Home / Project Management (PM) / Project Appraisal, Advanced Cash Flow & Working Capital Management

Course Schedule

Classroom Sessions:

Date	Venue	Fees
23 Mar - 03 Apr 2026	Berlin - Germany	$11,900

Course Description

MODULES

This training course is split into two modules:

MODULE I - Project Appraisal: Financial and Economic Factors

MODULE II - Advanced Cash Flow & Working Capital Management

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.

Course Outline

Module 1: Project Appraisal: Financial and Economic Factors

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

Module 2: Advanced Cash Flow & Working Capital Management

DAY 6

Foundation Principles

Identifying and Meeting Stakeholder Needs
Fundamentals of Cash Flow and Working Capital
Principles of Business Accounting and Financial Statements
The Vital Difference between Profit and Cash Flow
Analysing and Interpreting the Cash Flow Statement
The Drivers of Cash Flow, Liquidity and Solvency

DAY 7

Understanding and Improving Operating Cash Flow

Understanding Cost Behaviour
The Cost - Volume - Profit Relationship
The Drivers of Profit and Shareholder Value
Measuring and Managing - Return On Investment
Measuring and Managing - Asset Management Efficiency
A strategic Approach to Cost Reduction

DAY 8

Understanding and Optimising Working Capital

How Working Capital Drives Financial Performance
Understanding the Working Capital Cycle
Practical Tools to Optimise Inventories
Practical Tools to Optimise Trade Receivables
Minimising Cash Float and Accelerating the Cash Cycle
Using Improvements to Financial Systems to Improve Cash Flow

DAY 9

Understanding and Managing Business Funding and Investment

Sources of Business Funding
Measuring and Managing – Capital Structure and Risk
Calculating the Cost of Capital
Principles of Capital Budgeting
Using Excel’s Discounted Cash Flow Analysis Tools
A Cash Flow Based Approach to Capital Investment Decision-making

DAY 10

Cash Flow Planning and Forecasting

Approaches to Managing Cash Resources
Cash Flow Forecasting Methods
An Integrated Approach to Risk Management
Techniques for Managing Risk
Building a Key Driver Cash Flow Forecast
Sensitivity Testing Cash Flow Forecasts

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

A PMI registered mark

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

Options & Brochure

Related Categories

Project Management (PM)

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A PMI Registered Training Course

Project Appraisal, Advanced Cash Flow & Working Capital Management