Project Feasibility Studies

Course details

The most important step of any new project regardless of itssize, is the one you take even before you begin. In today'sbusiness environment, feasibility studies are strategicdocuments prepared and executed by managers who focus onthe best resource allocations and aim at consistently deliveringprojects on target.

A feasibility study evaluates the practicability of a project, abusiness venture or idea. The principal function is to find out ifthe project will go ahead or not. Feasibility studies are strategicfor a number of reasons. They evaluate your project fromdifferent points of view, to cover all the key aspects that youmust carefully consider before moving forward and committingtime and resources. They provide an improved understanding ofthe project itself and contribute to make potential issues andrisks surface at an early stage before any damage has beendone. From the financial point of view, they underline the impacton cash flow and the requirement for funding, and highlight theburden on current resources and the need for additionalresources that you need to secure for your project to succeed.Whatever the industry or market, the pressure on timing is everincreasing, therefore by establishing a policy for feasibilitystudies you will be able to help improve business performance inthe long term and streamline your focus on the most promisingprojects. Due to the discussions of different theories and casestudies you will explore at the course, you will return to yourworkplace with highly relevant skills and the knowledge todetermine and work through the process of a feasibility study inyour business environment.