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Feasibility study for new project/Product Development

weekend

Eligibility: Any finance professional

Duration: 75 Hrs

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Course Summary

This course is designed for anyone involved with projects, business ventures or new business ideas. If you need to understand how to streamline the process of evaluating a feasibility study’s outcomes to aid towards solid decision-making, you will benefit from attending. You will learn to apply a feasibility study to projects both as a resource for time management and as part of your business model to consistently improve decision-making, by ranking concurrent projects in a clear and objective manner. Those who are in positions where they are required to review feasibility studies for further corporate decision-making will benefit from the presentation of business process methods, based on agile and lean theories as additional resources together with traditional business plan modelling.

Course Content:

·         Understanding the Difference between a Strategic Plan and a Business Plan

·         Business Analysis and Strategic Planning

·         Integrated Strategic and Business Planning

·         Business Planning Objectives

·         Framing the Business Value Proposition

·         Framing Your Vision, Mission and Strategy

·         The Business Planning Process and the Important Stages

·         Business Planning Process Map

·         Difference between a Feasibility Study and a Business Plan

·         Differences between Conducting a Feasibility Study and Writing a Business Plan

·         What are feasibility studies and why are they important?

·         Feasibility Studies: Definitions, Principles and Concepts

·         Identifying Where a Feasibility Study Occurs in a Business Plan

·         Creating and Protecting ‘Value’

·         Understanding the Business Need

·         Distinguishing between Needs and Wants

·         Performing an Options Analysis

·         Creative Thinking and Problem Solving

·         Consideration of the Risks and Opportunities

·         The Risk Management Process and Application

·         Identifying and Assessing the Risks of the Preferred Option

·         Identifying and Managing Key Stakeholders

·         Establishing the Cost Estimate

·         Determining the Most Feasible Option

·         Financial Analysis Techniques

·         Developing the Feasibility Report

·         Understand the Characteristics of Proper Communication

·         Identifying How Interpersonal Relationships Ensure Successful Feasibility Studies

·         Developing Robust Strategic Thinking Skills

·         Relating the Study to Corporate Objectives and Strategy

·         Developing the Right Structure to Take the Feasibility Study to the Business Planning Stage

·         Why should you develop a business plan?

·         The Business Plan Process and the Key Elements of a Business Plan

·         Using Traditional and Non-traditional Metrics to Measure Business Performance

·         How to Challenge Current Processes and Look for a Culture of Continuous Improvement

·         Translating an Inspired Idea into a Robust Business Plan

·         Implementing the Plan and Measuring Success

·         Evaluating and Evolving the Business Plan against the Feasibility Study

·         Reviewing and Evaluating Progress vs. Plan

Intec and advantage from the course :

·         Understand how to effectively place feasibility studies within your project life cycles.

·         Prepare and analyse feasibility studies.

·         Evaluate different models for the best fit to plan and execute feasibility studies.

·         Define risks and constraints as early as possible to carefully deal with them. 

·         Learn how to involve stakeholders in the process of your feasibility study.

·         Perform best/worst case scenario analysis to improve plans and forecasting. 

·         Work efficiently within a team with a focus on leadership, engagement and ownership

·         Apply your newly acquired knowledge to outline an array of options to conduct consistent.

·         Evaluate a feasibility study from someone else to objectively underline merits and shortcomings.

·         Identify key arguments, and effectively discuss and sustain assumptions.

·         Present ideas in a simple yet effective, convincing and organised manner