Preparation, Analysis and Evaluation of Feasibility Studies
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Preparation, Analysis and Evaluation of Feasibility Studies Course
Introduction:
Feasibility studies analyze factors that could impact the success of a potential project and evaluate the pros and cons of different options, enabling them to be ranked. The study culminates in a concise report that outlines the project's objectives, along with conclusions and recommendations for the subsequent phase.
Course Objectives:
By the end of the 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?
Preparation, Analysis and Evaluation of FEASIBILITY STUDIES training 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:
Introduction to Feasibility Study
- Methodology of feasibility study
- Understanding of the objectives of a feasibility study
- Distinguishing the difference between a business plan and feasibility study
- Understanding of the study cycle of a feasibility plan
- Steps for formation of a feasibility study
Components of a Feasibility Study
- Components of a feasibility study
- Format/outline of a feasibility study
- Report/case studies on effective feasibility studies
Types of Feasibility Studies
- Understanding of the market feasibility study
- Analyzing the market research data and sales research data
- Understanding of the financial feasibility study
- Analyzing and understanding of the concept of “Project costs”; “Direct and Indirect costs”; and “Ongoing costs”
- Understanding of the technical feasibility study
- Analyzing and understanding the critical technical questions.
- Concept of “Operations and Supply feasibility”
Parameters of a Feasibility Study
- Understanding the concept of “Liquidity ratios”
- Concept of “Operating ratios”
- Concept of “Financial Leverage ratio and Security ratios”
- Concept of “Internal rate of Return” (IRR)
- Concept of Payback period and “Net present value” (NPV)
- Concept of “Profitability ratios and Profitability Index”
Implementation of a Feasibility Study
- Evaluation of a feasibility study
- Analyzing the mistakes in a feasibility study
- Training on working a feasibility study on Microsoft Excel
- Review on the feasibility study and recommendations
- Implementing the proposed recommendation