The following are the tools and resources that accompany the Project Development path….
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The following are the tools and resources that accompany the Project Development path….
The Afribiz Foundation has committed to increase the capacity and support for African developers, and other key stakeholders, working on or supporting projects from small to medium-size projects across industrial, infrastructure, and public service sectors. These types of projects are regularly tied to public private partnership and tender opportunities with government or major private sector entities.
We continually research and develop new tools and knowledge sets to this end, as well as offer our own methodologies, expertise, strategies, and tools that are used by the Afribiz family of companies for the enhancement of the overall project development community in Africa. This body of work is housed within our project incubator program called Developing and Structuring Bankable Projects in Africa, which consists of a workshop, practicum, value added support, and online platform. The following is a description of the current program.
Developing projects in sectors like energy, industrial, public service, and other infrastructure is not just a technical task, but involves a full range of elements to develop a sustainable business model. This business model takes into account ownership structure, communities, understanding requirements for funding, capacity, technology, financial models, environmental and market analysis, etc.
Project developers, and their stakeholders, regularly find a heavier burden to bring all the necessary pieces together on small to mid-size projects in Africa. Many project developers find that having the technical capacity and/or connections is not sufficient to develop a bankable project.
This workshop helps build a comprehensive and holistic knowledge set within the project developer community in Africa. It focuses on developing the business model from idea through feasibility. (The follow-up practicum covers from idea through funding with a heavier emphasis on middle to late stage project development.)
The workshop pays special attention to the early stage to middle stage project development process – from idea to feasibility – where a lot of time is wasted and gaps exist. These stages are also known as “project preparation.” The workshop is designed to assist project stakeholders to accelerate and be more efficient at managing projects. It also prepares project stakeholders for the remaining stages of the project development process.
This workshop is suitable for government agencies, private sector, communities, developers, technical teams, and technical support agencies. The workshop, and other options, is also excellent for building holistic capacity in organizations that develop and/or support projects in Africa.
SEE for Yourself
To get an idea of the project development process and the different activities, tools, and resources you will need and will get from the workshop, watch the webinar session below. It covers the project development process and project definition document of renewable energy projects. The process and project definition is similar for other industrial and infrastructure projects although content will vary depending upon the type of project.
You can also sign-up for FREE for the Understanding Project Preparation webinar series, which includes the first 13 sessions of the Developing and Structuring Bankable Projects in Africa on-demand webinar series but does not include access to tools, resources, support, or experts. Understanding Project Preparation can help you evaluate where you are with your project and whether you want to participate in the Developing and Structuring Bankable Projects program.
Best Way to Benefit from this Workshop
Project development costs are often 10% to 20% total project cost. The early and middle stages of project development can be anywhere from 1% of the total project cost and up, and are required before tapping significant funding options. So, if your project is $10 million to implement it can cost you easily more than $1,00,000 to see it through concept development (the business case), proof of concept (prefeasibilit and feasibility), funds attraction (pitching to funders and investors), and financial close (acquiring required funding). A feasibility study alone can be upwards of $100,000 in this example.
If you do not understand the process, requirements, procedures, tasks, and activities for project development, you will waste time, effort, money, and often valuable relationships. For example, the concept development phase is almost always funded by the project sponsor/developer (or close associates), so you want to make sure your money is well spent.
This workshop empowers you with a process, methodology, and tools to assist you in bringing the key resources, partners, and capital together whether you are the project sponsor/developer or another key stakeholder on the project. The fee for this workshop is a small investment compared to the potential return on investment. And you can use what you learn over and over again so that your investment multiplies.
We recommend that you use this workshop in the following way:
The workshop sessions are:
On-Demand Webinar Series Option
You can access the workshop anytime and anywhere with an annual Project Developer subscription, which gives you access to the session recordings, tools, and resources. New content is added regularly. If you want to try out the workshop, you can sign up for a Project Preparer subscription, which gives you access to 13 of the 22 sessions but does not include the tools or resources.
If you decide at a later point to take a live workshop, either online or face-to-face, you will receive 40% off the fee if you are signed up for the Project Developer subscription.
Live Webinar Series Option
For online participation, we offer the workshop in either a 24-week or 12-week format. If the workshop is offered as a webinar series over 24 weeks, workshop participants meet online for 1.5 hours a week. If the webinar series is over 10 weeks, workshop participants meet online twice a week for 1.5 hours each time. The same content is covered but in an adapted format to include both instruction and coaching. Also, industry experts, including funders and transaction advisors, help moderate different sessions.
The on-demand sessions are used as preparation for each live session.
Check our events page for live online workshops currently being offered.
For face-to-face engagement, the workshop is offered in a five-day format. Again, the same content is covered but in an adapted format to allow for interaction, Q&A, and activities. Also, industry experts, including funders and transaction advisors, help moderate different sessions. The on-demand seminar is provided as ongoing support and refresher for workshop.
Check our events page for face-to-face workshops currently being offered.
The follow-up practicum is designed to help project developers, and others, walk through the project development process through funding. Key project stakeholders receive support in building a sustainable business model for their projects. The practicum consists of:
Value Added Support*
After participants have completed the workshop and practicum, Afribiz can offer customized individual or group support to assist in carrying through financial close. For further information, contact our office.
Project Stakeholder or Private Group Custom Options*
Many organizations, industry, government agencies, and project teams will find value in having the workshop, practicum, and/or value added support tailored to the needs of their projects. The methodology, framework, and tools provided enable teams to have a common understanding, capacity, and execution methodology that brings all key stakeholders to the table.
Afribiz’s approach is to format the engagement as a project team ramp-up versus a general workshop and/or practicum. This allows the project to advance at the same time the team (key stakeholders) is developing and capacity is being built. This model of capacity building has been shown to be of greater value since the tasks and methodology are fully contextualized to a current project. For further information, contact our office.
*These options are not part of the workshop, so therefore, they have separate pricing structures. The options are made available upon request, contact us if you are interested in learning more.
These are the steps to complete to successfully work your way through the Project Development path.
Step 24, Developing, Implementing, and Monitoring a Venture Development Plan, pulls together the previously addressed tasks and activities for venture development into a project plan that can be implement and monitored. It adds a means to manage the venture development process to assist in staying on track with the venture development process. It also sets a precedence that is used when reporting to key stakeholders like investors.
Step 23, Refining the Value Proposition, pulls together the elements of the venture’s business model through its various strategies and presents a framework for documenting, aligning, and monitoring the strategies. As a result of investigating elements of the business model more fully as a part of either generating a Concept Document or completing the Proof of Concept stage, you are able to refine the value proposition to a new level.
The following are the sessions provided for the Project Development path.
Step 22, Constructing Revenue, Cost, and Financial Management Structures, addresses the financial picture and economic viability of the venture’s business model. In addition to covering revenue and cost structures, you are given tips and tools to manage cash flow and establish financial statement reporting.
Step 20, Leveraging and Developing Marketing (Distribution) Channels, covers developing the marketing channels to deliver products and services to customers. It discusses the variables you need to understand in order to organize marketing channels and how these channels fit into the bigger picture of supply chain, which is addressed in the next step.
Step 19, Analyzing Competitors and Collaborators, consists of methods for gaining a deeper understanding of competitors, complementors, and collaborators of the venture. The focus of competitive analysis should shift from direct competition to discovering how to build synergies and collaborate with the right firms to augment the venture’s offerings.