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Feasibility Studies and Business Planning Training Course » ISC17

Feasibility Studies and Business Planning Training Course

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16 Dec - 27 Dec, 2024Live Online10 Days£3400Register →
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06 Jan - 08 Jan, 2025Kuala Lumpur3 Days£3175Register →
24 Feb - 07 Mar, 2025Amsterdam10 Days£8550Register →
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07 Apr - 25 Apr, 2025Dubai15 Days£10400Register →
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01 Dec - 05 Dec, 2025Vienna5 Days£4450Register →

Why select this training course?

A feasibility study is a vital method to safeguard against the wastage of scarce resources and investments. By implementing feasibility studies, companies can lower the risks of building unpopular and impractical projects. A feasibility study is conventionally carried out before writing a business plan and serves as a blueprint or roadmap for the business.

What are the benefits of feasibility studies?

A feasibility study evaluates the practicality of a proposed business plan or project. It analyses a project’s viability and merits to determine its success and shortcomings. There are several benefits associated with feasibility studies, including assisting project managers in determining a project’s likely pros and cons before conducting investments. It also offers the management team vital data that could prevent them from venturing into risky business enterprises. Feasibility studies allow organisations with new business development plans to discern their mode of operation, potential obstacles, amount of resources and finances needed, and market analysis.

What are the differences between feasibility studies and business planning?

Feasibility studies and business planning are two related concepts that share various similarities. Both are conducted before the commencement of a business and include inputs from various departments and persons with different skills. However, despite their numerous similarities, both concepts are however different:

  1. Feasibility studies aim to determine the potential merits or disadvantages of going into a business venture or project
  2. Feasibility studies are research projects, while business plans are future projections about a business
  3. Feasibility studies are traditionally more expensive to conduct than business planning

The Rcademy Feasibility Studies and Business Planning Training Course is specially designed to assist participants in getting involved in creating practical ideas that can be translated to commercial success. The course covers the various techniques for conducting feasibility studies, the types of feasibility studies, and how to deploy a feasibility study. Participants will also learn the fundamentals of a business plan, the relationship between feasibility studies and business planning, and how to integrate a feasibility study into a business plan. Focus is also given to use cases for feasibility studies, how to evaluate a feasibility study and business plans and how to develop objectives for a business plan.

Who Should Attend?

The following personnel should attend The Feasibility Studies and Business Planning Training Course by Rcademy:

  • Project managers: tasked with planning and allocating project resources, supervising project progress, and reporting to relevant stakeholders
  • Change managers: responsible for supervising and overseeing changes in organisational processes, job rules, structures, technology, and systems
  • Company directors: tasked with overseeing the management of a company, its financial operations, investments, and ventures
  • Business analysts: tasked with conducting market analyses, evaluating product lines and the profitability of a business enterprise
  • Chief Executive Officers: responsible for overseeing the administration of a corporate entity
  • Executive Directors: charged with developing and executing strategies aimed at improving an organisation’s mission goal
  • HR professionals: responsible for supervising all aspects of the employment process, training and orientating new staff
  • Asset Managers: responsible for managing the assets of a company and also executing programs that raise the value of a company’s assets
  • Functional managers: tasked with monitoring the daily operations of the organisation’s unit, providing directions to staff, and executing company procedures
  • Financial analysts: charged with evaluating the financial reports and statements of a company and making future economic predictions
  • Management accountants: responsible for recording and analysing data, assisting companies in selecting investments, budgeting, and decision-making
  • Operations managers: tasked with monitoring the operational activities of each level of an organisation
  • Financial Auditors: entrusted with analysing financial statements, papers, data, and accounting entries for the company
  • Risk managers: responsible for reviewing and evaluating risk management protocols and policies, making recommendations, and working on improvements
  • Individuals interested in learning about the basics of a feasibility study and business planning

What are the course objectives?

The Feasibility Studies and Business Planning Training Course by Rcademy is aimed at assisting participants in achieving the following objectives:

  • Understand the rudiments of feasibility studies and business planning and how to integrate feasibility into a business plan
  • Learn about the relationship, similarities, and differences between business planning and feasibility study
  • Recognise the core elements of business planning and feasibility studies
  • Learn about the tools, techniques, processes, ad models of feasibility studies and business planning
  • Learn how to conduct an effective and robust feasibility study
  • Understand the importance of feasibility studies and the types of feasibility studies
  • Learn how to establish objectives for a business plan
  • Recognise the various problems and challenges associated with a feasibility study and how to overcome them

How will this course be presented?

The content of this course is designed to meet the expectations of participants and enhance their knowledge and understanding; it is participant-oriented. Several effective methodologies and techniques ensure active and constant learning by attendees are utilised in thoroughly delivering this course. Seasoned experts who teach this course in the field have gathered years of experience and practice. The modules that make up the course are curated from extensive and in-depth research related to the subject matter.

The Rcademy Feasibility Studies and Business Planning Training Course consists of theory and practical learning by providing slides on the concepts, case studies, lecture notes, and real-life scenarios. Attendees will also participate in seminar workshops, quizzes, presentations, and regular feedback on lessons learned to confirm their optimum satisfaction.

What are the topics covered in this course?

Module 1: Introduction to Feasibility Studies

  • Overview and definition of terms
  • Importance of feasibility studies
  • Principles of a feasibility study
  • Types of feasibility studies
  • The cycle of feasibility
  • Objectives and concepts related to the feasibility study
  • Risks and opportunities related to feasibility studies
  • Preparing for feasibility
  • Recognising options for feasibility analysis
  • Problem-solving and creative thinking feasibility analysis

Module 2: Elements of Feasibility Study

  • Marketing feasibility
    – Sales projection analysis
    Market research and analysis
    – Market research data types
  • Organisational feasibility
  • Financial Feasibility
    – Indirect costs
    – Project costs
    – Ongoing costs
  • Technical feasibility
    – Operational feasibility
    – Critical feasibility
    – Supply feasibility

Module 3: Fundamentals of Business Planning

  • The business planning process map
  • Types of business planning
  • Relationship, similarities, and differences between feasibility studies and business planning
  • Business planning objectives
  • Strategic planning and business analysis
  • Framing the business value proposition
  • Business planning and integrated strategic
  • The business planning process and key stages
  • Setting your strategy, mission, and vision

Module 4: Financial Models and Accounting Models of Feasibility

  • Cost of equity
  • Financial analysis methods
  • Weighted Average Cost of Capital (WACC)
  • Discounting methods
  • Capital Asset Pricing Model (CAPM)
  • Internal rate of return
  • Unlevered Free Cash Flow (UFCF)
  • Net present value
  • Non-discounting methods
  • The terminal value of the project
  • Developing a financial model for a feasibility study

Module 5: Planning a Feasibility Study

  • Understanding the business need
  • Stakeholder engagement
  • The workings of a feasibility study
  • Creating and protecting the value
  • Recognising where feasibility study takes place in a business plan
  • The steps involved in feasibility studies

Module 6: Considering Risks and Options Involved

  • Establishing cost estimate
  • Creative thinking and problem-solving
  • Performing an options analysis
  • The risk management process and application
  • Differentiating between wants and needs
  • Recognising and evaluating the risks of a preferred option
  • Recognising and managing vital stakeholders

Module 7: The Strategic Context of Business Decisions

  • Business direction
  • The strategic context for business plans and feasibility studies
  • Alignment with mission and vision
  • Key trends and driving forces
  • Value proposition
  • SWOT analysis
  • Five forces analysis
  • Competitor analysis
  • PESTEL analysis
  • Contents of a business plan
  • Vital business areas and critical success factors

Module 8: Engaging with Stakeholders and Preparing the Report

  • Developing a feasibility study report
  • Relating the study to corporate strategy and objectives
  • Financial analysis techniques
  • Designing robust strategic thinking skills
  • Stakeholder presentation
  • Designing the correct structure to take the feasibility study to the stage of business planning
  • Identifying the features of proper communication

Module 9: Recognising and Assessing Available Alternatives

  • Choosing the preferred option
  • Understanding stakeholders
    – Criteria for option analysis
    – Needs analysis
  • Scenario and sensitivity analysis
  • Risk management considerations

Module 10: Designing an Effective Business Plan and Business Planning Tools

  • Transforming an inspiring concept into a business plan
  • Components of the business plan
  • The business planning process
  • Global trends
  • Importance of a business plan
  • Identifying a culture of continuous improvements
  • Traditional and non-traditional metrics of business plan measurement
  • Evaluating a business plan against a feasibility study

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