Feasibility studies address concerns that affect the success of brand-new jobs and analyze the benefits and disadvantages of several options so they can be placed as well as prioritised. The end product of a feasibility study is a clear, succinct report which provides the suggested job's purposes, with conclusions and suggestions for the following phase. In this training course, we provide participants with clear standards on what a useful research study should consist of and exactly how to perform one. Whether you intend to select a specialist team to embark on an expediency study or do one yourself, this course will certainly guide you through every action and provide you with the self-confidence to handle or execute the process effectively.

Course Goals of Usefulness Research Studies and Business Planning

• Establish the affiliation between feasibility studies, service plans, as well as firm strategy
• Understand the procedure of conducting a robust and vibrant feasibility research
• Create, implement as well as assess a feasibility research
• Determine troubles and also possibilities within a service as well as specify successful results
• Set organization planning goals
• Integrating expediency studies within a robust service strategy

Day 1
Business Planning

• Understanding the Difference between a Strategic Plan and a Business Plan

• Business Analysis and Strategic Planning

• Integrated Strategic and Business Planning

• Business Planning Objectives

• Framing the Business Value Proposition

• Framing Your Vision, Mission, and Strategy

• The Business Planning Process and the Important Stages

• Business Planning Process Map

Day 2
Planning a Feasibility Study

• Difference between a Feasibility Study and a Business Plan

• Differences between Conducting a Feasibility Study and Writing a Business Plan

• What are feasibility studies and why are they important?

• Feasibility Studies: Definitions, Principles, and Concepts

• Identifying Where a Feasibility Study Occurs in a Business Plan

• Creating and Protecting 'Value'

• Understanding the Business Need

Day 3
Considering the Options and the Risks Involved

• 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

Day 4
Preparing the Report and Engaging the Various Stakeholders

• Determining the Most Feasible Option

• Financial Analysis Techniques

• Developing the Feasibility Report

• Understand the Characteristics of Proper Communication

• Identifying How Interpersonal Relationships Ensure Successful Feasibility Studies

• Developing Robust Strategic Thinking Skills

• Relating the Study to Corporate Objectives and Strategy

• Developing the Right Structure to Take the Feasibility Study to the Business Planning Stage

Day 5
Creating a Robust Business Plan and Business Planning Tools

• Why you should develop a business plan?

• The Business Plan Process and the Key Elements of a Business Plan

• Using Traditional and Non-traditional Metrics to Measure Business Performance

• How to Challenge Current Processes and Look for a Culture of Continuous Improvement

• Translating an Inspired Idea into a Robust Business Plan

• Implementing the Plan and Measuring Success

• Evaluating and Evolving the Business Plan against the Feasibility Study

• Reviewing and Evaluating Progress vs. Plan