Intorduction

This course provides professionals a firm basis to determine whether the project has sufficient merit to continue into more detailed phase. This is achieved by means of a feasibility study. A well-developed feasibility study is an essential foundation to allow project analysis and design activities to commence in a focused manner. It either refines a business case by examining the range of possible options and potential issues or forms a basis for its development.

Feasibility studies address issues that could influence the success of a potential project and assess the advantages and disadvantages of each option so they can be ranked. The end product of the study is a clear, concise report which presents the proposed project’s objectives, with conclusions and recommendations for the next phase.

This course will feature:

What is a feasibility study
When is a feasibility study used
How to develop a feasibility study
How to critically analyse a feasibility study
Application of project management skills and techniques

Objectives

Employ individual leadership performance by identifying methods of completing feasibility studies
Discover effective project planning for feasibility studies for individuals and teams
Examine project management techniques to plan and organize feasibility studies
Use stakeholder management to involve stakeholders in feasibility studies
Apply useful planning, organization and people management skills

Content

Day One

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 Two

Considering the Options

Distinguishing between needs and wants
Performing an options analysis
Creative thinking and problem solving
Consideration of the risks and opportunities

Day Three

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 Four

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 Five

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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