An intensive professional development training course on
Project Formulation and Feasibility Studies Analysis
Building Strong Feasibility Foundations and Structured Project Plans
Why Choose Project Formulation and Feasibility Studies Analysis Training Course?
The Project Formulation and Feasibility Studies Analysis Course provides a robust foundation for evaluating project viability and preparing projects that deliver sustainable organisational value. With investment decisions becoming increasingly complex, organisations require structured feasibility studies and disciplined project formulation to ensure resources are allocated to the right initiatives. This training course strengthens participants’ ability to assess technical, commercial, financial, and organisational feasibility before progressing to detailed project planning.
This Project Formulation and Feasibility Studies Analysis Training Course explores how feasibility evaluation and project planning work together to shape successful project outcomes. Participants learn how to investigate feasibility components, analyse options, assess risks, and prepare feasibility reports that support sound decision-making. The course also covers the essential initiation and planning processes defined in the PMI PMBOK® standards, ensuring participants are ready to create a full project management plan aligned with stakeholder expectations.
Through interactive case studies, practical exercises, and guided discussions, delegates gain the skills to prepare, structure, and justify project proposals while establishing a solid foundation for execution. The Project Formulation and Feasibility Studies Analysis Course helps ensure projects are designed to maximise benefits, minimise risks, and respond effectively to organisational priorities.
The Structure
This highly informative training course consists of two modules which can be booked as a 10-day training programme, or as individual 5-day training courses.
Module 1 - Feasibility Studies: Preparation, Analysis & Evaluation
Module 2 - Project Formulation: Preparing Projects to Maximise Sustainable Value
What are the Goals?
This Project Formulation and Feasibility Studies Analysis Training Course strengthens the analytical and planning capabilities needed to evaluate, justify, and prepare projects effectively. Participants learn to combine feasibility assessment with structured project planning to support informed decision-making and confident project launch.
By the end of this training course, participants will be able to:
- Explain the essential value and purpose of feasibility studies.
- Conduct and present feasibility study findings clearly and confidently.
- Engage effectively with project stakeholders throughout initiation.
- Create a complete and accurate project charter.
- Develop a full project management plan covering all PMBOK® planning domains.
- Carry out project planning processes to prepare the project for execution.
Who is this Training Course for?
This Project Formulation and Feasibility Studies Analysis Course is ideal for professionals involved in evaluating, defining, or planning new projects. It supports individuals responsible for turning business ideas or feasibility outcomes into structured and actionable project plans.
This training course will greatly benefit:
- Project Managers seeking stronger feasibility and initiation skills.
- Project Planners preparing detailed project management plans.
- Managers responsible for launching new products, services, or business ventures.
- Senior operations managers involved in investment decision-making or project approval.
How will this Training Course be Presented?
This Project Formulation and Feasibility Studies Analysis Training Course uses highly interactive adult learning techniques designed to maximise engagement and retention. Each topic is explored through practical exercises, case studies, and team-based discussions that connect feasibility concepts and planning processes with real organisational situations.
Facilitators blend short presentations with hands-on activities, allowing participants to analyse examples, develop feasibility components, and prepare project planning documents. Case studies from delegate organisations enhance relevance and encourage application beyond the classroom.
Training delivery includes:
- Interactive discussions and guided analyses
- Team activities and practical case study exercises
- Short presentations supported by real examples and videos
- Application of planning processes linked directly to PMBOK® standards
- Collaborative review of feasibility and planning outputs
The Course Content
Module 1: Feasibility Studies: Preparation, Analysis & Evaluation
- What are feasibility studies and why are they important?
- Feasibility studies: definitions, principles and concepts
- Feasibility Study Components and Process
- Technical Feasibility
- Commercial Feasibility
- Organizational Feasibility – people, competence and resources
- Financial Feasibility – costs, return on investment
- Cost classification and estimation
- Non-Discounting Methods and Discounting Methods
- Prepare Your Capital Spending Plan
- Prepare Your Cash Flow Forecast
- Required Investment for Your Business
- Project requirements
- Performing an Options Analysis
- Option Generation and Selection
- Risk Management process and application
- Estimating Risk and Quantitative Risk Analysis
- Risk Response Planning
- Components of a Feasibility Report
- Developing the Feasibility Report
- Project Planning
- Critical Path Analysis
- Tips to preparing an impactful Business Plan
- Preparing to pitch your business idea - facing ‘The Dragon’s Den’
- Case studies
- The characteristics of engaging communication
- Multiple Intelligences
- The Learning Cycle
- Lessons Learned and Personal Action Plan
- Pitching a Business Idea
- Simulation and role play
Module 2 - Project Formulation: Preparing Projects to Maximise Sustainable Value
- Project Management Principles
- Project Management Performance Domains
- Project Management Life Cycles
- Identifying Stakeholders
- Prioritising Stakeholders
- Developing a Project Charter
- Developing the Project Management Plan
- Planning Scope Management
- Collecting Requirements
- Defining Scope
- Creating Work Breakdown Structures
- Planning Quality Management
- Planning Risk Management
- Identifying Risks
- Creative Thinking Techniques
- Qualitative Risk Analysis
- Quantitative Risk Analysis
- Planning Risk Response
- Planning Schedule Management
- Defining and Sequencing Activities
- Estimating Activity Durations and Developing the Project Schedule
- Planning Cost Management
- Estimating Costs
- Determining the Budget
- Planning Resource Management
- Estimating Project Resources
- Planning Communications Management
- Planning Stakeholder Engagement
- Planning Procurement Management
- Preparing the project for Execution
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the training course
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