Feasibility Studies- Preparation, Analysis and Evaluation


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Course overview

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

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