Business Feasibility and Viability Appraisal strategies

By the end of this training course, participants will be able to:

• Appreciate the essential role played by Feasibility Studies
• Confidently apply a methodical approach to conducting Feasibility Analysis
• Assess Technical, Commercial, Organizational and Financial feasibility
• Engage and involve key stakeholders to create ownership for new business ideas
• Create and ‘pitch’ comprehensive and engaging Feasibility Studies to senior stakeholders to enable effective business decisions

CONTENT:

Introduction to Feasibility Studies

• Introduction and course purpose
• What are feasibility studies and why are they important?
• Feasibility studies: definitions, principles and concepts
• Feasibility Study Components and Process
• Technical Feasibility
• Commercial Feasibility

Organizational and Financial Feasibility

• Organizational Feasibility – people, competence and resources
• Financial Feasibility – costs, return on investment
• Cost classification and estimation
• Non-Discounting Methods and Discounting Methods
• The Financial Plan
• Tangible and intangible costs and benefits

Project Options and Risk Assessment

• Project requirements
• Performing an Options Analysis
• Option Generation and Selection
• Risk Management process and application
• Estimating Risk and Quantitative Risk Analysis
• Risk Response Planning

Gaining Buy-In to Business Options

• Identifying and managing key stakeholders 
• Determining the most feasible option
• Project Planning
• Critical Path Analysis
• Components of a Feasibility Report
• Preparing to pitch your business idea - facing ‘The Dragon’s Den’

Presenting a Business Idea

• Developing the Feasibility Report 
• The characteristics of engaging communication
• Multiple Intelligences
• The Learning Cycle
• Pitching a Business Idea
• Lessons Learned and Personal Action Plan

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.