A robust **Feasibility Study** is the critical first step for any strategic investment, determining whether a proposed project is viable, practical, and justified. This comprehensive course equips participants with the analytical and documentation skills to thoroughly prepare, analyze, and evaluate potential projects before significant capital is committed. The training covers technical, economic, legal, operational, and scheduling feasibility, culminating in a clear recommendation on whether to proceed. Mastery of this process ensures that organizations invest in only the most promising and strategically aligned opportunities, maximizing return on investment and minimizing risk.
Feasibility Studies: Preparation, Analysis & Evaluation
Project and Program Management
October 25, 2025
Introduction
Objectives
Upon completion of this course, participants will be able to:
- Master the structure and essential components of a comprehensive, high-quality **Feasibility Study** report.
- Conduct a rigorous **Market and Economic Feasibility Analysis**, including demand and revenue projections.
- Evaluate **Technical Feasibility**, assessing the availability of necessary technology, skills, and infrastructure.
- Analyze **Operational and Schedule Feasibility**, determining if the project can be executed within organizational constraints.
- Apply key financial metrics, including **Net Present Value (NPV)** and **Internal Rate of Return (IRR)**, for evaluation.
- Identify and assess major legal, environmental, and regulatory risks associated with the proposed project.
- Synthesize findings from all analysis areas into a clear, evidence-based Go/No-Go recommendation.
- Develop a concise **Executive Summary** that frames the business problem and justifies the final recommendation.
Target Audience
- Business Analysts and Strategy Professionals
- Project Managers involved in the initiation and justification phase
- Financial Analysts and Investment Decision Makers
- Senior Leaders and Executive Sponsors evaluating strategic initiatives
- Consultants preparing proposals for clients
Methodology
- Group Workshop: Conducting a Mini-Feasibility Study (TELOS analysis) for a sample proposal
- Individual Exercises: Calculating NPV and IRR for project scenarios and performing a basic sensitivity analysis
- Case Studies: Analyzing successful and failed projects based on the rigor of the initial feasibility study
- Workshop: Structuring and drafting the Executive Summary of a Feasibility Report
- Discussions: Strategies for managing stakeholder pressure during the feasibility assessment phase
Personal Impact
- Mastery of rigorous analytical and financial modeling skills for project justification.
- Increased credibility in strategic decision-making and project initiation.
- Enhanced ability to critically evaluate and challenge proposed organizational investments.
- Development of a clear, structured approach to comprehensive pre-project analysis.
- A foundational skill for career progression into strategic business analysis or portfolio management.
Organizational Impact
- Significant reduction in capital investment in non-viable, high-risk, or poorly aligned projects.
- Maximization of return on investment (ROI) by prioritizing the most promising opportunities.
- Improved resource utilization by only committing to projects with validated feasibility.
- Standardization of the front-end project selection and justification process.
- Better risk management through early identification of economic, technical, and regulatory barriers.
Course Outline
Unit 1: Feasibility Study Fundamentals and Planning
Purpose and Scope- Defining the purpose and value of a feasibility study in the project lifecycle (pre-initiation).
- Mastering the structure and contents of a typical feasibility study report.
- Defining the **Scope and Objectives** of the study and the necessary data collection plan.
- Distinguishing between a feasibility study, a business case, and a project charter.
- Evaluating **Technical Feasibility**: required technology, infrastructure, and resource availability.
- Assessing **Operational Feasibility**: alignment with organizational goals and current business processes.
- Analyzing **Schedule Feasibility**: high-level estimation of effort and time constraints.
- Conducting a preliminary **Risk and Dependency Analysis** related to technical and operational aspects.
- Techniques for developing reliable **Cost and Revenue Projections** (three-point estimation).
- Mastering key financial metrics: **Net Present Value (NPV)**, **Internal Rate of Return (IRR)**, and Payback Period.
- Conducting **Sensitivity Analysis** to understand how changes in key variables impact viability.
- Analyzing funding sources, capital requirements, and return on investment (ROI).
- Conducting a **Market Analysis**: demand forecasting, competitor analysis, and market share potential.
- Evaluating **Legal and Regulatory Feasibility**: permits, compliance, intellectual property, and contracts.
- Assessing **Socio-Cultural Feasibility**: environmental impact, community support, and organizational culture fit.
- Techniques for gathering and validating both primary and secondary market data.
- Techniques for weighing and synthesizing the results from all areas of feasibility analysis.
- Developing a clear, evidence-based **Evaluation Matrix** to compare options.
- Writing a compelling **Go/No-Go Recommendation** and clearly articulating the associated business risk.
- Mastering the creation of a concise, persuasive **Executive Summary** for the final report.
Unit 2: Technical and Operational Feasibility Analysis
Execution and CapabilityUnit 3: Economic and Financial Feasibility
Investment and ReturnUnit 4: Market, Legal, and Socio-Cultural Feasibility
External FactorsUnit 5: Synthesis, Evaluation, and Recommendation
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