Project Management

Project Formulation and Feasibility Studies Analysis

This course equips professionals with the skills to formulate and analyse project feasibility studies. Participants will learn to assess project viability, financial implications, and risk factors, enabling informed decision-making in project management and investment planning.

5 days Classroom or live online English

Smart Horizon Certified - Global Leadership Consultants

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Download the full standard outline: why attend, methodology, objectives, audience, competencies, the daily outline and current plans.

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Why attend

From knowledge to real-world impact.

Project formulation and feasibility studies are critical in determining the success of initiatives within organisations. Professionals often face challenges in accurately assessing project viability, which can lead to wasted resources and missed opportunities. Understanding how to conduct thorough feasibility analyses is essential for making informed investment decisions and ensuring project alignment with strategic goals. This course provides the tools and frameworks necessary to evaluate project proposals effectively, allowing participants to identify potential pitfalls and opportunities early in the project lifecycle, ultimately enhancing project success rates and organisational performance. Participants will also learn to navigate complex stakeholder dynamics, ensuring that their analyses consider diverse perspectives and needs.

Participants will engage in practical exercises that mirror real-world scenarios, enhancing their ability to evaluate project proposals. They will practice financial analysis, risk assessment, and stakeholder engagement, which are crucial for effective project management. By developing these capabilities, participants will be better equipped to make strategic decisions that align with organisational objectives. The course also emphasises the importance of communication and negotiation skills in presenting feasibility study findings to stakeholders, ensuring that participants can advocate for their projects effectively and secure necessary buy-in for successful implementation. This comprehensive approach prepares attendees to handle the complexities of project formulation in their respective fields.

Workplace challenges

Professional Problems This Course Is Designed to Solve

The programme explores practical approaches to the following challenges. Results depend on how the learning is applied in your organisation.

Difficulty translating subject knowledge into practical workplace decisions.
Inconsistent approaches to the activities covered in the course outline.
Lack of a structured plan for applying and reviewing new skills.

Course methodology

How you will learn.

The course employs a blend of interactive workshops, case studies, and simulations to build practical skills in project formulation and feasibility analysis. Participants will work in groups to analyse hypothetical projects, applying tools such as SWOT analysis, cost-benefit analysis, and risk assessment frameworks. Each day includes hands-on activities where participants will create financial projections, risk management plans, and stakeholder engagement strategies. Outputs include feasibility reports and project proposals, allowing participants to demonstrate their understanding of the concepts and methods taught. This approach ensures that learning is both practical and relevant, preparing participants for real-world challenges in project management and enhancing their analytical capabilities.

Course objectives

What you'll take away.

By the end of this course, participants will be able to:

Analyse project requirements to determine feasibility criteria and objectives.
Calculate financial projections using cost-benefit analysis for proposed projects.
Diagnose potential risks and develop mitigation strategies for project implementation.
Compare different project alternatives based on feasibility study outcomes.
Design a comprehensive feasibility study report that includes stakeholder analysis.
Assess the alignment of project goals with organisational strategy and objectives.
Construct a project proposal that incorporates findings from the feasibility analysis.

Target audience

Who should attend.

This course is suitable for:

Project Managers responsible for initiating new projects.
Business Analysts involved in project assessment and planning.
Financial Analysts who evaluate project viability and investment potential.
Consultants providing advisory services on project development.

Target competencies

Capabilities you will build.

Participants will develop competencies in:

Conduct thorough feasibility analyses for diverse projects.
Evaluate financial implications and risks associated with project proposals.
Develop comprehensive project formulation strategies.
Facilitate stakeholder engagement and communication throughout project assessment.
Utilise analytical tools to support decision-making in project management.
Prepare detailed feasibility study reports for stakeholder review.

Course outline

Your learning journey.

A focused, practical outline with time to explore, apply and reflect.

Day 1Introduction to Project Formulation and Feasibility Studies

Applied activity: Participants will analyse a fictional project proposal, identifying key components, potential challenges, and stakeholder roles. They will discuss how to address these challenges and ensure project alignment with organisational goals, considering the impact of stakeholder interests on project formulation.

Output: A summary report outlining the key components of the project proposal, stakeholder analysis, and proposed solutions.

09:00–09:54Define project formulation and its importance in project management.
09:54–10:48Identify key components of a feasibility study, including market analysis and technical feasibility.
10:48–11:00Discuss the role of stakeholders in project formulation and their influence on project success.
11:00–11:30Coffee break
11:30–12:12Discuss the role of stakeholders in project formulation and their influence on project success. (continued)
12:12–13:06Explore common methodologies for feasibility analysis, such as the Logical Framework Approach.
13:06–14:00Examine case studies of successful and failed projects to identify best practices.

Day 2Financial Analysis in Feasibility Studies

Applied activity: Using a provided project scenario, participants will perform a cost-benefit analysis and create cash flow projections to assess financial viability. They will identify key assumptions and their implications, ensuring a comprehensive understanding of the financial landscape surrounding the project.

Output: A financial analysis report detailing the cost-benefit findings, cash flow projections, and key assumptions.

09:00–09:54Understand financial metrics used in feasibility studies, including NPV and IRR.
09:54–10:48Learn to conduct cost-benefit analysis for projects, focusing on quantifying benefits and costs.
10:48–11:00Explore cash flow projections and their significance in assessing project viability.
11:00–11:30Coffee break
11:30–12:12Explore cash flow projections and their significance in assessing project viability. (continued)
12:12–13:06Identify funding sources and financial models for projects, including grants and loans.
13:06–14:00Discuss the impact of financial assumptions on project viability and decision-making.

Day 3Risk Assessment and Management

Applied activity: Participants will work in groups to identify risks associated with a fictional project and develop a comprehensive risk management plan. This will include mitigation strategies and contingency measures for each identified risk, ensuring a proactive approach to risk management.

Output: A risk management plan outlining identified risks, proposed mitigation strategies, and contingency measures.

09:00–09:54Identify potential risks in project formulation, including technical, financial, and operational risks.
09:54–10:48Learn techniques for risk assessment and prioritisation using qualitative and quantitative methods.
10:48–11:00Develop risk mitigation strategies for identified risks, focusing on proactive measures.
11:00–11:30Coffee break
11:30–12:12Develop risk mitigation strategies for identified risks, focusing on proactive measures. (continued)
12:12–13:06Explore tools for ongoing risk management during project execution, including risk registers.
13:06–14:00Discuss the importance of contingency planning and its role in project success.

Day 4Stakeholder Engagement and Communication

Applied activity: Participants will create a stakeholder engagement plan for a fictional project, detailing communication strategies, feedback mechanisms, and engagement activities. They will ensure that all stakeholder interests are considered and addressed throughout the project lifecycle, enhancing project support.

Output: A stakeholder engagement plan that outlines communication strategies, stakeholder roles, and feedback mechanisms.

09:00–09:54Understand the role of stakeholders in project success and their varying interests.
09:54–10:48Learn techniques for effective stakeholder engagement, including mapping and prioritisation.
10:48–11:00Explore methods for communicating feasibility study findings to diverse stakeholder groups.
11:00–11:30Coffee break
11:30–12:12Explore methods for communicating feasibility study findings to diverse stakeholder groups. (continued)
12:12–13:06Discuss negotiation strategies with stakeholders to secure project buy-in.
13:06–14:00Examine the importance of feedback in project formulation and how to incorporate it effectively.

Day 5Integrated Project Feasibility Study

Applied activity: Participants will prepare and present a full feasibility study for a fictional project, integrating financial analysis, risk management, and stakeholder engagement strategies. They will address questions from the panel to defend their proposal, demonstrating their analytical and communication skills.

Output: A comprehensive feasibility study report and presentation to a mock stakeholder panel, including feedback for improvement.

09:00–09:54Synthesize knowledge from previous days into a comprehensive feasibility study, integrating financial, risk, and stakeholder analyses.
09:54–10:48Develop a project proposal incorporating findings from the feasibility analysis, ensuring alignment with organisational goals.
10:48–11:00Present findings to a mock stakeholder panel, focusing on clarity and persuasion in communication.
11:00–11:30Coffee break
11:30–12:12Present findings to a mock stakeholder panel, focusing on clarity and persuasion in communication. (continued)
12:12–13:06Receive feedback on presentation skills and content clarity from peers and facilitators.
13:06–14:00Discuss lessons learned and best practices in project formulation and feasibility analysis.

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Dates & venues

Find a session that works for you.

Confirmed dates accept registration requests. Tentative dates are enquiry only.

Good to know

A few things to know.

How is the course delivered?

Our classroom programmes combine facilitated discussion, case studies, exercises and reflection. The precise format will be confirmed before enrolment.

Can you deliver this programme for our team?

Yes, you can enquire about a tailored programme. Share your goals, group size and preferred dates with our learning team.

Will I receive a certificate?

Participants who complete the programme receive a Smart Horizon UK certificate of attendance. Smart Horizon UK programmes are not externally accredited and do not award a professional qualification, licence or designation. Where a course title or outline refers to a professional certification (for example, AACE International's Certified Cost Professional), the programme supports learning and preparation only; the credential itself is awarded solely by the relevant professional body under its own application and examination requirements.

What should I confirm before booking travel?

Please confirm the session, exact venue, accessibility arrangements, fees and any visa requirements with the team before arranging travel. Tentative dates are not confirmed sessions.

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