What is technical analysis?
Examination of the technical and engineering characteristics of a project needs to be done repeatedly when a project is made. Technical analysis seek out to decide whether the fundamentals for the successful commissioning of the project has been considered and reasonably good options have been made with respect to location, size, process etc. The important questions raised in technical analysis are the following
- Whether preliminary tests and studies have been done?
- Whether the availability of raw materials, power, and other inputs has been recognized?
- Whether the production method opted is suitable?
- Whether the equipment and machines chosen are suitable?
- Whether the supplementary equipments and auxiliary engineering works have been given for?
- Whether provision has been made for handling of effluents?
- Whether the planned layout of the site, building, and plant is sound?
- Whether work schedules have been reasonably drawn up?
- Whether the technology planned to be employed is suitable from the social plant of view?
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