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| Dubai - UAE , || 20190929 29 Sep - 03 Oct 2019||$3,750|| Register|
| Vienna - Austria , || 20191104 04 - 08 Nov 2019||$4,750|| Register|
| Dubai - UAE , || 20191215 15 - 19 Dec 2019||$3,750|| Register|
Large capital projects require substantial and risky investments in the acquisition, operation and maintenance of new organizational assets. To safeguard the organization’s investment and to protect it from potential financial and operational risks, it is vital to engage in a systematic and comprehensive project appraisal process prior to the investment, and to develop a detailed cash-flow analysis to determine the expected returns to the organization under varying conditions of uncertainty over the expected productive life of the project.
This includes the development of a sound, realistic, and carefully structured financing plan, reflecting both the initial capital expenditures required for the acquisition of the asset, as well as the operational expenditures required for the successful operation and maintenance of the asset over its anticipated productive life.
This 5-day training programme will enable delegates to perform detailed and comprehensive appraisals of capital projects, protect the investment of the organization, understand and apply the principles and methods of engineering economics, financial management, cash flow analysis and risk management
The important features of the Project Appraisal: Financial & Economic Factors training course are:
- Detailed and comprehensive appraisals of capital projects to ensure the achievement of the organization’s financial and strategic goals
- Protect the investment of the organization in capital-intensive assets
- Understand and apply the principles and methods of engineering economics
- Merge the processes of financial management, cash flow analysis, and risk management to ensure profitable projects
By attending this course, delegates will learn how to:
- Apply discounted cash flow analysis to project evaluations
- Perform present and annual value calculations (NPV and EAV)
- Determine the project’s internal rate of return (IRR) as the basis for establishing the risk exposure to the organization
- Evaluate and rank various project alternatives using tools such as NPV, IRR, BCR, EAV/C
- Incorporate risk analysis into the cash flow predictions during project feasibility studies
- Consistently manage project cash flows and predict outcomes and problems that require early interventions
The Project Appraisal: Financial & Economic Factors training course is designed for:
- program and project managers
- project leaders & project engineers
- cost engineers, and
- other senior project control and business services professionals who are responsible for or involved in securing project financing and managing cash flow on projects.
Delegates will develop advanced financial engineering, cash flow and risk management skills through formal and interactive learning methods. The program includes individual exercises, team projects, applicable case studies, group discussions and video material that will bring to life the skills acquired throughout the course.
The material has been designed to enable delegates to apply all of the material with immediate effect back at the office.
The program does not assume prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of engineering economics and financial appraisal.
Pre & Post course assessments will be used to measure the effectiveness of this training.
DAY 1 -Fundamental Principles of Economic Appraisal
DAY 2 - Rate of Return (IRR), Benefit-Cost Ratio (BCR) and Cost of Capital
DAY 3 -Financial Project Risk Analysis and Expected Value
DAY 4 -Financial Scenario Planning - Case Study
DAY 5 - Financial Modeling and Project Evaluation
Section Five deals with the essential elements of a detailed cash flow analysis, with specific attention to the various categories of cost, inflation, taxation, depreciation and interest to determine the financial feasibility of the investment over the life of the project.
- Preparing cash flow projections
- Incremental costs and benefits
- Working capital requirements and operating costs
- Forecasting Cash Flows
- How to deal with inflation
- How to deal with uncertainty and risk
- Risk premiums
- Pessimistic and optimistic forecasts
- Opportunity costs and sunk costs
- Determining the economic life of a project
- Quantifying the effects of inflation
- Effects of inflation on working capital
- Effects of inflation on taxation
- Effects of inflation on cost of capital
- Variable inflation rates over the life of the project
- Relevant cash flows over differing time horizons
- Straight-Line method
- Declining Balance method
- Interest, insurance and tax costs
- Corporation tax rates
- Taxable profit
- Capital allowances
- Incorporating tax in cash flow models
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