Engineering Feasibility Studies & Business Case Development Training Course

Introduction

In the intricate world of engineering projects, robust Feasibility Studies & Business Case Development are indispensable prerequisites for ensuring project viability, securing investment, and achieving strategic objectives. This essential training course is meticulously designed to equip engineering professionals, project managers, and financial analysts with the specialized skills and strategic insights required to systematically evaluate the technical, economic, legal, operational, and environmental merits of proposed engineering ventures. Participants will gain a robust understanding of structured methodologies for assessing project viability, quantifying benefits, analyzing costs, and presenting compelling arguments for investment, mitigating risks from the outset. Our comprehensive curriculum emphasizes hands-on application, best practices, and real-world scenarios pertinent to the diverse infrastructure, industrial, and energy sectors in Kenya, empowering you to lay strong foundations for successful projects.

This engineering project viability assessment course is crucial for organizations in Kenya striving to optimize their capital investments, avoid costly failures, and maximize returns on their engineering endeavors. Mastering technical feasibility analysis, implementing financial modeling for projects, and understanding strategic business case creation are indispensable skills for navigating complex regulatory landscapes, securing stakeholder buy-in, and ensuring long-term project success. This program offers an unparalleled opportunity to elevate your expertise in project economic evaluation and investment decision-making for engineers, positioning your organization as a leader in informed, data-driven project development and driving sustainable economic growth across East Africa.

Target Audience

• Project Engineers
• Project Managers
• Financial Analysts (involved in engineering projects)
• Business Development Managers
• Investment Analysts
• Technical Leads
• Strategic Planners in Engineering Firms

Course Objectives

• Understand the fundamental purpose and importance of Engineering Feasibility Studies.
• Master the key components and methodologies for conducting comprehensive feasibility assessments.
• Learn to analyze technical viability, resource availability, and operational requirements.
• Develop robust financial models for cost estimation, revenue forecasting, and ROI calculation.
• Understand legal, regulatory, and environmental compliance requirements for engineering projects.
• Formulate compelling Business Cases that justify project investment and strategic alignment.
• Learn techniques for assessing and mitigating risks throughout the feasibility phase.
• Enhance data collection, analysis, and interpretation skills for informed decision-making.
• Develop effective presentation and communication skills for business case proposals.
• Explore different types of feasibility studies (e.g., market, economic, technical).
• Understand the role of stakeholder engagement in the feasibility process.
• Drive efficiency and accuracy in early-stage project evaluation.
• Foster a culture of due diligence and strategic foresight in engineering project development.

DURATION

10 Days

COURSE CONTENT

Module 1: Introduction to Feasibility Studies & Business Cases module

• Defining feasibility studies and their strategic importance
• Why conduct a feasibility study for engineering projects?
• Components of a comprehensive feasibility study
• Overview of the business case development process
• Role of feasibility in the project lifecycle and investment decision-making

Module 2: Technical Feasibility Analysis module

• Assessing technological readiness and availability
• Evaluating engineering designs and methodologies
• Analyzing resource requirements: materials, equipment, personnel
• Site analysis and infrastructure requirements
• Prototyping and testing considerations for technical validation

Module 3: Market & Commercial Feasibility module

• Conducting market research and demand analysis
• Identifying target markets and customer needs
• Competitor analysis and market positioning
• Understanding industry trends and future growth potential
• Developing a preliminary market entry strategy

Module 4: Financial Feasibility & Economic Analysis module

• Estimating project costs (CAPEX, OPEX) and revenue streams
• Financial modeling techniques (NPV, IRR, Payback Period, ROI)
• Sensitivity analysis and scenario planning
• Funding sources and financing strategies
• Understanding economic impacts and benefits of the project

Module 5: Legal, Regulatory & Environmental Feasibility module

• Identifying relevant laws, permits, and licenses
• Regulatory compliance assessment and requirements in Kenya
• Environmental Impact Assessment (EIA) at the feasibility stage
• Social impact considerations and community engagement
• Risk of legal and environmental non-compliance

Module 6: Operational & Organizational Feasibility module

• Assessing operational capabilities and processes
• Evaluating existing organizational structure and human resources
• Supply chain and logistics considerations
• Maintenance and operational support requirements
• Identifying training needs for project operations

Module 7: Risk Assessment and Mitigation in Feasibility module

• Identifying and categorizing feasibility-stage risks
• Qualitative and quantitative risk analysis techniques
• Developing initial risk response and mitigation strategies
• Contingency planning for key identified risks
• Importance of a risk register at the early project stage

Module 8: Developing the Compelling Business Case module

• Structure and key elements of a robust business case
• Articulating the project's strategic alignment and value proposition
• Quantifying benefits and justifying investment
• Presenting alternatives and recommendations
• Tailoring the business case for different stakeholder audiences

Module 9: Data Collection, Analysis & Reporting module

• Methods for gathering reliable data for feasibility studies
• Data analysis techniques for informed decision-making
• Tools for presenting feasibility findings and business case summaries
• Effective written and oral communication of complex information
• Review and validation processes for feasibility reports

Module 10: Practical Application and Case Studies module

• Hands-on workshop: developing a mini-feasibility study for an engineering project
• Analyzing real-world successful and failed engineering feasibility studies
• Exercises in financial modeling for project evaluation
• Q&A and expert insights on specific challenges in conducting feasibility studies in Kenya
• Creating a personal action plan for applying learned methodologies

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 10 working days before commencement of the training.