Accounting, Finance and Budgeting

Feasibility Studies - Evaluation, Preparation and Analysis

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Feasibility Studies - Evaluation, Preparation and Analysis Course

Introduction:

Feasibility studies aim to address key factors that can impact the success of a potential project by evaluating the pros and cons of each option and ranking them accordingly. The study culminates in a concise and comprehensive report that outlines the project's objectives, along with conclusions and recommendations for the next phase.

A feasibility study is instrumental in helping organizations determine whether the ideas or projects under consideration are worth investing their time, money, energy, and effort. It serves as a crucial foundation for focused project analysis and design activities.

A well-executed feasibility study provides the necessary groundwork for project analysis and design activities to proceed in a targeted manner. It either refines an existing business case by exploring various options and potential challenges or serves as the basis for developing a new business case.

This Feasibility course equips participants with the essential business skills required to conduct a thorough feasibility study. It enables participants to identify the strengths and challenges their companies may encounter at any stage of a business or project, allowing them to take timely actions and ensure the success of their organization's blueprint.

Course Objectives:

At the end of this Feasibility Studies - Evaluation, Preparation and Analysis Course, participants will be able to:

Understand the importance of feasibility study
Setup and analyze 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.
Analyze someone else’s feasibility study and find its advantages and shortcomings.

Who Should Attend?

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

Course Outlines:

Planning a Feasibility Study

Introductions, course purpose, goals and objectives
What are the feasibility studies and why are they important?
Feasibility studies: definitions, principles and concepts
Identifying where a feasibility study occurs in a project plan
Creating and protecting ‘value’
Understanding the business need

Considering the Options

Distinguishing between needs and wants
Performing an options analysis
Creative thinking and problem solving
Consideration of the risks and opportunities

The Risk Assessment

The risk management process and application
Identifying and assessing the risks of the preferred option
Identifying and managing key stakeholders
Establishing the cost estimate
Contingency determination

The Feasibility Assessment and Evaluation

Determining the most feasible option
Financial analysis techniques
Non-discounting methods
Discounting methods
Net Present Value, Internal Rate of Return

Preparing the Report

Developing the feasibility report
Understand the characteristics of proper communication
Identifying how interpersonal relationships ensure successful feasibility studies
Real case feasibility study review and analysis
Summary, key messages and learning outcomes

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