Feasibility Studies - Evaluation, Preparation and Analysis Course

Course Overview:

The Feasibility Studies – Evaluation, Preparation and Analysis course introduces the participants to the methods and procedures of conducting and analyzing feasibility studies. Once finished, the participants will be able to appraise the significance of feasibility studies, tell the difference between them and business plans and even articulate the different types of feasibility studies including several types of financial modeling.

This course uses some methodologies for creating feasibility studies using Microsoft Excel, performing sensitivity analysis and testing different assumptions to enhance project plans. Participants will then be trained on how to design good reports, risk management and evaluation and analysis of financial and non-financial factors.

The target participants for the course are management professionals who are in charge of the appraisal of the feasibility studies or their preparation and formulation of recommendations to the top management.

Course Objectives:

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

• Understand the importance of a feasibility study
• Set up and analyze feasibility studies.
• Compare feasibility study to business plan
• Understand the elements of the feasibility study
• Understand the types of feasibility studies conducted
• Understand the financial model’s feasibility study
• Develop and create a report for a feasibility study
• Importance of interpersonal relationships 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 for 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 where they are required to review, analyze, 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

see more: Finance for Non-Finance Managers Course