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Course details
Overview
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.
Objective
By the end of this courseparticipants will be able 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 planningorganization and people management skills
Who Should Attend
Those who desire to learn practical project management techniques of a feasibility study that will assist them in completing work and projects
Those who may also be a in position whereby they are required to review, analyse and make recommendations to Senior Management on the quality of a previously developed feasibility study
Course Outlines
Day One
Planning a Feasibility Study
Introductions course purpose goals and objectives
What are feasibility studies and why are they important?
Feasibility studies: definitions principles and concepts
Identifying where a feasibility study occurs in a project plan
Creating and protecting 'value'
Understanding the business need
Day Two
Considering the Options
Distinguishing between needs and wants
Performing an options analysis
Creative thinking and problem solving
Consideration of the risks and opportunities
Day Three
The Risk Assessment
The risk management process and application
Identifying and assessing the risks of the preferred option
Identifying and managing key stakeholders
Establishing the cost estimate
Contingency determination
Day Four
The Feasibility Assessment and Evaluation
Determining the most feasible option
Financial analysis techniques
Non discounting methods
Discounting methods
Net Present Value Internal Rate of Return
Day Five
Preparing the Report
Developing the feasibility report
Understand the characteristics of proper communication
Identifying how interpersonal relationships ensure successful feasibility studies
Real case feasibility study review and analysis
Summary key messages and learning outcomes
Job roles this course is suitable for:
ManagerAbout London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
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- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
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At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
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We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
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