Introduction:
This course on Feasibility Studies enables professionals to assess the likely success of a proposed project before taking a decision to proceed. A well-executed feasibility study is an essential foundation for successful project definition and project management. It takes business development ideas through a process of analysis and evaluation to (a) select options for action and (b) reduce risk and forecast as accurately as possible the outcomes and impact of the selected options. A feasibility study is one of the key mechanisms that enable managers to align strategy and operations in achieving and sustaining superior performance.
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.
Course Objectives:
By the end of this training course, participants will be able to: