearly defined criteria.

 

 

 

 

 

You can place an order similar to this with us. You are assured of an authentic custom paper delivered within the given deadline besides our 24/7 customer support all through.

 

[order_calculator]