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Business Feasibility and Viability Appraisal Strategies
Overview
This training Business Feasibility and Viability Appraisal strategies course takes participants through the cycle of business feasibility study preparation and evaluation.
Feasibility study and effective appraisal strategies is needed before starting a new project (product or service), establishing a new business, or upgrading/modifying/expanding an existing business.
Through feasibility study preparation and appraisal of strategic cycle, businesses can be determined if feasible/viable from the marketing and technical viewpoints. Given their estimated capital and operation costs (CAPEX & OPEX), projects can also be determined whether profitable or not.
As the name implies, a feasibility and Viability Appraisal strategies is used to determine the viability of an idea. The objective of this training is to ensure a project is legally and technically feasible and economically justifiable. It tells us whether a business is worth the investment or not.
Who this course is for:
- Individuals who are involved in, or willing to learn, preparing, analyzing, assessing and evaluating feasibility studies including professionals studying economics, management, business administration, engineering and other disciplines
- Project sponsors, senior management, and functional managers
Upon completion of this course, participants will be able to
- Appreciate the essential role played by Feasibility Studies
- Confidently apply a methodical approach to conducting Feasibility Analysis
- Assess Technical, Commercial, Organizational and Financial feasibility
- Engage and involve key stakeholders to create ownership for new business ideas
- Create and ‘pitch’ comprehensive and engaging Feasibility Studies to senior stakeholders to enable effective business decisions
CONTENT:
Introduction to Feasibility Studies
- Introduction and course purpose
- What are feasibility studies and why are they important?
- Feasibility studies: definitions, principles and concepts
- Feasibility Study Components and Process
- Technical Feasibility
- Commercial Feasibility
Organizational and Financial Feasibility
- Organizational Feasibility – people, competence and resources
- Financial Feasibility – costs, return on investment
- Cost classification and estimation
- Non-Discounting Methods and Discounting Methods
- The Financial Plan
- Tangible and intangible costs and benefits
Project Options and Risk Assessment
- Project requirements
- Performing an Options Analysis
- Option Generation and Selection
- Risk Management process and application
- Estimating Risk and Quantitative Risk Analysis
- Risk Response Planning
Gaining Buy-In to Business Options
- Identifying and managing key stakeholders
- Determining the most feasible option
- Project Planning
- Critical Path Analysis
- Components of a Feasibility Report
- Preparing to pitch your business idea – facing ‘The Dragon’s Den’
Presenting a Business Idea
- Developing the Feasibility Report
- The characteristics of engaging communication
- Multiple Intelligences
- The Learning Cycle
- Pitching a Business Idea
- Lessons Learned and Personal Action Plan
Stakeholders/Sponsors Management and analysis
Elements of stakeholders Management and sponsors
Stakeholders Analysis
Stakeholders Planning
Stakeholders Priotization techniques
Gaining the required support for the new business
Regular Cost
N120000
Discounted Cost
N80000
19th to 21st July, 2023
9am to 3pm daily
Remoik Training and Consulting,(Kristina Jade Learning Center) 70B, Olorunlogbon street, Anthony, Lagos
Call Now to register; 08066559530
Email: [email protected]