Feasibility study is an important tool in investment decision making to achieve business objectives and hitting targets. It is an analysis that takes into account all of a project’s relevant factors including marketing, technical, legal, economic, financial, and scheduling considerations to ascertain the likelihood of completing the project successfully. This course will give participants the skills they need to prepare a comprehensive financial feasibility study. This will then allow better-informed and more effective decision-making. This course provides a thorough grounding in how to create measure and implement a financial feasibility study. Participants will address the key strategic, planning and budgetary issues for implementing a successful financial feasibility study to have the opportunity to review the initial stages of their own plans using their own real data.
• Project Management Professionals
• Operations Managers
• Marketing and Business Planners
• Human Resource
• Financial Analysts
• Management Accountants
• Systems Analysts
• Business Process Designers
• Change Management people.
To enhance the participants’ competency necessary to understand how to conduct and report feasibility study for any project.
By the end of this course, participant will be able to:
• Execute an effective feasibility study prior to making a major decision.
• Prepare Marketing feasibility.
• Prepare technical feasibility.
• Prepare economic and commercial feasibility
• Prepare financial feasibility.
• Reporting the results of the study linking feasibility studies to the strategic plan of the organization
1. Introduction, Scope and Basic Concept of Feasibility
• The Meaning of Feasibility
• Difference between Feasibility Study and Business Plan
• Why are feasibility studies important?
• Guidelines on Designing a Feasibility Study
• How to Link a Feasibility Study with Your Business Plan
• Monitoring Outcomes and Learning to Improve
• Case Study for Group Work
2. The Technical Dimension of Analysis
• Assessing the Balance of the Proposed Activity with Current Capabilities
• Quantifying the Resource Gap and Planning to Deal with this Gap
• Case Example for Analysis and Discussion
• Technological Change and the Risk of Product or Process Substitution
• Feasibility Studies as Sources of Ideas for Innovation
• Case Example for Analysis and Discussion
• Case Study for Group Work
3. The Economic and Commercial Dimension of Analysis
• Impact of the Proposed Venture on Base-load Business
• Analysis of the Life Cycle of the Venture and Assessment of Sustainability
• Feasible Innovations and their Impact on the Business Model
• Resourcing and Directing Additional Marketing Activity
• Analysing and Dealing with Tariff and Quota Questions
• Feasibility Issues in Managing Cross-cultural Integration
4. The Financial Dimension of Analysis
• Critical Appraisal – Risk Adjusted DCF and NPV Considerations
• Evaluation of Alternative Mechanisms for Securing Finance
• Forecasting and Financial Sensitivity Analysis
• Financial Evaluation – Additionality, Displacement, Opportunity Cost
• The Choice and the Decision – Accept, Modify / Reconsider, Reject
• Budgeting and Its Role in Feasibility Analysis
5. Leadership and Management in Feasibility Analysis
• Designing and Writing the Feasibility Report
• Appointing and Empowering the Project Leaders
• Identifying and Engaging All Stakeholders
• Presenting the Feasibility Report – Internally and Externally
• Gaining Top Management Support and Project Visibility
• Action Plan for the Next Stage
• Summary and Overview
