Feasibility Study ACNE 4327

Course description:

This course develops a student’s ability to undertake complex feasibility studies. Students will learn these skills and techniques through performing various feasibility studies of differing size and complexity. A feasibility study is designed to establish whether a project or initiative is worth the investment in time and money needed to get it off the ground. Of course this includes the cost of developing the initiative, but it also looks at the availability of funding, both to initiate the project and to keep it going. However, the feasibility study also looks at the evidence of need, potential take up and constraints such as the capacity of buildings, staff and the community.The course also utilizes practical situations, using the analytical and assessment tools such as spreadsheets and Web Analysis, Critical Path, evaluation and review of programs.

Course Aims:

This course has Overall objectives of the Decision:
  • Know the meaning of analysis and evaluation of projects. 
  • What are the links to the project.
  • Study stages throughout the project.
  • What information is needed to analyze the projects.
  • How to analyze the commercial viability of any project.
  • Analysis of the financial feasibility of new projects under certainty conditions. 
  • Analysis of the financial feasibility of new projects under uncertainty conditions.
  • Criteria for evaluating projects.

Course outcomes:

At the completion of the subject, students should be able to: 
  • Understand the principles of feasibility studies. 
  • Be able to complete a cash flow and financial forecast as part of the feasibility study process. 
  • Understand risk and be able to undertake a risk assessment. 
  • Understand the principles of an options appraisal. 
  • Conduct a Community consultation. 
  • Have the knowledge to provide a comprehensive funding analysis. 
  • Be able to calculate projected income through funding and trading.
  • Understand the factors both internal and external that impact on the feasibility of a project. 
  • Have the knowledge of the components of a feasibility study. 
  • Have a grasp of project costs, both direct costs and core costs. 
  • Be able to identify appropriate organizational structures and management structures which promote the feasibility of a project.