This Workshop on Feasibility Studies equips professionals with the skills to evaluate the potential success of a proposed project before making the decision to proceed. A well-prepared feasibility study serves as the essential foundation for effective project definition and project management.
The process takes business development ideas through structured analysis and evaluation to:
(a) identify the most suitable options for action, and
(b) minimise risk while forecasting the outcomes and impact of the chosen options as accurately as possible.
A feasibility study is a critical tool for managers to align strategy with operations, ensuring the achievement and sustainability of superior performance.
This Energy Training Centre workshop will cover:
- Definition of a Feasibility Study and Best Practice Techniques
- How to Use a Feasibility Study
- How to Structure and Plan a Feasibility Study
- The Role of a Feasibility Study in a Business Plan
- How to Execute a Feasibility Study
By the end of this workshop, participants will be able to:
- Integrate feasibility studies into business plans
- Lead and manage the process of developing feasibility studies
- Engage and motivate teams to conduct feasibility studies
- Apply both analytical and creative thinking to feasibility studies
- Monitor and evaluate the effectiveness of feasibility studies
This highly interactive The Energy Training Centre Workshop on Feasibility Studies uses proven adult learning techniques to maximise understanding, retention, and practical application. Learning methods will include:
- Introduction to key tools and techniques for feasibility analysis
- Case studies showcasing main challenges and practical solutions
- Group work on targeted issues and scenarios
- Discussions addressing specific in-company concerns
- Development of a personal action plan for each participant
- Throughout the workshop, the facilitator will share real-life examples and situations drawn from personal professional experience to enhance learning and relevance.
This Workshop on Feasibility Studies is designed for a wide range of experienced project or business managers and team leaders. It will greatly benefit the following:
- Operations and Logistics Planners
- Business Development Specialists
- Accounting and Financial Managers
- Human Resource Managers
- Engineering, Scientific and Administrative Specialists
Day One: Planning a Feasibility Study
- Clarifying the purpose of a Feasibility Study
- Aligning a Feasibility Study with the Business Plan
- Discussion – The Characteristics and Objectives of a Feasibility Study
- Structuring the Process – timings, milestones, evaluation
- Identifying, Assessing and Managing Risk in the Process
- Discussion - A real-life example of a Feasibility Study
Day Two: Executing a Feasibility Study
- Securing the required resources for the Feasibility Study
- Financial and Non-financial Dimensions of the Activity
- Discussion of Practical Example
Day Three: Executing a Feasibility Study (Continuation)
- Evaluating the outputs of the Feasibility Study
- Using the Feasibility Study to reach a go/no go decision
- Discussion - Delegates’ Action Plans for Applying the Workshop Learning