This week we are entering into domain 4 which is Feasibility studies !! =D Feasibility studies is evaluation and analysis of a proposed project which is based on investigation and research to support the process of decision making and determine the potential of the project. We were required to shortlist our 10 alpha concepts into 5 alpha concepts and then determine the potential of the product in terms of the processing part and the product formulation part.
Each concept was analysed thoroughly and based on the feedback from the consumer, we are able to shortlist 5 concept and conduct research on each of them to figure out the need of adding technical or functional ingredients, the cost of the ingredient and the equipment for processing. We need to consider about the challenge we foresee and figure out a solution to solve the issue. Based on the research we done, we have to conclude the feasibility study with a percentage success of the product. product with a lower chance of success rate is not advisable to produce as it may induce a high wastage cost and unnecessary time consumed.
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After this, we were required to conduct domain 5 which is consumer acceptance whereby we were required to find a few people with experience related to food product to give opinion and suggestion on the product and the acceptability of the product based on their professional opinions. In domain 4, i further enhance my thinking and problem solving skills as i am able to list out the foresee challenges during the production of dumpling and come out with a few solution that is able to minimize the disadvantages. I also enhance my skills in terms of lifelong learning as i am able to extract information from the online source and use it as a reference during the feasibility studies.
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