Course in The Efficient and Effective Evaluation of Economic Feasibility Studies for Projects According to Scientific and Professional Standards

Definition of Economic Feasibility Studies

• Concept and objectives of a feasibility study.
• The importance of feasibility studies in making investment decisions.
• The relationship between economic feasibility studies and financial feasibility studies.

Key Stages in Feasibility Study Preparation

• Data collection and market analysis.
• Cost and revenue estimation.
• Technical and economic feasibility analysis.

Factors Affecting Feasibility Studies

• Economic and political factors.
• Internal and external environmental analysis.
• The role of the consulting team in enhancing evaluation accuracy.

Analysis of Fixed and Variable Costs

• Identifying initial and operational costs.
• Calculating hidden costs and opportunity losses.
• The importance of proper financial resource planning.

Estimating Future Revenues

• Methods for estimating expected revenues.
• Using forecasting techniques in return analysis.
• Factors affecting revenues such as market and competition.

Financial Evaluation of the Project

• How to calculate Net Present Value (NPV).
• Calculating Return on Investment (ROI).
• Using Internal Rate of Return (IRR).

Defining Risks in Projects

• Types of risks: financial, market, operational, and environmental.
• The importance of risk analysis in feasibility studies.
• Methods for classifying and determining the impact of risks.

Risk Evaluation Techniques

• Qualitative and quantitative risk analysis.
• Using tools like sensitivity analysis and scenario analysis.
• How to calculate the impact of risks on economic feasibility.

Risk Management Strategies

• How to mitigate risks: hedging and insurance.
• Diversification and geographical distribution to reduce risks.
• Emergency strategies to deal with unforeseen risks.

Scientific Standards Used in Feasibility Studies

• Using mathematical and statistical methods.
• Analyzing quantitative and qualitative data in feasibility evaluations.
• The role of scientific research in improving forecast accuracy.

The Role of Social Sciences in Feasibility Evaluation

• How to integrate social criteria into the feasibility study.
• Assessing the social and environmental impact of projects.
• Social performance metrics in project evaluation.

Scientific Tools in Feasibility Analysis

• Using mathematical models to analyze costs and returns.
• How to use software and applications in analysis.
• Simulation tools and specialized software in feasibility studies.

International Professional Standards

• International standards like IFRS and financial accounting standards.
• Applying quality standards in project evaluation.
• How to document and analyze data according to professional standards.

The Role of Expert Consultants in Feasibility Studies

• How to select suitable consultants for projects.
• Professional skills required to provide accurate feasibility studies.
• Analyzing and interpreting reports from consultants.

Applying Professional Standards in Practical Evaluation

• How to apply professional standards in evaluating feasibility studies.
• Practical case studies to implement these standards.

Social and Environmental Analysis of Projects

• How to integrate environmental and social impact assessments in feasibility studies.
• Social feasibility study: Assessing the impact on local communities.
• Environmental standards in evaluating project feasibility.

Social Factors Affecting Project Success

• Analyzing social and economic gaps.
• The role of projects in creating job opportunities and sustainable development.
• How to improve social conditions through projects.

Social and Economic Feasibility Evaluation

• Integrating social analysis into economic evaluation.
• Measuring the social impact on targeted communities.
• Balancing economic feasibility with social impact.

Using Software in Feasibility Studies

• How to use Excel, SPSS, and simulation tools for evaluation.
• Financial software applications specialized in feasibility analysis.
• How to use scenario analysis tools for increased prediction accuracy.

Leveraging Big Data in Project Evaluation

• The role of Big Data in improving predictions.
• Using Artificial Intelligence in cost and return analysis.
• How to combine data analysis with feasibility studies.

Multiple Scenario Analysis

• Preparing multiple scenarios and determining success and failure probabilities.
• Evaluating performance under different market conditions.
• How to generate professional reports based on scenario analysis.

Advanced Financial Tools in Evaluation

• Using demand and supply function models.
• Assessing the creditworthiness of projects.
• Forecasting methods using time series analysis.

Financial Feasibility Study: Cash Flows and Returns

• Calculating incoming and outgoing cash flows.
• Financial returns: Analyzing and assessing risks.
• Using financial data analysis in feasibility studies.

Sensitivity and Financial Flexibility Techniques

• Evaluating financial sensitivity of projects.
• Techniques to assess financial feasibility flexibility.
• How to improve project performance in case of financial changes