INTRODUCTION
A feasibility study is a kind of enterprise analysis. It gives the investors an idea of the possibility to processed in a proposed project or withholding the idea. It is an analysis of the current mode of operation, a definition of requirements, an evaluation of alternatives. This course teaches participants how to conduct a feasibility analysis step-by-step. It covers a detailed and clear explanation of how to reach information and put it into a formal report.
PROGRAM OBJECTIVES
- Introducing feasibility study in business analysis
- Understanding the components of a feasibility study
- Understanding the market needs
- Analyzing threats and opportunities
- Creating the feasibility study report
WHO SHOULD ATTEND?
- Operations managers
- Marketing and business planning specialists
- Human resource specialists
- Financial analysts and management accountants
- Systems analysts and business process designers
- Change management specialists
PROGRAM OUTLINE
Definition of feasibility study
Who needs the Feasibility Study: Organizational and stakeholders’ needs?
The purpose of conducting Feasibility Studies
The scope of business analysis
Feasibility study vs. business plan
Who needs the Feasibility Study: Organizational and stakeholders’ needs?
The purpose of conducting Feasibility Studies
The scope of business analysis
Feasibility study vs. business plan
- The elements of a good feasibility study report
- Project description / definition
- The “big picture" complete with challenges, alternatives, competitors, consequences
- Requirements
- Executive summary
- Creative thinking in business analysis
- Steps of conducting feasibility study
- Conduct a preliminary analysis
- Risk analysis
- Prepare a projected income statement
- Profit projections
- Start-up costs
- Working capital
- Sales forecasts
- Hiring a lawyer or an accountant
- Conduct a Market Survey
- Size of your market
- Demand for product or service
- Customer’s willingness to pay
- Growth or decline period
- Competitors
- Plan Business Organization and Operations
- Operational issues: suppliers, repairs, staff, licenses or permits
- Creating a feasibility study report
- Evaluating the study
