SUBJECT: ENGINEERING ENTERPRENEURSHIP

Question No.1) Prepare a Feasibility Analysis for Smart waste management system Business Idea(IOT Based Home Automation) using the Appendix given Question No.2) Write a concept statement and short survey associated with concepts statement for your product(IOT Based Home Automation)?

IOT Based Home Automation:

Introduction:

The project includes many modern technologies. The combination of IOT and Arduino gives birth to solution of many basic problems. The main aim of this project is to control the home appliances (Light, Fan, Motor) through IOT. It is a very convenient system for users since it allows them to easily control and monitor these appliances from anywhere Through Wi-Fi. The system works in the following manner, the signal sent by user through mobile Application is received by the Node MCU and then sent to the appropriate relay to control the appliance.

Appendix:

Appendix : Table 3.1 FEASIBILITY ANALYSIS Part 1: Product/Service Feasibility A. Product/Service desirability B. Product/service demand Part 2: Industry/Target Market Feasibility A. Industry attractiveness B. Target market attractiveness Part 3: Organizational Feasibility A. Management prowess B. Resource sufficiency Part 4: Financial Feasibility A. Total start-up cash needed B. Financial performance of similar businesses c. Overall financial attractiveness of the proposed venture Overall Assessment