The most important step of any new project regardless of its size, is the one you take even before you begin. In today’s business environment, feasibility studies are strategic documents prepared and executed by managers who focus on the best resource allocations and aim at consistently delivering projects on target.
A feasibility study evaluates the practicability of a project, a business venture or idea. The principal function is to find out if the project will go ahead or not. Feasibility studies are strategic for a number of reasons. They evaluate your project from different points of view, to cover all the key aspects that you must carefully consider before moving forward and committing time and resources. They provide an improved understanding of the project itself and contribute to make potential issues and risks surface at an early stage before any damage has been done. From the financial point of view, they underline the impact on cash flow and the requirement for funding, and highlight the burden on current resources and the need for additional resources that you need to secure for your project to succeed. Whatever the industry or market, the pressure on timing is ever increasing, therefore by establishing a policy for feasibility studies you will be able to help improve business performance in the long term and streamline your focus on the most promising projects. Due to the discussions of different theories and case studies you will explore at the course, you will return to your workplace with highly relevant skills and the knowledge to determine and work through the process of a feasibility study in your business environment.
Who Should Attend
This course is designed for anyone involved with projects, business ventures or new business ideas. If you need to understand how to streamline the process of evaluating a feasibility study’s outcomes to aid towards solid decisionmaking, you will benefit from attending. You will learn to apply a feasibility study to projects both as a resource for time management and as part of your business model to consistently improve decision-making by ranking concurrent projects in a clear and objective manner. Those who wish to learn practical skills to apply on feasibility studies, will benefit from case studies and best practices discussed. Those who are in positions where they are required to review feasibility studies for further corporate decision-making, will benefit from the presentation of business process methods based on agile and lean theories as additional resources together with traditional business plan modelling.
Benefits of Attending
- Understand how to effectively place feasibility studies within your project lifecycles
- Evaluate different models for the best fit to plan and execute feasibility studies
- Learn how to involve stakeholders in the process of your feasibility study
- Work efficiently within a team with a focus on leadership, engagement and ownership
- Apply your newly acquired knowledge to outline an array of options to conduct consistent feasibility studies for your projects
Project Management Institute (PMI)
Informa Middle East is an Authorized Training Partner (ATP) with the Project Management Institute (PMI). As an ATP, Informa Connect is approved by PMI to offer the PMP exam preparation course and issue Professional Development Units (PDU) for training courses in the field of project management.
The ATP programme has been designed to enhance the ongoing professional development of PMI’s members, those credentialed through PMI and others in the project management profession.
The PMI® Authorized Training Partner seal is a mark of the Project Management Institute, Inc.
Marco began his corporate career as Project Manager for the Italian subsidiary of an American international corporation in the medical industry. He then served as a Director for a European industrial group in Italy and the USA from 2003 to 2008. In 2009, Marco left the corporate world and started his own advisory practice to focus on project management and strategic consulting. He is currently an independent advisor with a focus on feasibility studies, business plans, and the integration of business and technology. Since 2017, he is collaborating on Internationalization projects with Everap Italy, a strategic consulting firm, and since 2020 he is a Lecturer at The University of Malta, Faculty of Economics, Management and Accountancy.
Marco is a well-traveled professional, having held positions of leadership and business management in Italy, the USA, and Ghana as a resident expatriate. Marco has also been involved in project management and procurement consulting in Malta, Bulgaria, Denmark, the Netherlands, Nigeria, South America, the Middle East, and Papua New Guinea with clients in construction, oil, and gas, automotive, logistics, healthcare, and technology. His approach to training is very practical and he strives to engage his learners in a positive and enabling environment that supports learning and knowledge-sharing.
Pricing excludes 5% VAT, which will be charged where applicable.