Project management- technical analysis for MBA students
- 1. UNIT-03
- 2. TECHNICAL ANALYSIS Technical analysis involves studying the technical aspects of a project. The main goal of technical analysis is to evaluate the project’s technical strength. This means technical analysis is carried out to ascertain whether the project is technically sound and viable.
- 3. The project must succeed in the long run. Most technical features of the product are non-reversible. Therefore, any error of judgment at this stage regarding technical parameters may have far-reaching consequences on the project. TECHNICAL ANALYSIS
- 4. IMPORTANCE OF TECHNICAL ANALYSIS Building a strong foundation for decision making Mitigating risk Optimizing resource allocation Ensuring quality assurance Assessing feasibility Adaptability and flexibility
- 5. SCOPE OF TECHNICAL ANALYSIS Material inputs and utilities Manufacturing process/ technology Plant capacity Plant location Selection of site Size of the plant
- 6. SCOPE OF TECHNICAL ANALYSIS Product mix Factory design Types of factory building Machinery and equipment Plant layout (factory layout)
- 8. MATERIAL INPUT AND UTILITIES
- 9. PLANT CAPACITY, LOCATION & SITE
- 11. STRUCTURES AND CIVIL WORK,
- 13. PROJECT CHARTS AND LAYOUTS
- 14. CHALLENGES AND STRATEGIES Data quality and availability. Subjective and interpretation Overfitting and curve fitting Market noise and random fluctuation Changing market condition False signals and whipsaws Emotional bias Lack of predictive power