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Why Choose this Training Course?
Why Choose this Workshop?
This PetroKnowledge workshop enables professionals to assess the likely success of a proposed project before taking a decision to proceed. A well-executed feasibility study is an essential foundation for successful project definition and project management. It takes business development ideas through a process of analysis and evaluation to (a) select options for action and (b) reduce risk and forecast as accurately as possible the outcomes and impact of the selected options. A feasibility study is one of the key mechanisms that enable managers to align strategy and operations in achieving and sustaining superior performance.
The workshop will feature the following topics:
Definition of a Feasibility Study and Best Practice Techniques
How to Use a Feasibility Study
How to Structure and Plan a Feasibility Study
The Role of a Feasibility Study in a Business Plan
How to Execute a Feasibility Study
What are the Goals?
What are the Goals?
By the end of this PetroKnowledge workshop, participants will be able to do the following:
Incorporate feasibility studies in business plans
Lead and manage the process of completing feasibility studies
Engage and motivate teams to conduct feasibility studies
Apply rigorous analytical and creative thinking in feasibility studies
Monitor the effectiveness of feasibility studies
Who is this Training Course for?
Who is this Workshop for?
This workshop is designed for a wide range of experienced project or business managers and team leaders. It will greatly benefit the following:
Operations and logistics planners
Business development specialists
Accounting and financial managers
Human resource managers
Engineering, scientific and administrative specialists
How will this Training Course be Presented?
How will this Workshop be Presented?
This highly interactive workshop will use a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. These include the following:
Introduction to the main tools and techniques of feasibility analysis
Case examples of the main challenges and their solutions
Group work on specific issues and situations
Discussion of specific in-company issues
Preparation of a personal action plan for each delegate
In addition the workshop leader will illustrate the discussions with real-life examples and situations in which he has been personally involved.
Planning a Feasibility Study
Clarifying the purpose of a feasibility study
Aligning a feasibility study with the business plan
Discussion – the characteristics and objectives of a feasibility study
Structuring the process – timings, milestones, evaluation
Identifying, assessing and managing risk in the process
Discussion - a real-life example of a feasibility study
Executing a Feasibility Study
Securing the required resources for the feasibiity study
Financial and non-financial dimensions of the activity
Discussion of practical example
Evaluating the outputs of the feasibility study
Using the feasibility study to reach a go/no go decision
Discussion - delegates’ action plans for applying the workshop learning
On successful completion of this training course, a PetroKnowledge Certificate will be
awarded to the delegates
On successful completion of this PetroKnowledge training course, Certificate with
eligible Professional Development Units (PDUs) / Contact Hours from Project Management
Institute (PMI®), will be awarded to the delegates
PMI® Registered Training Course
The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on our Project Management oriented training courses, to help them achieve or maintain PMI® professional credentials.