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Course Schedule
Classroom Sessions:
Date Venue Fees
22 - 26 Apr 2024 Amsterdam - The Netherlands $5,950
08 - 12 Jul 2024 Dubai - UAE $5,950
16 - 20 Sep 2024 London - UK $5,950
25 - 29 Nov 2024 Barcelona - Spain $5,950
21 - 25 Apr 2025 Amsterdam - The Netherlands $5,950
Course Description

INTRODUCTION

The current economic environment has imposed many challenges to organisations around the globe irrespective of their sectors. Companies are eager to invest in new projects to maximize their success, but at the same time keen to learn the key techniques in evaluating the costs-benefits and risk associated with the new projects. A knowledge of thorough analysis of cost-benefits and risk, allows organisations to take on more complex and novel projects that only few organisations have the capabilities to understand the importance of such projects to their strategic goals.

This training course offers the delegates insights into  how to evaluate the cost-effectiveness and risk of new projects. Participants will enhance their skills in analysing new projects investments, risk measurements, accounting for the impact of inflation and various cost estimation techniques. The training will be using various proven techniques to ensure that delegates maximize their understanding of different methods and techniques presented during the training. New concepts and techniques are introduced gradually to match delegates’ knowledge and progress from fundamental to advanced concepts.  

This GLOMACS Investment Projects training course will highlight how to:

  • Apply relevant techniques in assessing the cost-benefit of the new project
  • Risk estimations for new projects
  • Understanding the implications of different source of project financing
  • An insight into various types of cost estimations
  • Apply proper risk analysis in mitigating risks at minimal costs, and to determine appropriate contingencies for residual risks.

Objectives

  • Delegates will be acquainted with present value techniques
  • Master cost-effectiveness and risk measurement for the projects.
  • Understanding various types of finance available.
  • A good understanding of how to evaluate various criteria to make investment decision.
  • Apply techniques used in project estimation from the conceptual stage to the final detailed estimate

Training Methodology

This Investment Projects training course will be structured as a workshop with formal presentations, interactive worked examples, and simulations. Relevant examples are provided to illustrate the application of each of the topics covered and opportunities are provided to learn and apply the techniques

Organisational Impact

The organisation will benefit from the development and practical application of advanced skills in project investment as well as from raised awareness of important recent developments in the market.

Specific benefits for the organisation from this Investment Projects training course include:

  • Knowledge of the investment decision process
  • Development of skills in critical analysis and estimation of cost-benefit related to the project
  • Raised awareness of new financial opportunitie
  • Ability to assess the risks related to the project
  • Advanced skills in cost estimation.

Personal Impact

Participants will benefit from updated knowledge and practical skills in assessing the cost, benefit and risk related to the project. Participants will have:

  • Deeper understanding of how to evaluate the cost-benefits of new projects
  • The ability to make investment decisions in uncertain environment
  • A good understanding of various finance options available for new projects
  • A better understanding of the risk assessments
  • Knowledge about project cost estimation techniques

WHO SHOULD ATTEND?

This Investment Projects training course is suitable to a wide range of professionals but will greatly benefit:

  • Managers who are already comfortable with accounting and financial vocabulary
  • Non-Financial Managers willing to understand the cost-benefits analysis of new projects
  • Project Cost Estimators
  • Project Planners and Schedulers
  • Contracts Professionals
  • Project Control and Business Services Professionals
Course Outline

DAY 1

Cost Estimating Basics

  • Project management and its importance for the organisation
  • Common methods for costing new project.
  • Understanding project management and cost estimation.
  • Estimating cash flow related to the project.
  • The cash flow conversion cycle for the new project.
  • The importance of working capital for the project.
  • The importance of maintaining optimum level of working capital

DAY 2

Project Cost Analysis Techniques

  • Cost Behaviour and Activities
  • Fixed and Variable Costs, Direct and Indirect Costs for the Project
  • Cost Allocation and Absorption of Overheads for the Project
  • Absorption versus Full Costing
  • Project Activity Based Costing (ABC)
  • Marginal Costing for the Project
  • Cost-Volume-Profit (CVP)
  • Scenario and sensitivity analysis using Excel

DAY 3

Project Appraisal and Capital Budgeting

  • The Time Value of Money for the Project
  • Future versus Present Values
  • Capital investment for Project Appraisal
  • Net Present Value (NPV); Internal Rate of Return (IRR); Modified Internal Rate of Return (MIRR
  • Project Risk Analysis
  • Simulation analysis for the NPV break-even
  • Capital Rationing
  • Capital Budgeting and the Profitability Index (PI)

DAY 4

Source of Finance

  • Potential Funding Sources for the Project
  • Project Financing Options:
    • Long Term Source of Finance
    • Short Term Source of Finance
  • Evaluation of the Types of Finance available for the Project
  • Equity Finance  versus Debt Finance for the Project.
  • The Cost of Weighted Average Cost of Capital (WACC) for the Project
  • Measures of Risk for the Project.
  • Identify uncertainties and take mitigative or responsive action

DAY 5

Budgeting: Principles and Key Concepts

  • Understanding the Context for Budgeting
  • The Benefit of Budgeting and its Role for Achieving Organizational Targets
  • The Shortcomings of the Budgeting Process
  • Principles of Budgeting
  • Main Issues with Budget Preparation
  • How budget influence project investment decisions
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy 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.NASBARegistry.org

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