Objectives of the Economic Feasibility Analysis in Projects Course
This course aims to achieve a number of key objectives that ensure that participants acquire the skills and knowledge necessary to evaluate and analyze their projects scientifically and systematically, the most prominent of these objectives are:
- Understanding the concept of economic feasibility analysis: enabling participants to identify the importance of economic feasibility and its role in the success of projects, and how to identify the factors that affect the feasibility of the economic project.
- Acquire the skills of preparing economic feasibility studies: Teach participants how to prepare detailed economic feasibility studies, from market analysis, financial aspects, costs and returns, to risk assessment.
- Feasibility Assessment of Different Projects: Enabling participants to evaluate the feasibility of industrial, commercial, service, or investment projects based on specific criteria and clear success factors.
- Developing Investment Decision-Making Capacity: Enhancing the ability of participants to make sound investment decisions based on the results of the economic feasibility analysis and the principles of financing and management.
- Risk Analysis and Identifying Strengths and Weaknesses: Teaching participants how to identify and handle potential project risks to minimize negative impact and achieve project sustainability.
- Enhance revenue and cost forecasting: Provide participants with the tools and models needed to forecast projected cash flows and revenues to support sound financial planning.
Developing the skills of using modern tools and software in economic analysis: Introducing participants to the latest technical tools and software that help in analyzing data and presenting economic studies accurately and professionally.
About course
The "Economic Feasibility Analysis for Projects" workshop is a training workshop offered by the Saudi Contractors Authority in collaboration with Kan Training. It aims to teach participants how to accurately evaluate projects through economic and financial analysis. The workshop, presented by the Saudi Contractors Authority in collaboration with Kan Training, provides a certificate accredited by the Saudi Contractors Authority, enhancing trainees' credibility in the field of economic feasibility analysis.
Economic feasibility analysis for projects is an important scientific tool aimed at assessing the financial and economic feasibility of an investment project. Data related to project costs and potential benefits are collected and analyzed to provide a clear vision that helps inform investment decisions. This study aims to reduce risks, identify strengths and weaknesses, and analyze the potential opportunities and challenges of the project before commencing implementation. This ensures the highest chances of success and achieving the desired profits for the investment.
The Economic Feasibility Analysis for Projects course offers a one-hour professional training course that aims to provide participants with the knowledge and skills necessary to prepare accurate and sound economic feasibility studies. The workshop focuses on a detailed explanation of the components and stages of an economic feasibility study, as well as the tools and methods used to evaluate the financial, technical, marketing, and social aspects of any investment project.
The workshop covers the concept of economic feasibility for projects, which includes evaluating investment and operational costs against expected revenues. It also covers market research to analyze supply and demand, accurately identifying competitors, and the target market, which helps assess the project's chances of success. The workshop also covers the importance of financial analysis, which includes calculating financial performance indicators such as net present value and internal rate of return, and analyzing economic, technical, and environmental risks, along with developing plans to mitigate these risks.
Through the workshop, participants learn how to prepare comprehensive feasibility reports that support sound investment decisions, from a preliminary analysis to evaluate the project idea, to detailed studies covering the technical, economic, and legal aspects of the project. At the end, the trainee receives a certificate accredited by the Saudi Contractors Authority. This training is essential for entrepreneurs, investors, and executives seeking to ensure the sustainability of their projects and generate profitable returns while minimizing the risk of failure and losses.
In addition to the technical aspects, the workshop aims to develop trainees' ability to understand local market requirements, economic changes, and the competitive environment, enhancing the chances of project success and aligning them with client needs. The training provides practical tools for evaluating project feasibility and studying the feasibility of various investment opportunities, which is vital in a rapidly changing investment world.
Optimize with ChatGPT
