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Feasibility Studies

Description
Registration Time: 09.00
Sessions Time: 09.15 - 12.30 including a 15-minute coffee break 
Speaker: Mr Christopher Meilak
Venue: Lower Ground, Tower Training Centre, Swatar
 
Participation Fees 
MIA Members: €35.00
Non-MIA Members: €70.00
Retired Members: €15.00
Students: €20.00
 

Background Information

The private and public sector are both faced with the ultimate economic question – how to make the best use of finite and limited resources. This dilemma applies equally to new start-up projects, investment in new technologies, expansion projects, product or process innovation, and infrastructure, amongst others. There are various investment tools that aid in such decision-making, with a feasibility assessment or study being one such tool.

A feasibility study aims to objectively and rationally look into the strengths and weaknesses of the proposed project or system, as well as external opportunities and threats, the resources required to carry it through, and ultimately success prospects. In the simplest terms, two key criteria to judge feasibility are cost required and value to be attained. Given that a feasibility study evaluates the project's potential for success, its perceived objectivity is an important factor in the credibility of the study for its target audience – in order to provide information upon which decisions can be based.

 

Objectives of this session

The objective of this session is to discuss and attempt to answer the following questions:

What do we mean by “feasibility”?

What factors should be considered when assessing feasibility?

When is a feasibility study/ assessment needed?

For which project/ entity is it mostly relevant?

What are the benefits of adopting such a structured approach?

What are the typical contents of a feasibility study?

What are the quantitative aspects in such a study?

How should results be interpreted?

These questions will be explored in the context of both theoretical aspects, as well as practical case studies.

 

Topics on the agenda

  • Decision-making under a finite resource situation
  • Investment tools
  • Feasibility studies– its role and applications
  • Different feasibility study variants
  • Typical methodology/ contents
  • Common pitfalls

 

Target audience

This seminar is relevant for all professionals, government officials and private sector officials, students and anyone having an interest in understanding how a feasibility study is developed, and its interpretation.

 

Speaker’s profile

Chris Meilak is a Certified Public Accountant, Economist and Executive Director at EY Malta, leading the Valuation, Modeling and Economics sub-service line in Malta.

Chris joined EY in 2006 and has carried out and managed (or taken a review role) a number of feasibility studies (looking into economic and financial aspects) in various sectors. Chris holds an MA in Economics and the ACCA degree.

CPE Hours

3 hours Core

Speaker
Christopher Meilak
Associate Partner, Valuation & Business Modelling
Ernst & Young

26
July 2019

Feasibility Studies

(M1948)

Organized By: The Malta Institute of Accountants
Type of Event: Seminar

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Date & Time
2019-07-26 09:15:00 2019-07-26 12:30:00 Europe/Malta Feasibility Studies The concept of assessing “feasibility” is widely referred to in the business world. While it typically refers to the ability and likelihood to successfully complete a project, this same explanation raises various discussion points. Is it enough to assess feasibility from the qualitative side, or is it a pure measurement tool? Could a hybrid approach be considered (or be necessary where not all data is available)? And when assessing feasibility, what factors should be considered –the technical (e.g. engineering or technological) side, legal, operational and/ or financial? Should feasibility be judged from the project promoter view (i.e. purely financial), or should a wider view be considered (e.g. national or societal point of view similar to an economic analysis)? Lower Ground, Tower Training Centre, Swatar, The Malta Institute of Accountants
Fri, 26 July 2019
09:15 - 12:30
Location
Lower Ground, Tower Training Centre, Swatar,
Cancellation Policy

Refer to Terms and Conditions.

Terms & Conditions
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