Documente Academic
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AMENDMENT SHEET
Distribution:
a. Director
b. GM. Plant
c. HOD
d. MR
Document Approval
1.0 PURPOSE
A feasibility study is a study, which is performed by an organization to evaluate whether a specific action or
product makes sense from an economic or operational standpoint. The objective of the study is to test the
feasibility of a specific action or product and to determine and define any issues that would argue against this.
2.0 SCOPE
This procedure is applicable to Development department of the Organizations.
3.0 PROCEDURE
DGM engineering and development, development officer, Sr. Manager Supply Chain and Material purchase
manager are jointly study the available technical information which is received from customer.
The cost that is to be incurred in each section is to be assessed and input in the price breakup format. The price
breakup is submitted to the customer for review and approval. The customer holds price negotiation meeting and
joint assessment of cost in each section. The price is then finalized by safeguarding the interest and benefit of
both of the parties. The finalized breakup is signed by both parties and a copy of which is kept in our records for
record and reference purpose.
The price finalization is the kick off point to the project planning and initiation.