The Feasibility Study Methodology

Course overview

Do you and your group have a ton of project and business ideas but are unsure which to select? Do you and your group wish to select the most promising project or company idea that adds value?

The feasibility study aids organizations in determining whether the concepts or initiatives under consideration for funding are worthwhile expenditures of time, money, resources, and labor. A strong feasibility study establishes the groundwork for targeted project analysis and design activities.

Organizations can determine if a project they are considering will succeed or fail by looking ahead at potential obstacles and options.

Training Bee’ Feasibility Study course will cover the business skills required to carry out a feasibility study. This will guarantee the success of your organization’s blueprint by revealing the advantages and disadvantages your business may encounter at any point of the project or business cycle.

Introduction

It is the goal of the “Feasibility Study Course: Preparation, Analysis, and Evaluation” to provide learners with the fundamental abilities and understanding needed to carry out exhaustive feasibility studies for projects, commercial endeavors, and strategic initiatives. This extensive course explores every stage of the feasibility study lifecycle, from planning to analysis and assessment at the end.

A combination of lectures, case studies, group discussions, and hands-on activities may be used to present the course. To promote a hands-on learning experience, participants will be able to apply theoretical principles to real-world circumstances.

After completing the Feasibility Study Course, participants will have the abilities and know-how required to carry out thorough feasibility studies, support well-informed decision-making, and improve the outcomes of projects and commercial endeavors.

We are The Training Bee, a global training and education firm providing services in many countries. We are specialized in capacity building and talent development solutions for individuals and organizations, with our highly customized programs and training sessions.

Learning Objectives

Upon completing Feasibility Study Course: Preparation, Analysis and Evaluation, participants will be able to:

• Recognize the significance of the feasibility study
• Examine the company plan and the feasibility study.
• Recognize the components of the feasibility analysis.
• Recognize the many kinds of feasibility studies that are done.
• Comprehend the feasibility study of the financial model.
• Construct and produce a feasibility study report.
• Interpersonal relationships are crucial when carrying out a feasibility study.

Our Unique Training Methodology

This interactive course comprises the following training methods:

• Journaling – This consists of setting a timer and letting your thoughts flow, unedited and unscripted recording events, ideas, and thoughts over a while, related to the topic.
• Social learning – Information and expertise exchanged amongst peers via computer-based technologies and interactive conversations including Blogging, instant messaging, and forums for debate in groups.
• Project-based learning
• Mind mapping and brainstorming – A session will be carried out between participants to uncover unique ideas, thoughts, and opinions having a quality discussion.
• Interactive sessions – The course will use informative lectures to introduce key concepts and theories related to the topic.
• Presentations – Participants will be presented with multimedia tools such as videos and graphics to enhance learning. These will be delivered engagingly and interactively.

Training Medium

This Feasibility Study Course: Preparation, Analysis and Evaluation training is designed in a way that it can be delivered face-to-face and virtually.

Course Duration

This training is versatile in its delivery. The training can be delivered as a full-fledged 40-hour training program or a 15- hours crash course covering 5 hours of content each day over 3 days

Pre-course Assessment

Before you enroll in this course all we wanted to know is your exact mindset and your way of thinking.
For that, we have designed this questionnaire attached below.

• If a feasibility study were conducted in the context of project or company management, how would you define it?
• What is, in your opinion, the main goal of carrying out a feasibility study?
• Why is it crucial to carry out a feasibility analysis before to starting a project or company?
• Do you know about the several forms of feasibility (technical, economic, and operational) that are commonly evaluated in a feasibility study?
• What role does each kind of feasibility, in your opinion, play in decision-making?
• Have you previously participated in or reviewed feasibility studies?
• What difficulties or accomplishments have you had in relation to feasibility studies?

In what way would you go about carrying out a market analysis as a feasibility study component?

Course Modules

This Feasibility Study Course: Preparation, Analysis and Evaluation covers the following topics for understanding the essentials of the Agile Workplace:

Module 1 – INTRODUCTION

• Definition and Significance of Studies of Feasibility
• The concept, goals, and guiding principles of feasibility studies
• Feasibility analysis for initiatives and businesses
• The Feasibility Cycle
• How should one get ready for feasibility?

Module 2 – CHOICES TO BE THOUGHT OF

• Does one need or desire feasibility?
• Selecting the options for the study of feasibility
• Feasibility analysis and innovative problem-solving
• Potential hazards and advantage

Module 3 – A Study’s Feasibility Components

• Organizational Viability
• Viability of marketing
• Practicality from a technical standpoint
• Affordability

Module 4 – IDENTIFICATION, EVALUATION, AND ASSESSMENT OF FEASIBILITY

• The Application and Risk Management Process
• Determine, assess, and identify the preferable option’s risk.
• Recognizing and controlling the major players
• Calculating the price
• Establishing a backup plan

Module 5 – ASSESSMENT TECHNIQUES AND FINANCIAL FEASIBILITY MODELS

• Non-Deductible Techniques
• Methods of Discounting
• Present Value of Net
• Return on Internal Capital
• Developing the feasibility study’s financial model

Module 6 – COMPILATION OF THE FEASIBILITY STUDY REPORT

• Establishing and refining the feasibility report structure
• Interpersonal relationships’ impact on ensuring the success of the feasibility study
• Making a business idea pitch
• Individualized Action Plan

Post-course Assessment

Participants need to complete an assessment post-course completion so our mentors will get to know their understanding of the course. A mentor will also have interrogative conversations with participants and provide valuable feedback.

• After completing the training, how have you used the knowledge you learned to conduct or assess feasibility studies?
• How has the course enhanced your capacity to draw well-informed conclusions from feasibility study results?
• Have there been instances where the knowledge gained from the course immediately aided in making better decisions?
• How, after finishing the course, has your comprehension of market analysis improved?
• Could you give an example of when you used the market analysis techniques you acquired in the course to successfully?
• Have you become more adept at deciphering financial data and determining whether a project or business is financially feasible?
• Could you give an example of a particular financial statistic or indicator that you are now more adept at using?

Lessons Learned

Entire Feasibility Evaluation: A comprehensive analysis of multiple factors, such as technological, financial, operational, and legal implications, is part of a feasibility study. For the purpose of making informed judgments, participants should comprehend the significance of a thorough examination.

Factor Interconnectedness: A project’s or business venture’s success is frequently dependent on a number of interrelated elements. When assessing the overall feasibility of a project, participants should be aware of how market dynamics, financial viability, and operational feasibility are interconnected.

Making Decisions Based on Data: The significance of considering facts and evidence when making decisions is emphasized throughout the course. When assessing a project’s viability, participants should give priority to a data-driven methodology, using both quantitative and qualitative evidence to bolster their judgments.

Strategies for Mitigating Risk: A project’s risks must be identified and mitigated, and this requires feasibility studies. It should have become clear to participants how critical it is to proactively manage risks and create plans for successfully navigating uncertainties.

Complete Stakeholder Involvement: Stakeholder participation is essential to the success of the feasibility study process. The importance of including stakeholders at different phases, taking into account their viewpoints, and incorporating their comments into decision-making should be understood by participants.

Alignment on a strategic level: A feasibility study must to be in line with the organization’s overarching strategic objectives. Participants must to be prepared to make sure that the organization’s goals and mission are furthered by feasibility evaluations.