Organizations are, the world over, faced with decisions of how best to get the maximum benefits from their investments. Such decisions have in most cases led to huge amounts of resources committed to investment ventures that have not been properly analyzed in terms of their returns and viability. Pressure has also been mounting on the need to develop and formulate new projects and programmes that address the need and aspirations of the people. Projects that meet the need and aspirations of the people have to be designed and implemented. 

With the scarcity of resources, it has become imperative that managers and planners are able to design projects that are responsive to peoples’ needs. In the same vein, cooperating partners are in an way, also looking for well formulated and demand driven projects that they could fund, hence the need for this programme. It is through this design that feasibility studies are undertaken. A feasibility study should provide all data necessary for an investment decision. The commercial, technical, financial, economic and environmental prerequisites for an investment project should therefore, be defined and critically examined on the basis of alternative solutions.