EG7060
MENTAL WEALTH
- ENGINEERING
MANAGEMENT
AND PROJECT
ORGANISATION
EG7060 MENTAL WEALTH: PROFESSIONAL LIFE
Module Leader: - Dr Thamo Sutharssan /Module lecturer: Buddhika Premaratne
• Room:- EB 2.44
• Email:- T.Sutharssan@uel.ac.uk
• Tel:- 020 8223 3098
Buddhika@uel.ac.uk
Lecture: - Fridays 10:00 – 12:00 (EB 2.44)
Tutorial: - Fridays 13:00 – 15:00 (EB.G.2.43)
Drop-in:- Fridays 15:00 – 17:00 (Your time to meet as the team)
What is a project?
Project life cycle
LAST WEEK
Project definition
Work breakdown structure (WBS)
Critical path analysis
PERT analysis
Technical Feasibility
FEASIBILITY
STUDY
Market Research
Financial/Economical Analysis
Political, Social, Environmental, and Legal
Analysis
FEASIBILITY STUDY
WHY FEASIBILITY STUDY?
 Analyse the viability of the identified project to support decision making of
investment
 Is there adequate demand?
 What is the best option? (financially and technically)
 To decide whether the identified project is attractive enough to go for
implementation
 Socially and environmentally attractive
 Meet political and legal regulations
 The study needs inputs from many professional disciplines for various areas of
the study
TECHNICAL FEASIBILITY
 All project should have technical feasibility
 Technical feasibility can be related to:
 Available technologies and best option
 Technical skill within the team or organisation
SUPPLY AND DEMAND
 Demand for the product or service
 This will give an idea about the investment needed for the
equipment for manufacturing, storage facility, etc.
 Use it to forecast the future demand
 Analysis the competitors, their strengths and weaknesses
 Identify the threat and opportunities
 How to reach the customers?
FINANCIAL/ECONOMICAL ANALYSIS
 Total investment needed
 Operation and maintenance cost
 Turnovers and profits
 Cost and benefit analysis
 Breakeven analysis
 Net present value analysis for project selection
POLITICAL AND LEGAL ANALYSIS
 Regional and
international standards
 Regulations
POLITICAL AND LEGAL ANALYSIS
 Taxation,VAT, Tax incentive, etc.
 Capital allowances on energy efficient technology
 Incentive for low/zero/green technologies
 Climate change levy
 R&D incentive
SOCIAL AND ENVIRONMENTAL ANALYSIS
 Demographic analysis
 Carbon emission
 Consumer behaviours and  Impact analysis - Climate
belief
 Attitude towards new
system and change
 Lifestyle consideration
 Use of natural resources
 Sustainability
 Other emissions and waste
THANK YOU
T.Sutharssan@uel.ac.uk
Buddhika@uel.ac.uk