Feasibility studies address issues that could influence the success of a potential project and assess the advantages and disadvantages of each option so they can be ranked. The end product of the study is a clear, concise report which presents the proposed project’s objectives, with conclusions and recommendations for the next phase
The feasibility study helps the organisations to understand if the ideas or projects being considered for investment are worth investing time, money, energy, and effort. A well-developed feasibility study lays the foundation for project analysis and design activities in a focused manner.
A well-developed feasibility study is an essential foundation to allow project analysis and design activities to commence in a focused manner. It either refines a business case by examining the range of possible options and potential issues or forms a basis for its development.
This course on Feasibility will include the business skills necessary for conducting a feasibility study. This will also uncover the strengths and challenges your company might face at any stage of the business or project timely, and thus, ensure the success of your organisation’s blueprint.
By the end of the Feasibility Studies - Evaluation, Preparation and Analysis Course, participants will be able to:
- Understand the importance of feasibility study
- Setup and analyse feasibility studies.
- Compare feasibility study to business plan
- Understand the elements of the feasibility study
- Understand the types of a feasibility study conducted
- Understand the financial model’s feasibility study
- Develop and create a report for a feasibility study
- Importance of interpersonal relationship in conducting a feasibility study
- Identify important theories and effectively explore the various assumptions.
- Present thoughts in a simple, effective, clear and objective manner.
- establish the feasibility study financial model using Microsoft Excel.
- Run models and sensitivity analysis to improve plans and projections.
- Analyse someone else’s feasibility study and find its advantages and shortcomings.
This Feasibility Studies - Evaluation, Preparation and Analysis Course is suitable to a wide range of management professionals but will greatly benefit:
- Those who desire to learn practical project management techniques of a feasibility study that will assist them in completing work and projects
- Those who may also be a in position whereby they are required to review, analyses and make recommendations to Senior Management on the quality of a previously developed feasibility study
