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