Project Appraisal:  Financial and Economic Factors

A Project Management Institute, Inc. (PMI)®Registered Training Course

Project Appraisal:
Financial and Economic Factors

Source of Funding, Valuation Methods,
Financial Viability and Risks

Scheduled Dates

Classroom

10 - 14 Jun 2024 Dubai - UAE $5,950 RESERVE A SEAT
09 - 13 Sep 2024 London - UK $5,950 RESERVE A SEAT
14 - 18 Oct 2024 New York - USA $6,950 RESERVE A SEAT
09 - 13 Dec 2024 Vienna - Austria $5,950 RESERVE A SEAT
13 - 17 Jan 2025 London - UK $5,950 RESERVE A SEAT
24 - 28 Feb 2025 Dubai - UAE $5,950 RESERVE A SEAT

Online

10 - 14 Mar 2025 Online $3,950 RESERVE A SEAT

Course Description

Introduction

This Project Appraisal: Financial and Economic Factors training course aimed to equip the participants with modern and sophisticated tools and techniques. They will acquire essential skills to value investment opportunities using various techniques, source of funds available to the firms at different stages, techniques for risk assessment and measurements, and sufficient cash flow management.

Making effective and sound investment decision is critical in a contemporary business environment. In a competitive economy, financial decisions play important roles in achieving organisations goals and contributing to the economic growth. Decision making process requires skills to effectively assess organisation’s capabilities and opportunities using various methods. Organisations are constantly facing very dynamic and volatile market conditions that requires effective and thorough skills when making decision is such environment.

Choosing the appropriate technique in making financial decisions is challenging in today’s economic climate due to rapid changes in organisations’ risks. The most comprehensive tools in assessing investment opportunities include: Net Present Values (NPV), Internal Rate of Returns (IRR), Payback rule and Option valuation.

This GLOMACS "Project Appraisal: Financial and Economic Factors" training course will highlight:

  • The analysis of investment decisions using time-adjusted measures and real options techniques
  • Acquire an understanding of the fundamentals of effective management of cash flow
  • How to value investments using a range of techniques?
  • Understanding short-term and long-term funds available to firms
  • The nature of financial statements and the key financial tools and techniques in the broader context of how and where they are applied for the assessment of business performance

Objectives

By the end of this "Project Appraisal: Financial and Economic Factors" training course, the participants will be able to: 

  • Use different techniques to evaluate investment performance
  • Improve management skills and increase their value to the organization
  • Understand and use analytical tools and techniques using real-world examples
  • Make (and/or) contribute to strategic financial decisions and risk assessments
  • Understanding the implication of inflations to business decisions

Training Methodology

This "Project Appraisal: Financial and Economic Factors" training course will be conducted along workshop principles with formal lectures and interactive worked examples. Relevant cases will be used to illustrate the application of each tool in an operation environment. Each learning point will be re-enforced with practical exercises. The instructor will clearly explain and demonstrate how these techniques are applied using a real-life example.

Organisational Impact

The participants in this "Project Appraisal: Financial and Economic Factors" training course will provide benefits for their organisation through the enhanced knowledge and set of skills that they will take back to the workplace: 

  • Able to analysis various business problems but will also be able to evaluate various courses of action and make sound recommendations
  • Ability to use the latest and flexible techniques in project valuations
  • Understand how to apply different financial skills
  • Using relevant techniques and analysis in a work situation.
  • Knowledge gained can be shared amongst other departments of the company
  • New skills to make more informed and hence better management decisions

Personal Impact

By attending this training course, you will:

  • Able to make more informed and hence better financial decisions
  • Using various models and techniques relevant to the valuations
  • Enhanced financial and decision-making skills
  • Improve your importance and ability to contribute effectively to your organization’s goals and the economic growth
  • Develop professional skills, powers of analysis, evaluation, and decision-making
  • Able to enhance your skills in financial analysis

Who should Attend?

This "Project Appraisal: Financial and Economic Factors" training course is a suitably wide range of professionals but will significantly benefit: 

  • Financial Analyst
  • Financial Managers
  • Risk and Return Analysts
  • Financial Planner Specialists
  • Financial Risk Assessment Specialists
  • Merger and Acquisitions Specialists
  • Managers and those with financial responsibilities
  • Financial Decision-makers, whose techniques of decision making, and analysis will be improved through attendance
  • Professionals acting upon the financial decisions of others, who will gain  an appreciation for decision making thereby ensuring shared values within the organisation
  • Managers involved in planning, risk assessments and decision making

Course Outline

DAY 1
Source of Finance                                      
  • Potential Funding Sources
  • Financing Options:
    • Long Term Source of Finance
    • Short Term Source of Finance
  • Evaluation of the Types of Finance
  • Equity Finance
  • Debt Finance
  • Hybrid Finance
  • The Cost of Weighted Average Cost of Capital (WACC)
  • Capital Asset Pricing Model (CAPM)
  • Measures of Risks
DAY 2
Investment Decisions
  • The Most Appropriate Valuation Techniques for Different Economic Sectors
  • Applying Time-adjusted Measures
  • Social Cost-benefit Analysis in Project Appraisal
    • Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Method
  • Decision-making using NPV
  • Modified Internal Rate of Return (MIRR)
  • Integration of Financial, Economic and Social Appraisals to Investment Decisions
  • Impact of Inflation on Financial Viability and Risks
  • Foreign Exchange Risks
  • Financial and Economic Analysis for Selecting a High-quality Project
  • Sensitivity Analysis, Scenario Analysis and Simulation
DAY 3
Managing, Controlling and Modelling Cash flow
  • Development of the Cash Flow Statement
  • Cash vs. Profit
  • The Cash Conversion Cycle
  • Calculating and Managing the Cash Flow Cycle
  • Cash Flow Ratios
  • Working Capital Ratios
  • The Cost of Maintaining Working Capital
  • Maintaining the Optimum Level of Working Capital
  • Preparing a Monthly Cash Flow Forecast
DAY 4
The Challenge of Financial Economic Decision-Making
  • The Practice of Financial / Economic Analysis
  • The Value-creating Company
  • Corporate Value and Shareholder Value
  • A Dynamic Perspective of Business
  • The Agency Problem and Corporate Governance
  • What information and data to use?
  • The Nature of Financial Statements
  • The Context of Financial Analysis and Decision-making
DAY 5
Revisit the Key Concepts in Decision Making
  • Course Summary and Checklists
  • Cash Budgets & Capital Budgets Reviewed
  • Financial Skills and Further Development
  • Re-visit Cash Flow Management
  • Key Challenges in Decision making

Certificates

  • On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates

Providers and Associations

ENDORSED EDUCATION PROVIDER

GLOMACS is proud to be an Authorized Training Partner (ATP No. 2759) with PMI®. As an ATP, GLOMACS is authorized to issue applicable Professional Development Units (PDUs) and Educational Contact Hours to participants of any of its PMI® approved training courses for PMI® Certification and Re-Certification.

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.

IN ASSOCIATION WITH
PetroKnowledge
PetroKnowledge
Oxford Management Centre
Oxford Management Centre
The Energy Training Centre
The Energy Training Centre

Options & Brochure

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5-Day Training Courses Project Management Certified Training Courses

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