The Methodological Framework of Feasibility Study to Support Strategic Planning

Abstract

During the last decades, strategic planning has spread across Italy so that, nowadays, a quite large number of cities have their own plan. This paper aims to provide an insight into the role of the financial evaluation in supporting the implementation of strategic planning projects, under the methodological framework of the Feasibility Study. By discussing the case study of the Strategic Plan of Palermo, the paper highlights strengths and weaknesses of action projects and their dependence both on exogenous and endogenous factors. The paper concludes by stressing the role of financial evaluation as a means to identify weaknesses able to affect the project implementation, as well as to highlight the conditions to be exploited in order to improve the probability of success of strategic projects

Effect of Strategic Planning of Human Resources in Management Performance

“…This was confirmed by many studies, which indicated the positive impact of the availability of infrastructure services due to their importance in achieving sustainable development [2]. It contributes to an increase in the GDP, which is reflected in the standard of living conditions in the country [3]. Considering the uncertainty surrounding the organization at present, it has become necessary for it to estimate its future needs of human resources (HR) with different skills, competencies, and specializations to choose the best ways to provide these needs based on the strategic planning of human resources.…”

“…A good talent plan can help increase the effectiveness of a talent, which is characterized by a high level of competence, ability, and willingness to work, resulting in lower financial costs and a corresponding balance of supply and demand. Understanding project needs-based resources and talent planning are some of the latest management methods for predicting quantitative and qualitative needs, which are supported by Bonifaci [3] and Ramos et al [39].…”

“…A human resource information system includes self-assessment of employees' skills, knowledge, and interests, with the inclusion of employee development and assistance in decision-making about their career goals. By organizing job and employee assessment tests within the system, these results can be used to determine employment potential and capacity development [3,19]. The system creates a list of actions and reduces the amount of time spent on these lists [22].…”

“…The most essential characteristics for the company are the project's occurrence and lease, the estimated duration, and the expected cost, which are all outputs from the generator. In addition to this, Bonifaci et al focused their research on the role of financial value in assisting feasibility studies within the methodological framework of feasibility studies [3]. However, this paper focuses on the strengths and weaknesses of a business project, as well as its reliance on external and internal factors by discussing the Palermo Strategic Planning case study.…”