Introduction

A successful real estate development begins with a meticulous and well-executed feasibility study. This crucial first step is the cornerstone of a profitable project, providing a clear roadmap and mitigating the substantial risks inherent in the development process. This intensive training course offers a systematic and practical framework for conducting comprehensive feasibility studies, equipping professionals with the essential skills to rigorously evaluate a project's potential and ensure it is not only viable but also highly profitable.

This program is designed to transform project ideas into actionable business plans. We will guide you through every stage of the feasibility process, from in-depth market research and site analysis to sophisticated financial modeling and risk assessment. By mastering these techniques, you will be able to make data-driven decisions, secure financing with confidence, and build a compelling case for your projects. This course provides the blueprint for making informed, strategic choices that drive long-term success in real estate development.

Duration

5 days

Target Audience

• Real Estate Developers
• Project Managers
• Financial Analysts
• Land Acquisition Managers
• Urban Planners
• Architects and Engineers
• Real Estate Investors

Objectives

• To develop a systematic approach to conducting comprehensive feasibility studies.
• To master market analysis and demand forecasting techniques.
• To create accurate financial models and project pro formas.
• To evaluate a site's potential and constraints in detail.
• To understand and navigate the legal, regulatory, and entitlement processes.
• To identify and mitigate project-specific risks and challenges.

Course Modules

Module 1: The Feasibility Framework

• Defining the purpose and scope of a feasibility study.
• The key components of a comprehensive feasibility report.
• The role of a feasibility study in the development project lifecycle.
• Assembling the project team and identifying necessary resources.
• Establishing initial project goals and success metrics.

Module 2: Market Analysis and Demand Assessment

• Conducting research on demographic and economic trends.
• Analyzing the competitive landscape of similar developments.
• Forecasting market demand, absorption rates, and pricing strategies.
• Identifying and segmenting the target market for a project.
• Utilizing data sources and market reports to inform decisions.

Module 3: Site Analysis and Constraints

• Evaluating a site's location, accessibility, and visibility.
• Assessing physical constraints such as topography, soil, and environmental factors.
• Analyzing the availability of utilities and supporting infrastructure.
• Understanding zoning regulations, land use restrictions, and easements.
• Conducting a highest and best use analysis of the property.

Module 4: Financial Modeling and Projections

• Developing a detailed project budget and cost breakdown.
• Creating pro forma financial statements for the development.
• Forecasting revenue streams from sales, leases, or operations.
• Calculating key financial metrics such as IRR, NPV, and ROI.
• Performing sensitivity analysis to stress test financial assumptions.

Module 5: Legal, Regulatory, and Entitlements

• Navigating the local, state, and federal regulatory environment.
• The process of zoning and land use applications.
• Understanding building permits, environmental impact assessments, and public hearings.
• Identifying potential entitlement risks and their impact on the project timeline.
• Engaging with legal counsel and government agencies effectively.

Module 6: Design and Construction Feasibility

• Evaluating preliminary architectural and engineering concepts.
• Assessing different construction methods, materials, and technologies.
• Creating a realistic construction budget and timeline.
• Understanding the roles of the design team and general contractor.
• The impact of design choices on project costs and market appeal.

Module 7: The Project Risk Matrix

• Identifying and categorizing project risks: market, financial, construction, and legal.
• Developing a systematic approach to risk mitigation.
• The importance of a contingency budget and project timeline buffers.
• Using a risk matrix to prioritize and manage potential issues.
• Creating a comprehensive risk management plan.

Module 8: Securing Financing and Partnership Structures

• Understanding different sources of capital for real estate development.
• Preparing a compelling investment package for lenders and equity partners.
• The role of pre-development funding and joint venture agreements.
• Structuring partnerships to align stakeholder interests.
• Presenting the business case to potential financiers and investors.

Module 9: The Feasibility Report: Synthesis and Presentation

• Assembling all components into a comprehensive and professional report.
• Structuring the report for clarity and impact with a strong executive summary.
• Developing a persuasive presentation for key stakeholders.
• Using data visualization to effectively communicate findings.
• Making a final go/no-go decision based on the study's conclusions.

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 7 working days before commencement of the training.