Feasibility Studies: Preparation, Analysis and Evaluation
The process by which an individual determines direction, influences a group, and directs the group toward a specific goal or mission.
Feasibility studies address issues that could influence the success of a potential project and assess the advantages and disadvantages of each option so they can be ranked. The end product of the study is a clear, concise report which presents the proposed project’s objectives, with conclusions and recommendations for the next phase. The feasibility study helps the organisations to understand if the ideas or projects being considered for investment are worth investing time, money, energy, and effort. A well-developed feasibility study lays the foundation for project analysis and design activities in a focused manner.
A well-developed feasibility study is an essential foundation to allow project analysis and design activities to commence in a focused manner. It either refines a business case by examining the range of possible options and potential issues or forms a basis for its development. Preparation, Analysis and Evaluation of FEASIBILITY STUDIES training course will include the business skills necessary for conducting a feasibility study. This will also uncover the strengths and challenges your company might face at any stage of the business or project timely, and thus, ensure the success of your organisation’s blueprint.