Training on Feasibility Studies: Preparation, Analysis & Evaluation

Course Overview 

In the business world, only one in fifty ideas are commercially viable. A Feasibility Study offers a systematic approach to assess the success potential of new business ventures, from major projects to launching new businesses. By understanding the technical, commercial, financial, and organizational viability of an idea, you can eliminate non-starters early, saving valuable resources. This course enhances your ability to identify challenges, risks, and opportunities, thus increasing the likelihood of project success and adding value to your organization.

Course Features

• Key Concepts: Understand the benefits of a Feasibility Study.
• Step-by-Step Approach: Learn to describe a business idea and assess its feasibility.
• Creating Reports: Develop comprehensive Feasibility Study reports.
• Risk Assessment: Evaluate the risks and challenges of new projects.
• Stakeholder Engagement: Gain support for new business ideas.

Training Objectives 

By the end of this course, participants will be able to:

• Understand Feasibility Studies: Recognize their essential role in business ventures.
• Conduct Feasibility Analysis: Apply a methodical approach confidently.
• Assess Viability: Evaluate technical, commercial, organizational, and financial feasibility.
• Engage Stakeholders: Create ownership for new business ideas.
• Pitch Effectively: Present engaging Feasibility Studies to enable informed business decisions.

Who Should Attend?

This course benefits anyone involved in Feasibility Studies, including those leading or delivering substantial projects such as new products, services, IT systems, or infrastructure. It's suitable for newcomers and seasoned managers who review studies for investment decisions. Ideal attendees include:

• Project Managers
• Project Planners
• Managers launching new products/services
• Senior Operations Managers
• Entrepreneurs launching new ventures

Course Outline

Module One: Introduction to Feasibility Studies

• Definitions, Principles, and Components
• Technical and Commercial Feasibility
• Organizational Feasibility

Module Two: Financial Feasibility

• Cost Estimation and ROI
• Capital Spending Plans and Cash Flow Forecasts

Module Three: Project Options and Risk Assessment

• Options Analysis and Risk Management
• Risk Response Planning

Module Four: Gaining Buy-In to Project Planning

• Developing Feasibility Reports
• Project Planning and Critical Path Analysis
• Preparing Business Plans

Module Five: Presenting a Business Idea

• Engaging Communication and Learning Cycles
• Pitching and Role Play Simulations

Certification

Upon successful completion, participants will receive the prestigious Uphilos Certificate. This certification recognizes your mastery in conducting comprehensive feasibility studies and your commitment to informed decision-making in business ventures.