The British Academy for Training and Development offers a professional training course in Feasibility Studies and Business Planning. Feasibility studies are an effective way to protect yourself from wasted investments and scarce resources. By conducting a proof of concept, an organization can reduce the risk of developing an unpopular and unrealistic project. A feasibility study is usually conducted before a business plan is drawn up. A business plan can only start after the proposed business idea has proven viable. If possible, you can proceed with a high degree of confidence that your business plan will lead to profitable opportunities. We provide a “roadmap” that shows you how to start and grow your business. This course is specifically designed to enable participants to effectively develop new ideas into commercial reality. A feasibility study addresses the issues that affect the success of new projects, assessing the strengths and weaknesses of multiple options so that they can be ranked and prioritized. The final deliverable of the feasibility study is a clear and concise report outlining the proposed project's objectives and conclusions and recommendations for next phases. This course provides participants with clear guidelines on what should be included in a feasibility study and how it should be conducted, this course will guide you through each step and give you the confidence to effectively manage or conduct the process.

Who should attend? 

• Operations Managers and Team Leaders.
• Marketing and Business Development Specialists.
• Systems Analysts and Business Process Designers.
• Financial Analysts and Management Accountants.
• Change Management Specialists.

How attendees will benefit? 

After completion of the course, delegates will understand: 

• How to connect feasibility studies, business plans and corporate strategy.
• Understand the process of conducting a robust and dynamic proof of concept.
• Development, implementation and evaluation of feasibility studies.
• Identify problems and opportunities within the organization and define successful outcomes.
• Set business plan goals.
• Integrate feasibility studies into a robust business plan.

• What is a feasibility study?
• When is a feasibility study used?
• How do I create a feasibility study?
• How can we critically question feasibility studies?
• How do to set goals for business plan?
• How can a feasibility study be conducted effectively?

Business Planning:

• Understanding the difference between a strategic plan and a business plan
• Business analysis and strategic planning.
• Integrated strategy and business plan.
• Business plan goals.
• Business value proposition design.
• Shape your vision, mission and strategy.
• Business planning process and key stages.
• Business plan process map.

Feasibility Study Plan:

• Difference between a feasibility study and a business plan.
• Difference between conducting a feasibility study and creating a business plan.
• Feasibility studies: Definitions, Principles, Concepts.
• Identify where in the business plan feasibility studies will be conducted
• Create and protect "value".
• Understand your business needs.

Considering the possibilities and risks:

• Distinguish between needs and wants.
• Conduct an option analysis.
• Creative thinking and problem-solving.
• Risk management process and application.
• Identification and assessment of preferred option risks.
• Identification and management of key stakeholders.

Preparation of reports and engagement of various stakeholders:

• Determining the most viable option.
• Financial analysis technology.
• Create a feasibility report.
• Understand the characteristics of good communication.
• Identify how interpersonal relationships ensure the success of proof-of-concept studies.
• Developing robust strategic thinking skills.
• Relationship between research and company goals and strategies.
• Developing a suitable structure to bring the feasibility study into the business planning phase.

Creating Robust Business Plans and Business Planning Tools:

• Why you should have a business plan?
• Business planning process and key elements of a business plan.
• Measure business performance using traditional and non-traditional metrics.
• How to challenge your current processes and look for a culture of continuous improvement?
• Turning flashy ideas into solid business plans.
• Execute plans and measure success.
• Evaluation and further development of business plans based on feasibility studies.
• Review and evaluate progress against plans.