Workshop on Feasibility Studies

Introduction

This Workshop on Feasibility Studies enables professionals to assess the likely success of a proposed project before taking a decision to proceed.  A well-executed feasibility study is an essential foundation for successful project definition and project management.  It takes business development ideas through a process of analysis and evaluation to (a) select options for action and (b) reduce risk and forecast as accurately as possible the outcomes and impact of the selected options.  A feasibility study is one of the key mechanisms that enable managers to align strategy and operations in achieving and sustaining superior performance.

This GLOMACS workshop will feature the following topics:

• 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

Objectives

By the end of this workshop, participants will be able to do the following:

• Incorporate feasibility studies in business plans
• Lead and manage the process of completing feasibility studies
• Engage and motivate teams to conduct feasibility studies
• Apply rigorous analytical and creative thinking in feasibility studies
• Monitor the effectiveness of feasibility studies

Training Methodology

This highly interactive GLOMACS Workshop on Feasibility Studies will use a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. These include the following:

• Introduction to the main tools and techniques of feasibility analysis
• Case examples of the main challenges and their solutions
• Group work on specific issues and situations
• Discussion of specific in-company issues
• Preparation of a personal action plan for each delegate

In addition, the workshop leader will illustrate the discussions with real-life examples and situations in which he has been personally involved.