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Training course overview
A well-researched and clearly presented Feasibility Study is essential for effective project selection, enabling organizations to make informed decisions about which projects to initiate or continue. It provides critical information regarding the organization’s capability to deliver the project, as well as its alignment with the organization's overall vision and mission.
This Coventry Academy training course covers the knowledge, skills, and competencies required to prepare a Feasibility Study, analyze its contents, and critically evaluate Feasibility Studies produced by colleagues and suppliers. Participants will learn how to assess the viability of projects and choose the most advantageous paths forward.
What are the goals?
This Coventry Academy training course enables attendees to:
- 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
Who is this training course for?
This Coventry Academy training course is suitable to a wide range of professionals, but will greatly benefit:
- Project Sponsors
- Project Managers
- Strategic Managers
- Procurement Managers
- Business Analysts
Course Outline
Day One: Introduction to Feasibility Studies
- What are feasibility studies and why are they important?
- Feasibility studies: definitions, principles and concepts
- Feasibility Study Components and Process
- Technical Feasibility
- Commercial Feasibility
- Organizational Feasibility – people, competence and resources
Day Two: Financial Feasibility
- Financial Feasibility – costs, return on investment
- Cost classification and estimation
- Non-Discounting Methods and Discounting Methods
- Prepare Your Capital Spending Plan
- Prepare Your Cash Flow Forecast
- Required Investment for Your Business
Day Three: Project Options and Risk Assessment
- Project requirements
- Performing an Options Analysis
- Option Generation and Selection
- Risk Management process and application
- Estimating Risk and Quantitative Risk Analysis
- Risk Response Planning
Day Four: Gaining Buy-In to Project Planning
- Components of a Feasibility Report
- Developing the Feasibility Report
- Project Planning
- Critical Path Analysis
- Tips to preparing an impactful Business Plan
- Preparing to pitch your business idea - facing ‘The Dragon’s Den’
- Case studies
Day Five: Presenting a Business Idea
- The characteristics of engaging communication
- Multiple Intelligences
- The Learning Cycle
- Lessons Learned and Personal Action Plan
- Pitching a Business Idea
- Simulation and role play
The certificate
- Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course
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