Conducting feasibility studies and cost-benefit analysis

Conducting feasibility studies and cost-benefit analysis involves assessing the viability of a proposed project or investment by examining its potential benefits and costs. This capability includes evaluating the technical, financial, legal, and social aspects of a project, identifying potential risks and challenges, and recommending whether to proceed or not. It also involves promoting a culture of rigorous analysis and data-driven decision making, and maintaining positive relationships with stakeholders.

Beginner competence definition

At the beginner level, conducting feasibility studies and cost-benefit analysis involves understanding the basic principles of feasibility studies and cost-benefit analysis, as well as the company’s policies and programs related to investment analysis. Beginner-level professionals should be able to participate in conducting feasibility studies and cost-benefit analysis, communicate effectively with team members and stakeholders, and follow established protocols and procedures related to investment analysis.

Intermediate competence definition

At the intermediate level, conducting feasibility studies and cost-benefit analysis involves a deeper understanding of investment analysis strategies and their application to the company’s proposed projects or investments. Intermediate-level professionals should be able to lead efforts to evaluate the technical, financial, legal, and social aspects of a project, identify potential risks and challenges, and recommend whether to proceed or not. They should also be able to communicate effectively with team members and stakeholders, and train and coach others on investment analysis strategies and policies.

Advanced competence definition

At the advanced level, conducting feasibility studies and cost-benefit analysis involves a comprehensive understanding of investment analysis strategies and their application in complex, global organizations. Advanced-level professionals should be able to design and implement investment analysis programs that comply with legal and regulatory requirements, promote rigorous analysis and data-driven decision making, and align with the company’s overall business goals and values. They should also be able to use advanced techniques such as scenario analysis, real options valuation, and stakeholder engagement to evaluate proposed projects or investments, and use those insights to inform business decisions and strategies. Advanced-level professionals should also have strong leadership skills, with the ability to inspire and motivate teams to achieve investment analysis goals and drive continuous improvement throughout the organization.