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TSM342Social Sciences2 Unitsintermediate

Concept, Design And Feasibility I

This course introduces learners to tourism design and feasibility studies. It covers cost estimation, technical, management, and financial aspects of tourism businesses. The course provides fundamental knowledge of new trends and innovations in tourism business investment decisions and profitability. Learners will gain skills in developing business plans, managing cash flow, and evaluating investment opportunities. The course aims to equip learners with the ability to make informed decisions in the tourism industry.

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20h
Study Time
13
Weeks
2h
Per Week
intermediate
Math Level
Course Keywords
TourismFeasibility StudyBusiness PlanProject FundingInvestment Analysis

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
📊
Math Level
Moderate Math
🔬
Learning Type
Hands-on Practice

Course Topics

Key areas covered in this course

1

Tourism Entrepreneurship

2

Feasibility Studies

3

Business Planning

4

Project Funding

5

Cash Flow Forecasts

6

Investment Analysis

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Tourism Manager

Apply your skills in this growing field

Project Manager

Apply your skills in this growing field

Business Analyst

Apply your skills in this growing field

Investment Analyst

Apply your skills in this growing field

Entrepreneur

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

HospitalityTravel AgenciesTourism BoardsResortsEvent Planning

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1:

2h

Unit 1: Tourism, Entrepreneurship and Innovation

2 study hours
  • •Understand the nature of tourism, including its demand and supply.
  • •Explore the roles of tourism entrepreneurs and the importance of innovation.
  • •Differentiate between tourism entrepreneurship and entrepreneur.
Week
2

Module 1:

2h

Unit 2: Tourism Business Feasibility Study

2 study hours
  • •Learn the uses of tourism business feasibility studies.
  • •Identify key segments in a tourism investment feasibility study.
  • •Explore information collection methods for feasibility studies.
Week
3

Module 1:

2h

Unit 3: Tourism Project Feasibility Report

2 study hours
  • •Understand the contents of a tourism project feasibility report.
  • •Identify the features of a tourism project feasibility report.
  • •Practice writing a feasibility report.
Week
4

Module 1:

2h

Unit 4: Tourism Project Funding

2 study hours
  • •Explore sources of tourism project funding.
  • •Analyze the uses of tourism project funding.
  • •Understand cash flow statements.
Week
5

Module 1:

2h

Unit 5: Tourism Business Plan and Planning

2 study hours
  • •Overview of a business plan.
  • •Identify types of business plans.
  • •Understand the steps in the business plan process.
Week
6

Module 2:

2h

Unit 1: Tourism Business Simple Cash Flow Forecasts

2 study hours
  • •Understand the significance of cash flow forecasts.
  • •Identify and understand simple cash flow principles.
  • •Apply the principles of cash flow when developing a cash flow statement.
Week
7

Module 2:

2h

Unit 2: Tourism Project Cycle Management and Application

2 study hours
  • •Describe the process of project cycle management.
  • •Understand the application of project management by the World Bank.
  • •Analyze the project cycle stages.
Week
8

Module 2:

2h

Unit 3: Tourism Project Planning and Control

2 study hours
  • •Understand project planning and control.
  • •Learn to manage projects as closed systems.
  • •Improve scheduling of project tasks.
Week
9

Module 2:

2h

Unit 4: Tourism Business Financing and Objectives

2 study hours
  • •Explain the principle of financial analysis.
  • •Describe the roles of credit officers.
  • •Investigate loan requirements of a project.
Week
10

Module 2:

2h

Unit 5: Tourism Business Financing and Related Risks

2 study hours
  • •Discuss the risk minimization process.
  • •Identify types of risks.
  • •Understand risks common to both construction and operational phases.
Week
11

Module 3:

2h

Unit 1: Tourism Business Financial Cost and Benefits Analysis

2 study hours
  • •Explain the theory of cost-benefit analysis.
  • •State the importance of cost-benefit analysis.
  • •Discuss the various methods of estimating costs.
Week
12

Module 3:

2h

Unit 2: Tourism Business Breakeven Analysis

2 study hours
  • •Discuss what break-even point defines when an investment will generate a positive return.
  • •Illustrate the fact that total fixed costs do not change as the level of production increases.
  • •Apply break-even analysis to investment decisions.
Week
13

Module 3:

4h

Unit 3: Tourism Project Financial Statements

2 study hours
  • •Describe cash flow statements.
  • •Explain the various changes that occur over the period on the balance sheet.
  • •Understand the core element in working capital: the management of cash flows.

Unit 4: Tourism Project Budgeting Techniques

2 study hours
  • •State the purposes of cash budgeting.
  • •Discuss the various types of cash budgeting.
  • •Compute a cash budget.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a detailed study schedule allocating specific time slots for each unit.

2

Focus on understanding key financial concepts like NPV, IRR, and break-even analysis.

3

Practice writing feasibility reports and business plans using case studies.

4

Review all Tutor Marked Assignments (TMAs) and Self-Assessment Exercises (SAEs).

5

Create concept maps linking different modules and units to understand the interconnectedness of the course content.

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