This course is to provide learners with a comprehensive understanding of the initial stages of project management, focusing on feasibility analysis and project initiation processes. By the end of the course, participants will be equipped with the knowledge and skills necessary to assess the feasibility of proposed projects and effectively initiate them

Upon completion of this course, learners should be able to:

1. Demonstrate the ability to critically assess the feasibility of proposed projects, considering factors such as market demand, financial viability, and technical feasibility.

2. Apply project initiation techniques to define clear project objectives, identify stakeholders, and establish project scope boundaries.

3. Utilize appropriate feasibility analysis tools and methodologies to evaluate the potential risks and benefits associated with project implementation.

4. Develop detailed project plans that encompass scheduling, resource allocation, risk management strategies, and communication plans to ensure project success.

1. Introduction to Project Feasibility Analysis: Definition and Importance of Project Feasibility Analysis; Factors Affecting Project Feasibility; Types of Feasibility Studies, Technical, Economic, Operational, Legal, and Schedule Feasibility.

2. Project Initiation Processes and Techniques: Project Charter Development: Purpose, Components, and Significance, Power/Interest Grid, Establishing Project Governance Structure: Roles, Responsibilities, and Authority. 

3. Stakeholder Identification and Engagement: Stakeholder Identification Techniques: Interviews, Surveys, Brainstorming, Stakeholder Analysis: Power, Interest, Influence, and Attitude (PIIA) Analysis, Stakeholder Engagement Strategies: Communication Plans, Stakeholder Meetings, Feedback Mechanisms, Stakeholder Identification and Analysis: Stakeholder Mapping,

4. Defining Project Objectives and Scope: SMART Criteria for Defining Project Objectives (Specific, Measurable, Achievable, Relevant, Time-bound), Techniques for Gathering Requirements: Interviews, Focus Groups, Workshops, Scope Statement Development,  Scope Inclusions, Exclusions, and Assumptions, Feasibility Analysis Techniques. 

5. Market Analysis and Demand Assessment: Market Research Methods: Surveys, Interviews, Market Segmentation, Demand Forecasting Techniques: Trend Analysis, Regression Analysis, Competitive Analysis: SWOT Analysis, Porter’s Five Forces Analysis. 

6. Feasibility Analysis Techniques: Financial Viability Assessment: Cost Estimation Methods: Analogous Estimating, Parametric Estimating; Financial Metrics: Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, Financial Risk Analysis: Sensitivity Analysis, Monte Carlo Simulation. 

7. Feasibility Analysis Techniques: Technical Feasibility Assessment: Technical Requirements Analysis: Functional Requirements, Non-functional Requirements, Technology Assessment: Feasibility of Technology Adoption and Integration, Infrastructure Assessment: Hardware, Software, and Network Requirements. Project Formulation: 

8. Scheduling and Resource Allocation: Project Scheduling Techniques: Gantt Charts, Network Diagrams (PERT/CPM), Resource Identification and Allocation: Human Resources, Equipment, Materials, Resource Levelling and Smoothing Techniques. 

9. Project Formulation: Risk Management Strategies; Risk Identification Methods: Brainstorming, Delphi Technique, SWOT Analysis, Risk Assessment and Prioritization: Probability-Impact Matrix, Risk Register, Risk Response Planning: Avoidance, Mitigation, Transfer, Acceptance. 

10. Project Communication and Documentation: Communication Planning: Stakeholder Communication Requirements, Communication Channels, Project Documentation Management: Document Control Processes, Version Control, Reporting and Monitoring: Progress Reports, Status Meetings, Performance Dashboards.