Course Overview
A well-prepared feasibility study is the backbone of any successful project. It helps decision-makers determine whether an idea is viable before committing time, money, and resources. Without it, organisations risk pursuing projects that may not deliver value or may fail due to overlooked constraints.
The Feasibility Study & Project Evaluation programme by Transformentors Academy is designed to equip participants with the knowledge and practical skills required to develop, analyse, and evaluate feasibility studies effectively. The course focuses on enabling participants to independently conduct feasibility assessments in a structured, efficient, and professional manner.
Key Learning Focus Areas
- Understanding what a feasibility study is and its importance in project planning
- Identifying when and where feasibility studies should be applied
- Learning step-by-step methods to prepare a comprehensive feasibility study
- Conducting critical analysis to evaluate feasibility study outcomes
- Applying project management tools and techniques within feasibility assessments
This programme provides a practical framework for analysing project viability, supporting informed decision-making, and ensuring that projects are aligned with strategic and financial objectives.
Agenda
Day — 1 Planning a Feasibility Study
- Introduction to the course: purpose, goals, and learning objectives
- Understanding what feasibility studies are and why they are critical
- Exploring key definitions, principles, and core concepts of feasibility studies
- Identifying where feasibility studies fit within the overall project lifecycle
- Understanding how feasibility studies help create and protect project value
- Analysing and defining the underlying business need
Day — 2 Considering the Options
- Distinguishing clearly between needs and wants in project evaluation
- Performing structured options analysis to compare alternative solutions
- Applying creative thinking and problem-solving techniques
- Evaluating risks and opportunities associated with each option
Day — 3 Risk Assessment
- Understanding the risk management process and its application in feasibility studies
- Identifying and assessing risks associated with the preferred project option
- Managing key stakeholders and their impact on project risk
- Developing accurate cost estimates for project evaluation
- Determining appropriate contingencies to manage uncertainty
Day — 4 The Feasibility Assessment & Evaluation
- Determining the most feasible option based on financial and strategic analysis
- Applying key financial analysis techniques in project evaluation
- Understanding methods that ignore the time value of money:
- Payback Period
- Accounting Rate of Return (ARR)
- Applying discounting techniques to account for the time value of money
- Net Present Value
- Interpreting Internal Rate of Return (IRR) for project selection and comparison
Day — 5 Preparing the Report
- Developing a clear and structured feasibility study report
- Understanding the characteristics of effective communication in reporting
- Recognising the role of interpersonal relationships in ensuring successful feasibility studies
- Reviewing and analysing real-world feasibility study cases
- Summarising key insights, messages, and learning outcomes
Learning Outcomes
By attending the Feasibility Study & Project Evaluation programme, participants will be able to:
- Assess leadership performance in managing and completing feasibility studies
- Apply effective project planning techniques for feasibility studies at both individual and team levels
- Use project management tools and methodologies to plan and organise feasibility assessments
- Engage and manage stakeholders effectively throughout the feasibility study process
- Apply planning, organising, and people management skills to ensure successful project evaluation
Who Should Attend
This Economic Feasibility Analysis in Projects programme is ideal for professionals involved in financial analysis, project evaluation, and feasibility studies, including:
- Financial Managers and Finance Executives
- Institutional Investment Managers
- Financial Reporting Specialists
- Accountants, Project Managers, and Budget Analysts
- Professionals responsible for preparing and analysing feasibility studies