Course Description
Investing in projects is a crucial decision that requires robust Project Management to ensure that the investment achieves its maximum potential. The Project Formulation and Feasibility Studies Analysis Course examines how the Feasibility Study and Project Planning Processes create a solid foundation for successful project implementation and the realization of benefits for both the organization and key stakeholders. In the first module, we will explore how to establish technical, commercial, financial, and organizational feasibility. The second module will then focus on effective planning for each critical element of the project.
This Project Formulation and Feasibility Studies Analysis training course will feature:
The benefits of undertaking a feasibility study
How to conduct a feasibility study
The Principles and Performance Domains for effective Project Management
Project Initiation processes and creating the Project Management Plan
Planning processes for Scope, Quality, Risk, Schedule, Cost, Resource, Communication, Stakeholder and Procurement Management
What you will achieve
training course, participants will be able to:
- By the end of this
- Project Formulation and Feasibility Studies Analysis
- Explain the essential value of Feasibility Studies
- Conduct and present a Feasibility Study
- Engage effectively with Project Stakeholders
- Create a Project Charter
- Create a Project Management Plan
- Carry out Project Planning Processes
How the course is delivered
This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course focuses strongly on interactivity and practical exercises. Short presentations are combined with extensive discussions, relevant videos, team activities and case study exercises. Examples from the delegates own organizations are used to bring training to life and to ground it in reality.
Designed for
This training course is suitable to a wide range of professionals but will greatly benefit:
- Project Managers
- Project Planners
- Managers responsible for launching new products and services
- Senior operations managers
Daily programme
- What feasibility studies are and why they matter
- Definitions, principles and concepts
- Where feasibility fits in the project lifecycle
- Common causes of failure
- Feasibility study components
- The study process end to end
- Terms of reference and scoping
- Data requirements and sources
- Technical feasibility assessment
- Technology selection and maturity
- Site, infrastructure and utilities
- Technical risk
- Commercial feasibility
- Market analysis and demand assessment
- Competitive position and pricing
- Revenue modelling
- Organisational feasibility
- People, competence and resources
- Delivery capability
- Stakeholders and approvals
- Cost classification and estimation
- Capital and operating costs
- Estimating accuracy and classes
- Contingency and allowances
- Financial feasibility fundamentals
- Costs and return on investment
- Non-discounting methods
- Payback and accounting rate of return
- Discounting methods
- Net present value and IRR
- Discount rate selection
- Interpreting financial indicators
- Preparing the capital spending plan
- Preparing the cash flow forecast
- Required investment and funding
- Financing structures
- Project requirements and options analysis
- Performing an options analysis
- Risk assessment and sensitivity
- Decision, recommendation and workshop
Certification & accreditation
BII Certificate of Completion
BII Certificate of Completion Upon successful completion, participants receive a BII Development Institute Certificate of Completion with a unique reference code that is independently verifiable. Our certificates are recognised internationally and reflect successful completion of your chosen programme.
