Usefulness research studies address concerns that might influence a potential project's success and also analyse each alternative's advantages and drawbacks so they can be placed. The end item of the study is a clear, concise report which presents the proposed project's goals, with conclusions and suggestions for the next stage.

Training Course Objectives of Feasibility Studies: Prep Work, Evaluation and also Evaluation

• Utilize individual management efficiency by determining techniques for completing feasibility research studies
• Discover reliable job planning for expediency studies for individuals and also teams
• Take a look at project management methods to prepare as well as organize expediency research
• Use stakeholder monitoring to include stakeholders in feasibility studies
• Apply valuable preparation, organization and individuals administration abilities

Day 1
Planning a Feasibility Study

• 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

Day 2
Considering the Options

• Distinguishing between needs and wants

• Performing an options analysis

• Creative thinking and problem solving

• Consideration of the risks and opportunities

Day 3
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

Day 4
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

Day 5
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