You Will Learn How To:
- Identify which areas to cover in your feasibility study
- Recognize the key components of a feasibility study
- Construct an overview of the problem or opportunity that is driving the project
- Discover and use market analysis sources
- Explore issues that may impact project feasibility
Workshop Activities Include:
- Establishing feasibility criteria with your stakeholders using affinity diagrams
- Assessing feasibility using common metrics and methods including a weighted rating matrix, 2 x 2 analysis and paired comparison
- Designing market facing questions to quantify quality issues
About This Course:
Organizations often conduct a feasibility study prior to a business case to establish the value of a business opportunity. They then carry out a business case to add detailed financial analysis. This course delivers a set of core tools for establishing the technical, financial, operational and market feasibility of an initiative. In this course you learn how to deploy a structured approach to assessing the initiative suggested as a project, create a well-structured feasibility study and use the feasibility study as a key asset to convince your organization that a project can succeed.
Who Should Attend:
Business analysts, project managers, operations managers and business professionals who want to take a "belt and braces" approach to ensuring that the organization's money is spent wisely. In addition, business and technical professionals who are involved in evaluating or reporting on potential new initiatives may also find this course useful.