Financial Feasibility Course

Lesson 1 • Types of Feasibility Studies

Surveys market, technical, operational, and financial feasibility dimensions. Shows how financial analysis integrates with other feasibility components.

Lesson 2 • Stakeholders and Study Objectives

Identifies internal and external stakeholders who commission or use feasibility studies. Aligns study objectives with stakeholder information needs.

Lesson 3 • Structure of a Feasibility Report

Outlines standard report sections and their logical sequence. Prepares students to organise findings into a professional deliverable.

Lesson 1 • Annuities and Perpetuities

Covers ordinary annuities, annuities due, and perpetuities with practical project applications. Enables valuation of recurring cash flow streams.

Lesson 2 • Present and Future Value Concepts

Introduces compounding and discounting as inverse operations. Provides the arithmetic foundation for all subsequent investment analysis.

Lesson 3 • Inflation and Real vs. Nominal Analysis

Distinguishes real and nominal cash flows and discount rates. Prevents common errors in mixing inflation-adjusted and unadjusted figures.

Lesson 1 • Assumption Documentation and Validation

Establishes protocols for recording, sourcing, and stress-testing revenue and cost assumptions. Strengthens credibility of the feasibility study.

Lesson 2 • Revenue Projection Methods

Covers demand-based, comparable-sales, and capacity-driven approaches to forecasting revenue. Grounds projections in verifiable market assumptions.

Lesson 3 • Operating Cost Budgeting

Builds annual operating cost budgets covering labour, materials, overhead, and administration. Connects operating costs to the projected income statement.

Lesson 4 • Capital Expenditure Estimation

Identifies and quantifies upfront investment requirements including equipment, construction, and pre-operating costs. Links capital estimates to project scope.

Lesson 1 • Working Capital Projections

Estimates changes in receivables, inventory, and payables over the project life. Captures the cash flow timing differences often overlooked in feasibility models.

Lesson 2 • Free Cash Flow Framework

Defines free cash flow and distinguishes it from accounting profit. Establishes the correct cash flow measure for project valuation.

Lesson 3 • Building a Dynamic Cash Flow Model

Integrates all cash flow components into a linked, scenario-ready spreadsheet model. Develops professional modelling habits including error-checking and documentation.

Lesson 4 • Terminal Value and Exit Assumptions

Calculates residual or terminal value at the end of the projection horizon. Addresses asset salvage, business continuation, and liquidation scenarios.

Lesson 1 • Net Present Value Analysis

Derives NPV from discounted free cash flows and interprets positive and negative results. Establishes NPV as the primary value-creation metric.

Lesson 2 • Comparing and Selecting Appraisal Methods

Evaluates strengths and weaknesses of each method across project types and stakeholder needs. Builds judgement for choosing the appropriate metric mix.

Lesson 3 • Payback and Discounted Payback

Computes simple and discounted payback periods as liquidity and risk indicators. Clarifies when payback supplements rather than replaces NPV.

Lesson 4 • Internal Rate of Return

Calculates IRR and compares it to the hurdle rate for accept/reject decisions. Addresses IRR limitations including multiple roots and scale issues.

Lesson 1 • Monte Carlo Simulation Basics

Introduces probability distributions and random sampling to model output uncertainty. Produces NPV distributions and confidence intervals for risk communication.

Lesson 2 • Sensitivity Analysis

Tests how NPV and IRR respond to changes in individual input variables. Identifies the assumptions that most influence project viability.

Lesson 3 • Scenario Analysis

Constructs base, optimistic, and pessimistic scenarios by varying multiple inputs simultaneously. Provides decision-makers with a range of plausible outcomes.

Lesson 4 • Risk Mitigation and Contingency Planning

Translates risk findings into actionable mitigation strategies and contingency reserves. Closes the loop between risk analysis and project decision-making.

Lesson 1 • Debt Financing Instruments

Surveys term loans, bonds, and revolving credit as project financing tools. Explains interest, amortisation, and covenant implications for cash flow.

Lesson 2 • Equity and Hybrid Financing

Covers common equity, preferred equity, mezzanine, and convertible instruments. Analyses cost of equity and dilution effects on project sponsors.

Lesson 3 • Optimal Capital Structure

Applies leverage theory to determine a debt-equity mix that minimises cost of capital. Balances tax shield benefits against financial distress risk.

Lesson 4 • Financing Plan Integration

Embeds the financing structure into the cash flow model to compute levered returns. Shows how financing decisions alter NPV, IRR, and equity returns.

Lesson 1 • Writing the Executive Summary

Crafts a concise executive summary that conveys the investment case and key metrics. Targets non-technical decision-makers who read only the summary.

Lesson 2 • Post-Decision Monitoring Framework

Establishes KPIs and review milestones to track actual performance against feasibility projections. Closes the feedback loop between study and project execution.

Lesson 3 • Data Visualisation for Feasibility

Selects and designs charts, tables, and dashboards that clarify financial results. Applies visualisation principles to reduce cognitive load for readers.

Lesson 4 • Synthesising Analytical Findings

Integrates revenue, cost, cash flow, appraisal, risk, and financing results into coherent conclusions. Ensures internal consistency across all report sections.