Feasibility Study for a Music Festival at St Fagans National History Museum
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This report is a feasibility study for a music festival to be organized at St Fagans National History Museum. The study includes stakeholder mapping, market analysis, and technical and financial feasibility analysis.
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Contents Contents...........................................................................................................................................2 INTRODUCTION...........................................................................................................................3 AIMS AND OBJECTIVES.............................................................................................................4 METHODOLOGY..........................................................................................................................6 OBJECTIVE 1.................................................................................................................................6 Stakeholder Mapping..............................................................................................................6 Stakeholder analysis...............................................................................................................7 Market analysis.......................................................................................................................8 Forecasting factors that can affect the successful implementation of project......................10 OBJECTIVE 2...............................................................................................................................11 PESTLE analysis of the new project....................................................................................11 SWOT analysis of the new project.......................................................................................13 Programmes that are being run in the museum currently.....................................................15 Strengths and weaknesses of current programmes...............................................................16 OBJECTIVE 3...............................................................................................................................17 Technical feasibility.............................................................................................................17 OBJECTIVE 4...............................................................................................................................19 Cost-benefit analysis............................................................................................................19 Bidding.................................................................................................................................20 OBJECTIVE 5...............................................................................................................................21 Organisational feasibility......................................................................................................21 GANTT CHART...........................................................................................................................23 REFLECTION...............................................................................................................................24 Evaluation.............................................................................................................................27 Analysis................................................................................................................................28
CONCLUSION..............................................................................................................................28 REFERENCES..............................................................................................................................29 Appendix-A3 Draft........................................................................................................................32 INTRODUCTION Management is the activity with the help of which the organisations aims to achieve their objectives by efficiently utilising their resources and by controlling and managing the efforts of the employees(Hyde, 2019). Organisations take various actions and steps with the help of which they can improve the quality of life of the customers by satisfying their needs and wants. For this they offer wide variety of products and services to them. With the same reason various musical events are organised. Music festivals are the community events in which various performers give their live performances which include both singing and playing of the musical instruments. Such festivals are organised with some themes such as genre, nationality, locality, culture etc. these musical events are organised by the various oragsnaition indoor as well as outdoor which depends upon the nature and themes, crowd and the other related activities. This report is based on a project related to the musical festival to be organised by National Museum Wales. The AC-NMW is an organisation which is supported by the Welsh Government and it comprises of seven museums in Whales. All these museums are highly renowned and attract a lot of visitors every day. AC-NMW aims to organise an event music festival in one of their sites i.e., St Fagans, National History Museum. This is considered to be one of the largest museums of all seven. It is an open museum which frequently organise various eventsforcelebratingthecultureandthelifeofWelsh.Themuseumhasgonefor redevelopment and now it is an opportunity to organise an event herein.AC-NMW aims to organise an event with which they can create a new culture and encourage participation of the public so that the collection of the museum can be appraised and various stories can be developed for the collection which can promote it. As AC-NMW aims to organise a musical festival inSt Fagans, National History Museum so to support this various analysis are conducted in this report by identifying various objectives. For achieving such objectives various supportive evidences are provided which includes various analyses such as PESTLE Analysis for the identification of the market, SWOT analysis for the determination of the strengths and weaknesses of the current activities and future events. In
addition to this feasibility analysis was supported with the help of various factors that need to be considered are identified so that the event can be organised efficiently. This includes mapping of the stakeholders, determination of the market factors along with technical and organisational feasibility. Apart from this the cost benefit analysis was undertaken in which they have focussed upon the biding from suppliers so that they can finance various activities related to the event. For support the entire event a Gantt chart is prepared with the help of which the timely completion of the project can be ensured. On the basis of this a reflection is provided in which all the problems that are faced by the project managers along with various learning are discussed which can support to develop an understanding of which problems can impact and to what extent also what can be possible actions that can be taken. AIMS AND OBJECTIVES Aim of the Project: A feasibility study will be conducted so that the factors that are needed to be considered in setting up a music festival at St. Fagans National History Museum so that the viability of the project can be determined. Through the musical festival at the museum the visitors can gain an insight of the rich heritage and culture of Wales along with the Welsh language which can help in creating a more dynamic, participatory and inclusive museum environment. This will help in creating a more engaging environment at museum which will allow the visitors to immerse themselves in the collections, stories of the museum which will help in spreading awareness about the Welsh culture and also in attracting more of tourists. This feasibility will help in understanding the financial viability of the project so that the project can be made sustainable and can help in achieving the project objectives in an efficient manner. This will also help in analysing the favourability of the market so that the tourists can be attracted and a more engaged culture can be established in the museum. Objectives of the project: Stakeholder identification to understand the impact of project on them and also to meet client’s requirements To support this objective of the project the mapping of the stakeholders will be done which also support in determining various internal and external factors so that their opinions can also be taken. In addition to this the factors that can affect the project are also determined so that necessary actions can be planned to minimise the impact on the project. Also the market analysis
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is done with the help of which the impact of the movement in various factors such as competition can be analysed. To evaluate the current position of the museum so that effective strategies can be formulated that can help in meeting client requirements To support this objective of the project it is important to analyse various external environment factors that can affect the organisation of the event with the help of PESTLE analysis. Apart from this the strengths and weakness of the project is determined with the help of SWOT analysis for both the current events that are organised within the museum as well as for the future events that are to be organised. But to support this various programmes that are taking placing need to be identified and analysed. To conduct a technical feasibility so that the technological requirements can be determined along with the logistics required so that the implementation of project can be done To support this objective technical feasibility has been taken into consideration with the help of which various technical requirements for organising the musical festival will be identified along with various phases. Also, various factors will be determined that can effect various technical aspect in context of existing technology and technique and changes that can take place in near future. The phases which will be taken into consideration while undertaking thetechnicalfeasibilityanalysisincludesculture,infrastructure,architectureanddesign, procurement, information security and many more. To evaluate the financial feasibility so that the cost benefits analysis of project can be done so that the sustainability of the project can be done To support this objective financial feasibility cost-benefit analysis will be undertaken so that various sources from where funds can be arrangedwill be determined along with various costs that they have to meet up with while organising a musical festival will be ascertained. To support this bidding process will also be taken into consideration so that the availability of funds can be insured as well as various activities can be allocated to different parties. It will ensure the accomplishment and sustainability of the project. To conduct an organisational feasibility so that a legal structure that will be implemented at St. Fagans National History Museum can be identified To support the objective of organisational feasibility various abilities of the organisation basis of their business structure will be determined. The structure that is been followed by the
management of the museum will be analysedalong with its effectiveness in undertaking this new project. METHODOLOGY For accomplishing the above mentioned objectives as per the requirement of the project various methodologies will be used so that analysis can be done effectively. It is important to determine various methodologies before starting project as with this it can be ensure that from where the data need to be collected(Metcalfe, 2018). The approach that will be taken into consideration for achieving this objective includes the secondary research which suggest that study is done the secondary data and moreover a text of research with various theoretical information. For supporting all the analysis that are undertaken in the report various secondary information were gathered and with the help of which critical analysis was facilitated that supported the study. OBJECTIVE 1 Stakeholder Mapping In order to make project successful it is important that the support and trust of all the stakeholders who are either directly or indirectly linked with the project or are affected by the decisions being made during the project can be achieved. Stakeholders are important to be satisfied by the project so that they can support in making the project successful and sustainable. Stakeholder mapping is a process in which all the stakeholders who are linked with the project are identified and visually represented on one map so that all the people who can influence the direction of the project can be represented(Bideci and Albayrak, 2018). In this report a feasibility study related to a project wherein a music festival is proposed to be implemented at AC-NMW which can help in creating a more dynamic and inclusive environment at the museum so that all the visitors can gain an idea about Welsh culture can be created is discussed. The stakeholders who will be affected by this project will be tourists, museum authority, government of Wales, Welsh community, press etc. It is important that these stakeholders are identified so that they can be influenced by the benefits of the project so that their support can be gained. The stakeholder mapping can thus help in identifying the people who can impact on the successful implementation of the project and achieving the objectives of the project. It will also help in managing their expectations in an efficient manner. Involving the stakeholders can also
help in gaining their insights on the project so that new ideas on how the project can be made better can also be achieved which will help in enhancing the quality of the project. There are various ways through which the stakeholders can be identified: Brainstorming: The potential stakeholders can be identified by the way of brainstorming so that the people who will be affected by the project can be identified and influenced so that they can support the sustainability of the project(Gómez-Zapata and Herrero-Prieto, 2018). Prioritization: It is important that the identified stakeholders are prioritized base on their level of influence and interest in the outcomes of the project so that efforts can be made on influencing the people who have great impact on the project. Stakeholder communication: It is important that effective communication with the stakeholders is done so that they can get an idea about the project and can help in making the project successful. The benefits of the project must be communicated to them so that they can understand about the importance of project like the music festival can help in creating a more dynamic, participative and inclusive museum culture which can help in spreading the awareness about the history and culture of Wales to its visitors in an efficient manner. It will also help in developing a unique experience so that more number of visitors can be attracted(Knudsen, 2016). Stakeholder analysis It is a process through which the stakeholders of the project can be categorised based on their level of participation, interest and interest in the project so that it can be identified that which stakeholders are of the highest priority for the success and sustainability of the project. The project in this report is related with implementation of music festival in AC-NMW will be done that can help in its re-development which makes it important that the stakeholders are identified so that their sentiments so not get hurt and also the ancient culture and history of Wales can be respected. Following are the ways in which the stakeholders can be analysed based on their level of interest and power on a project: High power, high interest: These are the stakeholders who are highly interested in the project and also have high power on the success of the project. These people must be highly engaged in the project so that they can be satisfied and their support can be gained like Welsh community and media(Jablonkowska, 2016).
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High power, low interest: These are the people who have high power on the project outcomes but are less interested in how it is being executed. These people must be kept satisfied but they must not be much involved in the project as they can become bored with the message like authorities of museum Low power, high interest: These are the people who are highly interested in the project but they do not have power over the project and so they must be communicated adequately so that their interest can be continued which can help in getting support from them like the visitors. Low power, low interest: These are the people who neither have power nor are interested in the outcomes of the project and so they can be kept adequately satisfied by the project but excessive communication can bore them like the people of other nations. Thus it is important that the stakeholder so identified are kept satisfied by the project so that they can be involved in making decisions that can help in gaining their support which is important for the success of the project. These stakeholders must be kept satisfied which can help in achieving the objectives of the project and also in attracting more number of visitors to AC- NMW. Market analysis Market analysis is related to assessing the market both qualitatively and quantitatively so that both the value and volume of market can be determined which can help in determining the feasibility of the project. It help in determining the ability of a project in gaining the desired objectives so that it can be determined of the project must be carried out or not. This will help in gaining information about the attractiveness of the project and its ability in being successful over a long period of time. The market analysis can help in determining the following information based on which the feasibility of the project can be determined: Market size: It is related with the size or the number of customers that are present in the market so that the feasibility of a project can be determined. In this project wherein re- development of the AC_NMW is done so that the museum can become more inclusive and create an engaging environment for the visitor so that the Welsh culture and history can be made understood to the tourist in an interesting manner. as music festival will be implemented in the museum it can help in attracting a large number of tourists from many places thereby increasing the market size of the museum(Franklin, 2016). This can
also help in generating more profit and also in spreading information about the culture of Wales. Growth rate of the market: As the tourism industry is increasing and the visitors are always looking for placers that can help in fascinating them along with increasing their knowledge the growth rate of market is high. The music festival implementation in AC- NMW can help in attraction a large number of tourist and help in the economic development of the region making this project feasible. The rate at which market is expanding affect the success of the project so it is important that the project is established at a place that has an expanding market. Market profitability: The profitability of the market can be determined by the number of customers that are available in the market which can help in increasing the profits of the business. Astourism industryisincreasingthe abilityof marketin growing and expanding is more that can help in generating huge profits through the project. The music festival in museum can help in attracting more number of tourist so it can be said that the profit of the project is more(Adelt, 2017). Key success factors: These are the factors that play an important role in the success of a project and must be considered so that the project can be made sustainable over a long period of time. The key success factors of the project are music events, sound system, visitors, media coverage, marketing etc. which can help in making the project highly successful and also in increasing the profits of the project. It is thus important that while implementing the project the success factors are present which can help in making the project successful and achieving the aims of the project and also in spreading the knowledge about the culture and history of the project. Distribution channels: These are the factors that help in determining the ease of conducting a business by having effective distribution channels so that customers can be reached easily and they can be provided with the goods and services on time. In this project the effectiveness with which marketing is done about the music festival will help in determining the success of the project. Use of advertisements on social media, TVs etc. can help in broadcasting about the project so that a large number of tourists can be attracted. Also having efficient transportation system, accommodation facilities, and recreational activities can help in making the project more successful(Bourne, 2016).
Forecasting factors that can affect the successful implementation of project It is important that the factors that can affect the effective implementation of the project are identified so that appropriate steps can be taken on the right time and in an effective manner which can help in minimising the negative impacts of these factors. These factors can pose a risk at the success and sustainability of the project and should be identified on time which can help in taking efficient measures. This will help in making the music festival at AC_NMW highly successful; and will contribute towards the economic development and also in spreading about the knowledge of history and culture of the project. Following are the factors that can be forecasted before starting the project so that it can be completed in an efficient manner and on time so that the objectives can be efficiently achieved: Clearly defining the objectives: It is important that the goals and objectives that are to be achieved by the project must be realistic and clearly defined so that all the team members can be efficiently involved in its completion. This help in completing the project on time and in an efficient manner(Knecht, Herber and Stephen, 2018). Designing a realistic budget and schedule: It is important that a realistic budget and time schedule is formed so that the costs can be apportioned amongst all the activities in an efficient manner so that each activity can be completed on time. Budget must be designed in such a manner so that all the activitiesv can be completed on time. Using a Gantt Chart can help in dividing time in an appropriate manner among all the activities so that they can be completed using sufficient time. Ensuring that the forecasting is driver-based: It means that the forecasting is done base on the factors that can help in analysing the drivers which influence in the completion of the project. This can help in analysing the impact of finances, risks etc. so that project can be strategically completed. This will help in making sure that the music festival at museum will be successful and help in attracting more number of tourists and help in making the AC-NMW a unique tourist spot. Increasing participation of all the members associated: All the stakeholder who are associated with the project must be included in the execution of the project so that an inclusive working environment can be created that can help in completion of the project ion time. It will also help in gaining the support of the stakeholders so that project can be made highly effective(Larondelle, Frantzeskaki and Haase, 2016).
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Analysing the risk factors: It is important that the risk factors which can negatively affect the success of the project are analysed so that effective actions can be taken that can help inminimisingtheserisks.Riskssuchasnotbeingabletogetpermissionfrom government, opposition by the media etc. are the risks that can affect the success of project. OBJECTIVE 2 PESTLE analysis of the new project Pestle analysis is a tool and a framework of management with the help of which the impact of various external factors can be identified on the strategies of the business its decision making. The success of the business is directly dependent upon the ability of to adapt the change that is taking place within the business environment. This tool is considered to be an effective tool for analysing the macroeconomic perception and to facilitate long term strategic planning. With this understanding of various factors such as political, economic, social, legal and environmental. Apart from this, themodel can be used by the organizations for gathering information about the client that concerns the external factors(Pérez-Gálvez, 2017). The musical festival attract a lot of people due to which the companies focuses upon organising such events but they are affected by various external factors as they have various adverse impact on the society and the environment. To support this project it is important to determine the impact of all such factors on the organisation of theevent of the musical festival by AC-NMW. This will ensure that all the planning and strategy are formulated well in advance so that any influence can be managed. Various external factor along with the extent along with their impact are given below: Political factors: In the political factors various influencers must be taken into consideration such as political stability, tax implications, policies of the government, trade agreements on a global level, various restrictions imposed on the engagement of the shareholders and many more. In UK the prevailing political conditions are stable due to political stability this has positive impact on the musical festival to be organised by AC-NMW because it is expected that they not bring any change in the policies in the near future. Also the live music act so imposed on the music event that are organised in open air has taken over the requirement of license which is also an opportunity for them to successfully organise the event. But to manage the local authority is must
in context of the noise pollution so created due to the event and this can affect the organisation of the event at a particular location(Gottfried, 2018). Economic factors: While considering the economic factor impact of various factors such as interest rate, inflation, cost of living in the economy, economic growth, exchange rate etc. must be considered as they have direct impact on the profitability of the organisation. The musical festivals are recreational activity due to which everyone shows their interest in taking part in such festivals. Due to this it does not have any impact of the economic recessions that may prevail as people save their money and spend on such events which also implies that they are not affected by the income level of the people in the economy.National Museum Waleshas opportunity to easily organise such an event as they do not have any significant impact of economic factors(Hunter, Reid and Boddy, 2018). Social factors: The impact of social factors is also very crucial to understand as the organisation ultimately aims to satisfy its customers. The factors includes lifestyle choices of the people, expectations, cultural norms, behaviour and attitude, level of education, demographics of the population, and many more. With the changing the preference of the people and the changing outlook towards life such events has positive impact of it. The people in UK are open to such activities due to which they take interest and with this AC-NMW can easily attract significant number of audiences to the event. But it is affected by the type of event that is being organised such as if the cultural or any folk festival will be organised then the number may not be large. This can affect the event and its success which is must for AC-NMW to take into consideration at the time of planning to organise the event(Jiang, 2018). Technological factors: Technological advancement has been emerging significantly which has a greater influence on each and every organisation as to ensure their survival they have to adopt newtechnologyandinnovation.Variousfactorsthatmustbeconsideredwhichinclude automation in the processes, new innovation in the techniques, change in the existing technology which has impact on the outcomes, emergence of artificial intelligence etc.The live events uses better technology due to which they must need to appoint such a company that can provide them better sound system and platform for the singers and musicians to show their talent. But this will adversely affect the availability of funds with the company. Due to thisNational Museum Wales must carry out the bidding process so that they can organise an event as per their requirement.
Legal factors: The legal factor includes the understanding of various laws and legislation on the operations as consideration of these factorscan lead to a reduction on its impact. Various legal consideration are in context of laws related to the license for organising the event which is not required to them as they have their own premises and this offers opportunity for them to organise the event. But the implications of the local bodies can affect the event. Environmental factors: With the increasing awareness among the people for the environment these factors have started affecting theoperations of the organisation. To determine the impact of such factors the impact of organisational activities on the environment must be analysed along with various environmental laws and regulations for protecting the environment. The waste that generate from the events must be managed and the resources of the environment must be managed in such a manner that it does not affects it adversely. For this theNational Museum Walesmust plan for the waste management and for this they can even launch the bid who can manage the use of the resources efficiently and to minimise the impact on the event on the environment(Bean, 2016). On the basis of this pestel analysis it is identified that most of the external factors are in favour of theAC-NMWfor organising the musical festival. Due to political stability in the country,thepoliticalfactorsdo nothaveanysignificantimpactsimilarlytheeconomic conditions prevailing in the country does not affect such an event because people prefer such event without considering their level of income whereas the social factor can influence the event because the perception,taste, and preference of the people depends upon the type of musical festival that has been organised. Also the technological factor has a significant impact on the musical festival to be organised by AC-NMWbecause with the changing technology it becomes important for them to provide better technological platform for the performers. This affect the cost of organising the event which has to be managed byAC-NMWso that they can organise a sustainable event(Achinas, 2019). SWOT analysis of the new project The study of SWOT is organised by the organisation for determining strength, weakness, opportunities and threats of various events that are organised along with various projects that are to be undertaken by them. With the help of this formulate various strategic plans by considering proper utilising their resources along with the strength and opportunities by minimising the impact of various threats and weaknesses. SWOT analysis is considered to be an appropriate
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method for analysing various situations and its impact on the activities related to that situation. Further it enables to determine various tactics that can help in taking competitive advantage by grabbing the opportunities with the help of strengths(Perera, 2017).Such analysis is organised forNational Museum Walesregarding the new project which is given below: Strengths:St Fagans is the place where the event is to be organized by theNational Museum Wales which isworld’s leading open–air museums and considered to the most visited heritage attracting of the Wales. Due to this it will be easy for them to attract a large number of audiences to attend the event. This will enable them to serve their purpose of creating a dynamic, participatory and inclusive museum. In addition to this the museum has been renovated due to which various additional features has been developed within the campus such as farmhouses,a row of ironworkers’ cottages, a medieval church, a Victorian school, a chapel and a splendid Workmen’s Institute. All has increased the ability to attract more and more people. This event of musical festival will enable them to gather people and to analyst the change that has taken place in the museum after the renovation(McCann, 2016). Weaknesses: For organising the events the funds are the most important requirement that has to be taken into consideration by the organisation. For organising this new event it is important for theNational Museum Wales to attract significant investors who can provide them the funds for organizing significantly such a large event. The museum is dependent upon the funds so provided by theHeritage Lottery Fund (HLF) and Welsh Government for managing the experience of the visitors to the place. But to support the new project various sources of funding must be identified. In addition to this they organise the traditional events and cultural events which may not attract the youth who are interested more rock music(Kumar, 2019). Opportunities: With the renovation so made the management has the opportunity to promote the place with the help of which they can attract the visitors across globe to the museum and this will enable them to organise more events on large scale. The musical event so planned to be organised will be covered by the media which will facilitate them to publish the news on various social media platform and with this they can create awareness about the aim and importance of the museum for understanding the culture of the Wales. In addition to this the new project has the opportunity to organise different types of musical festival so that they can attract different type of people with different taste to the place. Along with this the accommodation facilities can be provided to the guests in the farmhouses so constructed within the premises as this will enable
them to spend more time around the museum. With this they can understand the art and culture and this can open various opportunities for investment and others expansions which will has positive impact on both the museum and that to the national economy. Threats: The biggest threat that is associated with this new project includes that the cost that is involved in organising this event is high and if the project will not become successful then it can lead to financial losses and liability to the organisation. In addition to this the threat is of the lack of interest of the people in traditional activities and various implications on the events can affect the organisation of the musical event(Weber, 2017). On the basis of this it is identified that thewhile organising of musical festival by National Museum Wales has been various strength as with this they can contribute to the collection of the funds of the museum with the help of which they can contribute to the better living standard of the people of Wales by providing various opportunities to them. The weaknesses is related to the interest of the people in traditional and cultural activity due to the growing interest of the people in rock music. But with the renovation in the museum various opportunities have been offered to them which includes the school so developed, farmhouses etc. will enable them to attract visitors with accommodation facilities in the museum promises. In addition to this the threats that they have been facing are related with the shortage of funds organising the musical festival as it require a lot of funds which is not available with the museum. So to deal with this the National Museum Wales will go for bidding process which they can shift the responsibility unto others (Low, 2018). Programmes that are being run in the museum currently St Fagans is a renowned and open–air museums in which a large number of visitors visit as it is heritage attracting.To maintain this large number of changes has been introduced with the renovation so done with the aim of creating a dynamic, participatory and inclusive museum in which the tradition of Wales can be promoted. For this various new buildings are constructed within the premises so that collection can be increased significantly and that can be used for the betterment of the people of Wales and encouraging people to ensure their contribution in achieving their objective. This is because they will be unity for deeper engagement and to participate in various events that are been organised within the museum. Various programs that are organised which include workshops where craftsmen demonstrate their traditional skills, the clog makersand blacksmith demonstrate their abilities, the Weavers from the 18th century are
there demonstrating their woolen mill and also miller that is producing flour demonstrate their abilities(Garwood and Poole, 2018).With the help of these the visitors gain insight of various traditional activities as well as the cultural heritage of Wales. Along with these various traditional music and dance events are celebrated at St Fagans that let the people explore how people in Wales spend their lives, how do they work and what do they do in their leisure time. This Museum is also used for the shooting of various films such as various episodes of Dr. Who are filmed at the Museum and many more. The funding has been provided to the museum by The Heritage Lottery Fund as well as the Welsh government which is limited but is provided with him to transform the experience of the visitors. Strengths and weaknesses of current programmes In the museum various events are organised for promoting the place as well as for promoting the tradition and culture of Wales. This let the visitors know about the lavish life style of the city and various other related aspects. The SWOT analysis for the new project was done with the help of which the strengths, weaknesses, opportunities and threats can be identified. But for ensuring the improvement and for making the new project successful it is important to determine strengths and weaknesses of the current programs that has been organised within the premises of the museum(Meng and Boyd, 2017). Strengths: The strengths with the existing or current events that are taking place within the museum includes the workshops of various people such craftsman who demonstrate their traditional skills and the product so produced by them can be sold. This enables them to attract revenue for the resort as well as attracts the people who are interested in traditional and handwork. They have presently organising various events related to the cultural activities that take place in Wales. This is sufficient enough to the visitors to understand the culture and tradition of the place and with this they serve their purpose of promoting the culture of the destination. Weaknesses: The weaknesses of various activities that are being organised includes that the products so produced by the craftsman are quite costly as they are handmade as well as they have to recover the cost of demonstrating the skills within the premises, this leads to very sales.
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OBJECTIVE 3 Technical feasibility The term technical feasibility can be defines as a feasibility which is concerned with the internet and it provides specific equipment as well as software which is possible for ensuring better results that satisfy requirements of music festival. In the present scenario, technology is changing with rapid speed and for each activity it produce specific action that complete the whole set of activities in minimum time period with an effective approach. In this it is analysed thatwiththisparticularsituationmanagementconcernwithallofitsfeasibleaspects management is able to done different task at a similar time(Watson, McGowan and Cooper, 2016). Moreover, technology is also necessary for each activity that bring each action and complete in enhancing location that bring to work by accepting familiar aspects that enhances better possibility for working areas that bring possibility in completing work as per for making a music festival more success. St Fagans, National History Museum is one of our larger sites that is one of the major attraction for all tourist or visitor that visited wales. In context of management project it is identified that technology plays an essential role for all individuals as well as organisation which are engage in increasing efficiency for their work. Moreover, technical feasibility concept from point view of Wales is high because is a British country that is enrich in resource and individuals. This refers all technology tools and management aspects which exist in Wales and the respective museum are developed. Thus, all technical tools which are used in organising music festival are practical and feasible. Some technical phases that are included in music festival are mention as follow: Concept-The concept of music festival is to demonstrate those areas which represent history, culture and social value of Wales(Tipu, 2019). This is used to attract more tourist and aware them about the culture followed by organisation. Specifically,Welsh life and cultureis adopted by individuals of Wales. “Water colour or foundation show” in evening is conducted and organised through authorities of Museum to represent their culture. Infrastructure-One of the most important aspect for any event is the infrastructure and another is location that makes an event more successful. This also demonstrate that to arrange sitting arrangement for more number of individuals leads and helps people for
securing better position in market. From perspective ofThe St Fagans, National History Museum is one of our larger sites that also hold an open air theater. Therefore, infrastructure for music festival is already attractive. Fountain show requires an area of 500 m straight aspect so this is already provided by management. In context of managing event successful sound system of high quality and proper system of light must also be arranged for making the event more successful. Facilities-In present scenario, there are various task and operations relates with music festival(Thébaud, 2015). Check the number of participants, make of schedule, conduct meetings and make final decisions for time allocation as per each activity are key facility for making a successful music event. In context of technical feasibility project manager ensure data and information which is transferred must be accurate and organized. So the Welish life culture is represent in an accurate manner. Architecture and design-With validating and design of a structure that is managed by project must be performed as per schedule time and area. This refers with valid design and architecture that is specifically managed in open air area inside museum premises considers that all operations and functions are designed to conduct peer review for each action. The area designed for managementis used in considering functions that functionally area of 500 meter with equal length and width. Therefore, design of stage is formed in flower style that spread meaning of happiness from Wales. Information security-Safety of all individuals either they are participants or visitor must concern about their safety or protection(Stankov, Roganović and Marjanski-Lazić, 2015). Therefore, all teams arranged in project areas ensure that areas developed by teamsaresafeandproperlysecured.Technicalfeasibilitywhichisusedfrom information perspective is that identification of participant and visitor is digitally checked and it is also possible because government approved and record individual identify in their system. This results it is not possible individual to take unethical events in management time. Procurement-The term procurement is most useful for St Fagans, National History Museum and its stands to take practical and feasible action to complete each activity in an appropriate manner. According to the point of music festival this is used in managing and completing to check quality of equipment which is used by management under
music festival. In context of this operational and functional risk is also used by management that ensure culture of Wales and History of Museum is demonstrate properly it is because this spread wide knowledge about culture of a country. OBJECTIVE 4 Cost-benefit analysis The term cost-benefit analysis refers to a business process that is used for analysing and processing business decisions(Lázaro Esteban, 2016). This is used by organisation to analyse sum benefits for a particular situation as well as action and after that to subtract cost associate with actions that are performed by management in upcoming period.St Fagans, National History Museum is one of larger sites so the music festival which is performed by management also managed with analysis of particular value and cost. Some consultant is also build for managing business decisions by analyzing amount that is invested to organize music festival. Budget plays an important role for St Fagans, National History Museum in terms of calculation that evolve all activities which is performed in upcoming period. Moreover, with analysis of business area as per all activities of music festival require an estimated budget of 27,000 that is used for making less than6,000is to reconstruct land such as cleanliness, arrangement of chairs. On the other side, making schedule for developing average that defines Golden voice area to make regular purchase that define aspect of each ticket. 10,000 for providing fees or charge to celebrity and other participants that leads to gain long results and it also it is used in defining areas that concern to make results in make prime activities. 6,000 is also defined to make music festival analysis and undertake aspects that is offering primes activities(Hervert-Escobar, López-Ramos and Esquivel-Flores, 2016). These activities include sound system, arrangement of water, technical services and maintenance of open air place. In defines, management consider determine all areas in generating potential number of purchase that figures that is used for making better results in order to gain longer results. The total calculatecosttillonthreefigures23,000andtheremaining2,000fundsareusedin transportation service and other 2000 relates with managing uncertain or variable expense. The figures which are generated is beneficial for considering cost benefits as now St Fagans National History Museum charge fair for music festival use this aspects and calculate them that is using better results to calculate cost as per each ticket base.
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According to bases of this it is evaluated by management to complete all work in proper manner. With results as per cost benefit analysis it is demonstrate that tickets are divided into three different sections that are normal, medium and high. In the context of this figures the lower section ticket are 150 pound for each ticket and 350 for medium and VIP tickets will be available at an amount of 1000. This refers calculation among each section divides segment and with quantity perspective number of tickets are sold must be more than 5000 only at an average that calculate cost for organisation on each identity base. Music festival and museum both are two different perspective as one stand for entertainment purpose and another is used to enhance knowledge of visitor. With this management perspective also concern that its needs determine for reducing challenges which are raised because of changes in both of them. To overcome from this management match and recognize its needs and wants to select business steps wisely in order to make profits. Bidding The term bidding is used to sold the products which is offered by management to complete work in an accurate manner(Gately and Cunningham, 2014). There are various offering manage through completing work with motive of earning more income through bidding method. It is used in increasing prices by making auction. But, project manage and management team identified that it is useful for organisation that is used in upcoming future to reconstruct area of StFagans,NationalHistoryMuseum.Someaimsandobjectiveswhichisdefinedby management in upcoming future that consider areas are as follow: To evaluate all activities and needs of customers that concern for make long term results in determine areas of represent culture. An understanding of customer service and experience is used for identifying gaps to makeSt Fagans, National History Museum. With perspective of gain longer results English Wales and life culture. Last, is to provide historic knowledge with entertainment purpose through managing funds and completing work on organised basis. With the previous mention objective it is identified that bid must be completed by implementing right strategy for each firm. As per relationship aspects it is monitor that 80% constant rate and income with make of identifying areas in order to make understanding areas. This determines with right results and it is concern in making longer results on behalf of work that consider
strategic decision by post evaluating results. Special consideration also concern in making area to make evaluation of music festival and to complete all actions as per consideration for making action that concern and represent them for making bid as per achieving better results which provides value for obtaining more profits. In this customer also consider to generate and provide satisfaction activities from each area. In last, with customer journey map and model of competitor analysis leads in representing methods of managing culture. OBJECTIVE 5 Organisational feasibility Organisation feasibility analysis is conducted by management for determining all those aspects that provides better proposed business which is used for making better management expertise in order to achieve organisational goals and objectives as per desired results(Gabler and et. al., 2017). Along with this with consideration of launching business area on successful basis it is used for determining activities as per competence and resources that launch a business with motive of obtaining top position in market.St Fagans, National History Museum makes a feasible plan for organizing and managing a music festival with motive of gaining huge success in market. According to analysis of market needs and research identifies that project manager must also include principle areas and skills for business that make contribution among each activity for organizing a successful event. This refers with obtain of organizational competence and resources managers of a business are also able to report background information about principleandskillswhichisrequiredformusicfestival.Someexamplethatensure organizational feasibility and its needs are as follow: Business structure-The section of organisation feasibility start with phase that what structure is followed by business for completing their work in an appropriate manner. NarrativedescriptionforStFagans,NationalHistoryMuseumdefinesthatcharity corporation structure followed by business(Ferrari, Morone and Tartiu, 2016). It considers that all of the income and revenue is used to reconstruct museum and for welfare of society. Moreover, this structure is also beneficial for management because the main for business is to decide potential area through which culture and knowledge about country is provided.
Example- The aim of music festival is to represent enrich culture of Wales to attract more number of individuals towards destination of historic building of Wales. Organisational structure-It is one of the best way that is used by management for representing information about goals and objectives among all stakeholders. This refers that organizational chart undertake all essential information that is required to manage and operatesactioninupcomingfuture.Thisalsoundertakeskeypositionsaswellas subordinate position that transfer from top authorities to all other individuals. Scalar chain and line of command organizational structure is followed and implement by St Fagans, National History Museum and it is feasible because most of items stored in Museum are precious and belong too historic items. So each decision ensure that historic performance must not impacted. Internal operations-The main functions for each perspective that is leading business are based on principle and practices of management followed by Museum. According to this area organisation determines that with better interest of authorities in music festival better services are provided by management(Feenstra, 2014). This refers disciplined and regular interest provides financial aids for business that work as a senior post. It is also beneficial for management as it leads management and members of project to learn guidance from team authorities. Moreover, BBC also feature museum in the year 2015 due to which any unethical controversy generates issue on international level. Wales government also give rewards to Museum authorities. So as per this culture it is identified that hiring event organizer provides overall results and this it is used in making right and accurate results. Professional skill-The term professional skill undertakes those aspects which increases strength for business and make an event successful. In context of St Fagans, National History Museum it is identified with overview of all activities guide and individuals who are graduatedfromhistorycoursesworkasamostimportantindividualwhichtransfer knowledge from one generation to other generation and keep update individuals to follow and learn their culture and it is also feasible because many books are written about value and culture of British(Chanteux, and Niessen, 2015). Similarly, as per music festival it is also identified that organisation must manage light and sound system which recruit professional individual in making attachment and then list all principle with help of board members and
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directors. So both employee also able to make results that least in making principle which is used for reflecting principle of knowledge and then use them in music festival. Feasibility study for event-In the present scenario, it is identified that music festival consists of different task and operations which is performed through listing all activities as per decided description for each product and service. The data which is provided by management consists of various factors and this all are related with product and service area. Open area and location is perfect for music event and is also provide space for completing all activity and set of stage requirements. Another important value which is used from perspective of economic terms are cost and value that attain detail description about organizational policy related with budget. Ticket which is sold is also depend on economic aspects and it is leading management to decide place that generates potential number of investors. Moreover, feasibility consider to provide information about understanding aspect for making right and desired results. Both of the location and economic phase is feasible because as per location it is a place where more number of investor visit place(Burns and Dewhurst, 2016). In terms of economy the ticket of music festival consist of three different factors that is providing possibility to gather more crowd for make music festival successful. GANTT CHART A Gantt outline is a valuable graphical instrument which shows exercises or undertakings performed against time. It is otherwise called visual introduction of a venture where the exercises are separated and shown on a graph which makes it is straightforward and decipher. A Gantt diagram is a well known device that adopt bySt Fagans, National History Museumthe board. It fundamentally penetrates down exercises which should be finished by a fixed times pan. It is ordinarily utilized for following plans implemented by project manager.
On the diagram, undertakings are appeared on the vertical pivot while the planned time- spend is spread out for each activity. Each assignment is spoken to by a bar that shows the time required for the venture(Barrow, Barrow and Brown, 2015). The bar at that point speaks to or shows level of spending that have been finished. It additionally shows conditions, which essentially implies the link between different exercises in the undertaking. Understanding the interlinkage between exercises is imperative to screen and Gantt diagrams help the undertaking administrator to do only that. It passes on the data about the fruition of different exercises in the task. This data is significant as a result of the inter linkages between different exercises and on the off chance that one movement gets postponed it will affect others.
REFLECTION While carrying out the project initially i felt confused as there were many aspects of a project that are to be considered so that the project can be made successful and also it is important to consider all theses aspects within a certain period of time and budget. The project is very vast and also has a lot of scope for me and the museum which means that all the aspects needs to be considered so that the scopes can be met and benefits can be gained. This project has helped in my personal development as i was able to use various concepts that i have learned in my academics that has helped in completion of the project in an efficient manner and on time. It can also help in my professional development as i can get future projects that can help in developing my career option and also help me in getting large projects that can help me financially. The outcomes of the project can help in effective implementation of music festival in the AC_NMW that can help the museum in attracting a large number of tourists and also in making the location a unique spot for tourist attraction. It will also help in spreading the awareness of the history and culture of Wales and also in creating a dynamic, inclusive and engaged environment in the museum so that the experience of visitors can be enhanced so that they can feel refreshed while visiting the museum. Music festival also will help in making the environment of museum lively and enjoyable for the tourists so that more number of visitors can be attracted. After selecting the topic i felt confident and distributed all the components that were to be included in making the project successful as per time so that all the activities can be covered and each aspect can be covered in an efficient manner. This helped me in gaining a clear idea about the path that needed to be followed so that the project can be completed in an efficient manner. i also defined the objectives of the project by defining them clearly and precisely so that they can be achieved effectively. In order to achieve each and every objective i decided all the strategies that i will include so that the objectives can be effectively achieved. I had to work very hard while deciding the strategies that will be included while achieving an objective as i had to go through all the aspects in detail and determined their impact on the quality of the project. This took a lot of time and also i had to take guidance from my teachers and mentor so that they can guide me about the principles and practices that can be included. Among these strategies i had to evaluate each of them so that a best and effective strategy can be selected that can help me in gaining the objectives efficiently. As the project was based on a feasibility study it meant that i
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had to do market research so that the affect of my decisions can be studied on the complete project. The project also required the application of piratical approaches that can help in making the application of the project in the actual scenario. Also as the project was base on a museum it means that the project also carried the emotions of the people of Wales, their culture and history so that project had many sentimental feelings attached. This means that i had to choose each strategy in an effective manner so that the sentiments do not get hurt while applying the results of the project. I initially prepared an A3 report so that all the items that will be included while conducting the project can be covered in it which will help in giving a clear information about the steps that are to be involved in the complete research. This helped me in moving on with my research by considering all the steps so that effective results can be drawn and the conclusions can help in achieving the objectives well on time. I used various strategies during the project so thatanoverallfeasibilityanalysiscanbedonelikePESTLEanalysis,SWOTanalysis, stakeholder analysis, stakeholder mapping, market analysis, technological feasibility etc. so that the project can be made successful. All these strategies helped me in inclusion all the important processes that can help in improving the results so that the success and sustainability of the project can be increased. It also helped me in practically applying my academic knowledge in a real situation so that the ability of museum in increasing its attractiveness can be increased. While initiating this research i formulated clearly defined objectives and i was able to draw five objectives that helped me in covering all the important aspects of the project. These objectives helped in giving me proper directions that i could follow while completing the project so that the music festival can be successfully implemented in the museum that can help it in becoming unique site of attraction so that along with attracting more tourists it can also help in making the museum more inclusive, dynamic and participative so that social and inclusive museum spaces can be created. As St. Fagans is one of the world’s leading open-air museums and also Wales is most visited heritage attraction the project implementation was important so that the more number of tourists can be attracted and the history and culture of Wales can be made widespread. Visitors can be able to gain a deep insight about the rich heritage and culture of Wales and also Welsh language so that the importance of Wales as a tourist spot can be further increased. While carrying on the market analysis i found that the idea of implementing music festival in AC_NMW can help in increasing the profitability of the area and help in its
economic development as with the increase in tourism industry the number of visitors have increased which can help in making the project highly successful and sustainable. Evaluation Fromthisresearchvariousevaluationscanbemadeonmyabilityofeffectively performing a research project so that the objectives of research can be achieved in an efficient manner. I have effective research and interpretation skills that help me in conducting gthe research in an efficient manner and also give me confidence that the results that will be drawn by the research can help in providing various benefits for the company or the area on which research is conducted. However, during this research i found that as the project was complicated it also affected my ability in searching for correct sources that can be used to draw information required to conduct the research. Also i found it difficult to include many strategies all at once in a single research as the scope of the project was huge and it was essential that all the strategies are appropriately applied. During the research i also found it difficult in selecting proper models and approaches that should be applied so that all the five objectives set by me can be accomplished on time. I had to take guidance from my teachers and mentors so that research can be conducted in a particular direction and also in confirming the correctness of models which were chosen by me. During the biding of the project so that the tender of music festival can be given to the best stakeholder i experienced a lot of difficulties so that the interested stakeholders can be attracted and also they can be encouraged to bid for the project. It was also difficult for me to engage the interest of all the stakeholders so that their trust and support can be gained that can help in completion of the project on time. I also had to be clear while trusting the people around me while completing the research so that the facts and information can be prevented from getting stolen or misused thereby affecting the overall quality of the project. However, there were also many features that helped me during the project and helped in the completion of project on time. My research skill, confidence, analytical skills and hard work helped me in completing the project on time so that effective results can be drawn. My effective communication skills also helped me inefficiently completing the research on time as i was able to share the information among all the stakeholders in an effective manner. This also helped me in getting support from my team members and also from the government which allowed me to conduct the project and also analyse the outcomes so that the importance of music festival for
AC_NMW can be increased. I also was able to select all the models efficiently so that each objective can be achieved well on time and in an efficient manner. Analysis The areas where i need t make improvement so that future research projects can be efficiently completed is that i can improve my habit of procrastinating things which sometimes keep me away from achieving my goals on time. During the project i also faced various situations where i felt tensed and stressed and used to procrastinate things so that i could start afresh which could have delayed the project and affected the overall quality. Thus i need tio improve my stress management skills so that i can improve on completing the things at hand on time and not delaying them. also as i gave done previous researches the past experiences affected my ability on meeting the requirement of the client as i got distracted by my past researches. For example during arranging for bidding i based my results on preconceived ideas which affected my ability to select the most appropriate bidder for the project. During the project i also improve to use my skills on forming Gantt Chart so that all the activities can be allocated with appropriate time so that sufficient time can be given to each activity that can help in completing the research is an effective manner. I also can improve on using my skills efficiently in choosing the right kind of models in carrying out the research so that the trust of clients can be increased in my skills that can help me in getting more research projects in future. I also sometime got distracted while the project which means that i invested more time in certain areas while time was not sufficient for other areas and i had to reschedule the time frequently so that the research can be completed within the scheduled time and the decided budget. CONCLUSION I tried using my skills and knowledge while completing this project in an efficient manner so that the requirements of the client can be efficiently met and the result of the project can be effectively applied on AC_NMW so that music festival can be made successful in the museum. I also used various models and strategies so that the research project can be efficiently completed on time and within the stipulated budget and also can help in drawing conclusions that can be practically applied in museum. I used many sources so that i can collect authentic and reliable information from various sources that can help in making the quality of research high. I also used my management skills so that i could effectively manage the complete project and
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achieve my target on time. Thus i can improve certain areas and make my project management skills better so that i can complete the project in future in an efficient manner.
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