Date: 26 July 2019
Time: 09:15 - 12:30
Venue: Lower Ground (LG), Tower Training Centre, Swatar
The private and public sector are both faced with the ultimate economic question – how to make the best use of finite and limited resources. This dilemma applies equally to new start-up projects, investment in new technologies, expansion projects, product or process innovation, and infrastructure, amongst others. There are various investment tools that aid in such decision-making, with a feasibility assessment or study being one such tool.
A feasibility study aims to objectively and rationally look into the strengths and weaknesses of the proposed project or system, as well as external opportunities and threats, the resources required to carry it through, and ultimately success prospects. In the simplest terms, two key criteria to judge feasibility are cost required and value to be attained. Given that a feasibility study evaluates the project's potential for success, its perceived objectivity is an important factor in the credibility of the study for its target audience – in order to provide information upon which decisions can be based.
Objectives of this session:
The objective of this session is to discuss and attempt to answer the following questions:
What do we mean by “feasibility”?
What factors should be considered when assessing feasibility?
When is a feasibility study/ assessment needed?
For which project/ entity is it mostly relevant?
What are the benefits of adopting such a structured approach?
What are the typical contents of a feasibility study?
What are the quantitative aspects in such a study?
How should results be interpreted?
These questions will be explored in the context of both theoretical aspects, as well as practical case studies.
Topics on the agenda
• Decision-making under a finite resource situation
• Investment tools
• Feasibility studies– its role and applications
• Different feasibility study variants
• Typical methodology/ contents
• Common pitfalls