Feasibility Studies Preparation, Analysis & Evaluation
Course Description
COURSE DESCRIPTION
Why Choose this Training Course?
This project management course provides professionals a firm basis to determine whether the project has sufficient merit to continue into more detailed phase. This is achieved by means of a feasibility study. 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.
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.
This training course will feature
- What is a feasibility study?
- When is a feasibility study used?
- How to develop a feasibility study
- How to critically analyses a feasibility study
- Application of project management skills and techniques
Who is this Training Course for?
This 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 OUTLINE
- Introductions, course purpose, goals and objectives
- What are 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
- Distinguishing between needs and wants
- Performing an options analysis
- Creative thinking and problem solving
- Consideration of the risks and opportunities
- 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
- Determining the most feasible option
- Financial analysis techniques
- Non-discounting methods
- Discounting methods
- Net Present Value, Internal Rate of Return
- 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
Terms & Conditions
- The course will be held at a predetermined venue.
- A deposit is required at the time of booking for individual attendance.
- Any remaining balance is due before the course begins.