About This Course
Every major organisational decision — whether to launch a new product, enter a new market, acquire an asset, or fund a capital project — carries financial risk. The difference between decisions that create value and those that destroy it often lies in the quality of the feasibility and commercial evaluation work carried out before commitment. Yet many organisations rush this critical step, rely on optimistic assumptions, or lack the structured methodology to challenge a business case with rigour.
This five-day TrainingComplex programme provides a comprehensive, end-to-end grounding in feasibility analysis and commercial evaluation. Participants learn how to frame an evaluation correctly from the outset, gather and validate market intelligence, build robust financial models, quantify risk, and translate technical findings into clear investment recommendations. The course draws on real-world case studies from infrastructure, manufacturing, services, and development sectors to illustrate both best practice and common failure modes.
Beyond the technical skills, the programme develops the commercial acumen and professional scepticism that distinguish a credible evaluator from one who simply validates what the sponsor wants to hear. By the end of the week, participants will be able to lead or contribute meaningfully to feasibility studies, scrutinise third-party business cases, and communicate findings persuasively to decision-makers and financiers alike.
Who Should Attend
- Project managers and programme officers responsible for appraising new initiatives
- Finance and investment analysts evaluating capital expenditure or business cases
- Strategy and business development professionals assessing market entry or expansion
- Procurement and commercial officers involved in vendor or partnership appraisals
- Consultants and advisors who prepare or review feasibility reports for clients
- Government and development finance officials appraising public or donor-funded projects
- Entrepreneurs and SME owners planning significant business investments
- Engineers and technical specialists who contribute to project feasibility studies
Learning Objectives
- Define the scope, purpose, and phases of a professional feasibility study
- Apply a structured commercial evaluation framework to projects and investments
- Conduct market and demand analysis to establish revenue assumptions
- Build and interrogate multi-scenario financial models using discounted cash flow techniques
- Calculate and interpret key investment appraisal metrics including NPV, IRR, and payback period
- Identify, quantify, and mitigate financial, market, technical, and regulatory risks
- Assess the technical and operational feasibility of a proposed project or venture
- Evaluate social, environmental, and stakeholder dimensions within a commercial appraisal
- Structure and write a professional feasibility report suitable for investors and decision-makers
- Present and defend evaluation findings confidently to senior audiences and review panels
Course Modules
Module 1: Foundations of Feasibility Analysis
- Purpose and value of feasibility studies in the project and investment lifecycle
- Key phases of a feasibility study from pre-feasibility to bankable study
- Difference between technical, commercial, financial, legal, and environmental feasibility
- Common causes of feasibility study failure and how to avoid them
- Stakeholder roles in commissioning, conducting, and reviewing evaluations
- Establishing the terms of reference and evaluation boundaries
Module 2: Commercial Evaluation Framework
- Defining the commercial evaluation mandate and success criteria
- Aligning the evaluation to strategic organisational objectives
- Mapping the value chain and commercial model of the proposed venture
- Identifying value drivers, cost drivers, and margin dynamics
- Selecting the appropriate evaluation methodology for the context
- Setting realistic timelines and resource requirements for the study
Module 3: Market Analysis and Demand Assessment
- Primary and secondary research methods for market intelligence gathering
- Defining the total addressable market and serviceable segments
- Demand forecasting techniques: trend analysis, analogues, and expert elicitation
- Competitor landscape mapping and competitive positioning
- Pricing strategy analysis and willingness-to-pay assessment
- Translating market findings into revenue assumptions for the financial model
Module 4: Technical and Operational Feasibility
- Evaluating technology options, production processes, and capacity requirements
- Site selection criteria and location feasibility considerations
- Assessing supply chain, input availability, and procurement risks
- Operational model design: staffing, systems, and infrastructure requirements
- Capital expenditure estimation methodologies and contingency planning
- Linking technical parameters directly to financial model inputs
Module 5: Financial Modelling for Feasibility
- Structuring a financial model: revenue, cost, working capital, and capital expenditure
- Building integrated income statement, cash flow, and balance sheet projections
- Applying appropriate time horizons and growth assumptions
- Debt and equity financing structures within the model
- Model quality assurance: error-checking, consistency, and auditability
- Presenting model outputs clearly to non-technical audiences
Module 6: Investment Appraisal Techniques
- Time value of money and the rationale for discounted cash flow analysis
- Calculating and interpreting Net Present Value (NPV)
- Internal Rate of Return (IRR): calculation, interpretation, and limitations
- Payback period and discounted payback period analysis
- Return on Investment and return on equity metrics
- Comparing and selecting among competing investment options using multiple criteria
Module 7: Sensitivity, Scenario, and Risk Analysis
- Identifying the key assumptions that most influence project viability
- One-way and two-way sensitivity analysis construction and interpretation
- Scenario analysis: base, optimistic, and pessimistic case development
- Break-even analysis and minimum viability thresholds
- Qualitative and quantitative risk identification using a structured risk register
- Risk mitigation strategies and their financial impact on the evaluation
Module 8: Regulatory, Legal, and Environmental Appraisal
- Mapping the regulatory and licensing landscape for the proposed venture
- Assessing legal structures, ownership, and contractual risk
- Environmental and social impact screening within commercial evaluations
- Stakeholder and community engagement as a feasibility dimension
- Evaluating reputational and ESG risks affecting investor appetite
- Incorporating compliance costs and timelines into the financial model
Module 9: Structuring and Writing the Feasibility Report
- Standard structure and components of a bankable feasibility report
- Writing executive summaries that communicate findings concisely to decision-makers
- Presenting financial tables, charts, and metrics to maximise clarity
- Supporting the recommendation with a coherent narrative and evidence chain
- Handling uncertainty and caveats professionally without undermining credibility
- Tailoring the report for different audiences: investors, boards, and donor agencies
Module 10: Presenting and Defending Evaluation Findings
- Designing a compelling investment presentation from feasibility study outputs
- Anticipating and preparing for challenging questions from review panels
- Handling conflicting data or incomplete information under scrutiny
- Negotiating scope, assumptions, and recommendations with sponsors and clients
- Ethical responsibilities of the evaluator: independence, objectivity, and disclosure
- Course synthesis: personal action planning and applying the framework in your organisation
Requirements & Prerequisites
Participants should have at least two years of professional experience in finance, project management, business development, or a related field. A working understanding of basic financial concepts such as profit and loss, cash flow, and budgeting is assumed. No advanced financial modelling expertise is required, though familiarity with spreadsheet software will be advantageous.
Training Methodology
- Structured feasibility case study — participants work through a single realistic investment scenario across all five days, building their evaluation progressively from inception to final report
- Financial modelling workshops using spreadsheet templates to construct discounted cash flow models, sensitivity tables, and scenario analyses
- Market sizing exercises in which small groups research and present demand assumptions for assigned industry contexts
- Peer challenge panels where participants present interim findings and receive structured critique from fellow delegates and the facilitator
- Breakdown of real feasibility reports — both successful and failed — to identify what distinguishes rigorous analysis from wishful thinking
- Risk register construction and Monte Carlo sensitivity discussion to embed quantitative risk thinking
- Guided investment memo writing sessions with facilitator feedback on clarity, structure, and persuasiveness
- Facilitator-led debrief after each module to consolidate learning and address sector-specific questions from the group
Organisational Benefits
- Improved quality and credibility of business cases submitted for approval or funding
- Reduced incidence of projects failing due to inadequate pre-investment analysis
- Stronger alignment between project selection decisions and organisational strategy
- Greater confidence among leadership when committing capital to new initiatives
- Enhanced ability to scrutinise and challenge third-party feasibility submissions
- More consistent and transparent investment appraisal processes across departments
- Improved dialogue between technical, commercial, and finance functions during project development
- Higher success rate in securing external financing by producing investor-grade evaluations
Where Is Feasibility & Commercial Evaluation Training Offered?
This course runs in-person across: Cape Town, Kampala, Nairobi, Nakuru, Dubai, Abuja, Kisumu, Addis Ababa, Naivasha, Arusha, Pretoria, Zanzibar, Dar es Salaam, Lagos, Accra, Kigali, Johannesburg, Mombasa, Riyadh, plus Live Virtual (online) cohorts. Browse live dates for your city below.
Upcoming Schedules
| Location | Format | Dates | Price |
| Cape Town, South Africa |
In-Person |
5 Oct 2026 – 9 Oct 2026 |
USD 3,800 |
| Kampala, Uganda |
In-Person |
5 Oct 2026 – 9 Oct 2026 |
USD 1,900 |
| Nairobi, Kenya |
In-Person |
5 Oct 2026 – 9 Oct 2026 |
KES 105,000 |
| Nakuru, Kenya |
In-Person |
12 Oct 2026 – 16 Oct 2026 |
KES 115,000 |
| Dubai, United Arab Emirates |
In-Person |
12 Oct 2026 – 16 Oct 2026 |
USD 4,100 |
| Live Virtual |
Online |
17 Oct 2026 – 8 Nov 2026 |
KES 80,000 |
| Abuja, Nigeria |
In-Person |
19 Oct 2026 – 23 Oct 2026 |
USD 2,800 |
| Live Virtual |
Online |
19 Oct 2026 – 23 Oct 2026 |
KES 80,000 |
| Kisumu, Kenya |
In-Person |
19 Oct 2026 – 23 Oct 2026 |
KES 120,000 |
| Addis Ababa, Ethiopia |
In-Person |
19 Oct 2026 – 23 Oct 2026 |
USD 2,400 |
| Naivasha, Kenya |
In-Person |
19 Oct 2026 – 23 Oct 2026 |
KES 115,000 |
| Arusha, Tanzania |
In-Person |
19 Oct 2026 – 23 Oct 2026 |
USD 2,100 |
| Pretoria, South Africa |
In-Person |
19 Oct 2026 – 23 Oct 2026 |
USD 3,300 |
| Zanzibar, Tanzania |
In-Person |
19 Oct 2026 – 23 Oct 2026 |
USD 2,500 |
| Dar es Salaam, Tanzania |
In-Person |
26 Oct 2026 – 30 Oct 2026 |
USD 2,300 |
+237 more dates — view live schedule →
Frequently Asked Questions
Do I need advanced financial modelling skills to attend this course?
No advanced modelling experience is required. The course introduces financial modelling from first principles using structured templates, so participants with a basic understanding of spreadsheets and financial concepts will be able to follow and contribute fully.
Will participants receive a certificate upon completion?
Yes. All participants who attend and complete the full five-day programme will receive a TrainingComplex Certificate of Completion in Feasibility and Commercial Evaluation, which can be used for continuing professional development records.
Is this course relevant to public sector and development finance contexts, or is it primarily for the private sector?
The course is deliberately designed to be cross-sectoral. Case studies and examples draw from infrastructure, agriculture, manufacturing, services, and donor-funded development projects, making it directly relevant to both private investors and public or development finance professionals.
What materials and tools will participants receive?
Participants receive a comprehensive course workbook, a customisable financial modelling template, a feasibility report structure guide, a risk register template, and access to all case study materials used during the programme.
Can this course be customised for an organisation's specific sector or project pipeline?
Yes. TrainingComplex offers tailored in-house delivery of this programme, adapted to your organisation's sector, investment thresholds, and specific project types. Contact us to discuss a customised engagement for your team.
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