Comprehensive Program on Feasibility Study for Projects
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Comprehensive Program on Feasibility Study for Projects Course
Introduction:
In this course, we will explore the concept of feasibility studies and their significance in project evaluation. We will begin by understanding how to define feasibility studies and the importance of studying markets to assess the potential success of a project. We will then delve into the considerations of social and national profitability, examining how projects can contribute to the welfare of the society and the nation as a whole.
Next, we will focus on conducting a comprehensive marketing study, which involves analyzing market trends, consumer behavior, and competition. We will also examine the technical aspects of a project, conducting a thorough technical study to assess its feasibility and determine the necessary requirements for implementation.
Moving on, we will explore the financial study and profit analysis for the project. This involves evaluating the financial viability, estimating costs, projecting revenues, and analyzing potential profits. We will learn various techniques and methodologies for conducting a comprehensive financial analysis.
Lastly, we will introduce the Computer Model for Feasibility Analysis and Reporting (COMFAR), a specialized program developed by UNIDO specifically for feasibility studies. We will explore how this tool can enhance the accuracy and efficiency of conducting feasibility studies.
By the end of this course, participants will have a strong understanding of feasibility studies, the different components involved, and how to effectively utilize the COMFAR program to conduct detailed and robust feasibility analyses.
Course Objectives:
This package is designed to enable trainees to:
- Achieve a wise investment decision from the individual and social perspectives.
- Select investment projects with the highest possible net profit.
- Help economic policymakers in developing countries to evaluate available investment opportunities.
- Obtain appropriate licenses and approvals.
- Applying all above with COMFAR III Software
Who Should Attend?
- This course is targeted at Governmental employees.
- Managers and heads of departments.
- Financial, operations, and planning specialists.
- Business owners and/ or new investors.
Course Outlines:
- Introduction to feasibility studies
- Applicable rules and regulation
- Areas of feasibility studies
- Difference between pre‐feasibility and detailed studies
- Social, cultural, religious and location study
- (Marketing study)
- Segmenting the market
- Studying the potential market and the potential demand
- Potential demand indicators
- Estimation of the demand gap
- Estimation of the implicit demand gap
- Other indicators of potential market
- Projection of market demand
- Simple linear regression
- Quadratic linear regression
- Estimation of demand for a new product
- Estimation of demand changes caused by population changes
- Estimation of demand changes caused by income changes
- Estimation of demand changes caused by price changes
- Estimation of demand changes caused by advertising changes
- (Case study applied)
- (Technical/Engineering study)
- Natural environment
- Technical know how selection scheme
- Project flow chart and process mapping
- Final output specifications
- Equipment’s and accessories costing center
- Manpower costing center
- Material costing center
- Utilities and consumables
- Project life cycle
- Location calculation scheme for every cost center
- Project time plan (implementation scheduling)
(Financial study)
- Investment profitability analysis
- Simple rate of return
- Pay‐back period
- Financial analysis
- Net present value (NPV)
- Internal rate of return (IRR)
- Financial appraisal of the project
- Full detailed case study and exercise on cost estimation, financial projections, Breakeven/sensitivity, and IRR calculation.
- The use of Computer Model for Feasibility Analysis and Reporting (COMFAR), a feasibility studies’ program developed by the UNIDO