Project Appraisal: Identification, Policy Analysis & Selection

A PMI Registered Training Course

Project Appraisal: Identification, Policy Analysis & Selection

Strategic Decision Analysis, Project Life Cycle, Project Analysis Under Uncertainty

NASBA PMI
Classroom Schedule
Date Venue Fees
13 - 17 Oct 2025 New York $ 6,950
08 - 12 Dec 2025 Vienna $ 5,950
05 - 09 Jan 2026 London $ 5,950
23 - 27 Mar 2026 Kuala Lumpur $ 5,950
20 - 24 Apr 2026 Dubai $ 5,950
27 - 31 Jul 2026 Dubai $ 5,950
07 - 11 Sep 2026 London $ 5,950
12 - 16 Oct 2026 New York $ 7,950
07 - 11 Dec 2026 Vienna $ 5,950
Online Schedule
20 - 24 Apr 2026 Online $ 3,950
28 Sep - 02 Oct 2026 Online $ 3,950

Introduction

The decision whether or not to invest a substantial amount in a new capital project is made with a lot of uncertainty. People involved in creating project proposals may have expertise in technical fields, but may also lack training to make a comprehensive analysis of whether their project really is the best idea to go forward with. Given that projects and capital expenditures often consume a significant part of the finances of the organisation, it is vital that those involved in them can make high quality objective decisions about which proposals are likely to have the best results, before commitments to development work and substantial expenditures are made.

This Project Appraisal: Identification, Policy Analysis & Selection training course covers the policy evaluation and strategic project analysis and selection techniques that are a critical part of this decision-making process and considers the quantifiable elements of projects as well as the dependencies and risk factors relating to them. Specific financial and risk analysis methodologies are addressed in subsequent course. 

This GLOMACS training course will highlight:

  • The importance of strategic approach to thorough project identification, definition, planning and appraisal
  • The elements and practical applications of various planning and appraisal methods
  • Contemporary concepts of policy issues, strategic context and project decision analysis
  • Introduction to an integrated project appraisal, including strategic needs analysis, cost and time estimates, technical, environmental and social evaluation to drive a justifiable value for money decision
  • Tools and techniques of dealing with risk and uncertainty in project decisions
  • Combination of a range of specialist appraisal tools into an integrated, robust project selection process
  • An appreciation of limitations of rational decision processes and strategies to address such limitations

Objectives

This Project Appraisal: Identification, Policy Analysis & Selection training course will provide an insight into how contemporary organisations can meet the challenge to pick the best projects against a context of incomplete information, high uncertainty and limited resources.

This training course will focus on the best tools to manage the project appraisal process: identifying, defining, planning and evaluating projects using a range of methodologies designed to maximise project value.  It will provide an understanding of key inputs from these appraisal processes into the linked mechanisms of economic and financial assessment.

By the end of this training course, participants will be able to:

  • Appreciate the strategic context and implications of project appraisal decisions
  • Describe and apply the key methodologies of project planning, estimating and appraisal
  • Appreciate the advantages and limitations of different planning, estimating and appraisal techniques
  • Understand the ways to make decisions under risk and uncertainty
  • Analyse the key policy and evaluation issues and develop an integrated project selection approach
  • Apply effective strategies to address typical errors and biases in project appraisal decisions

Training Methodology

This Project Appraisal: Identification, Policy Analysis & Selection training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented.  The daily workshops will be highly interactive and participative. This will involve regular discussions on key concept in project appraisal, the uses and limitations of various techniques, and how best to identify, evaluate, select and structure these high value undertakings.

Organisational Impact

Application of sound project appraisal techniques will enable the organisation to forecast potential future conditions that might create strategic opportunities or jeopardise project success, thereby not only maximizing the organisation's return on capital invested in projects, but also improving its reputation for delivering positive outcomes.

Personal Impact

By the end of this training course, your contribution to your organisation will have been significantly enhanced. You will be able to:

  • Understand the benefits likely to be achieved through projects initiated after proper strategic appraisal and selection processes
  • Apply tools and techniques that deploy latest best practices in project definition, planning and appraisal
  • Discover how to evaluate and compare alternative/competing project investment options, and recommend projects with optimal potential value for further detailed financial and risk analysis
  • Effectively present and influence investment decisions

Who should Attend?

This Project Appraisal: Identification, Policy Analysis & Selection training course is suitable to a wide range of professionals involved in the development, appraisal, implementation and management of projects. Those with previous experience in project appraisal will be able to share their expertise with others, the broad base of participants ensures that everyone benefits from a wide range of sector and policy perspectives.

This training course will particularly benefit:

  • Project and Contracts Personnel in both public and private sectors
  • Technical Specialists seeking broader perspectives of project planning & implementation
  • Government Officials, Ministries, Public Sector Agencies
  • Project Financiers, Developers, Sponsors, Consultants
  • Risk Management Personnel
  • Project Management Professionals
Course Outline
Day 1

Strategic Context of Project Decision Analysis

  •  What is Project Management Decision Analysis?
  • Project Management Maturity
  • Managing Programs and Portfolios
  • Strategic Planning and Policy Context
  • Typical Project Organisation Structures and Implications for Project Investment Decisions
  • Using Subcontractors
  • Key Issues Addressed by Project Appraisal
  • Market Analysis
  • Technical Analysis
  • Environmental and Social Analysis
  • Understanding Stakeholders
Day 2

Defining Project Scope and Estimating Timeline 

  • Project Life Cycle
  • Project Initiation
  • Uncertainty in Project Selection and Planning Decisions, Stage Gate Approach
  • Project Trade-offs
  • Understanding and Managing Project Scope
  • Projecting Project Timeline
Day 3

Evaluating Project Costs 

  • Fundamentals of Budgeting and Cost-control
  • Estimating Methods
  • Dealing with Uncertainty in Estimates
  • Resource Allocation and Cashflow Estimates
  • Value for Money Decisions
  • Important Cost Considerations: Whole of Life Costs, Cost of Quality and Uncertainty
  • The Contents of a Project Plan
Day 4

Project Analysis Under Risk And Uncertainty

  • Project Risk Considerations
  • Risk and Contingency Analysis
  • Thought Leadership on Risk and Uncertainty in Projects
  • Making Rational Strategic Choices
  • Selecting Projects to Meet Organizational Goals
  • Decisions under Certainty, Risk and Uncertainty
Day 5

Strategic Project Selection 

  • Project Feasibility Studies – An integrated evaluation
  • Introduction to Scenario and Sensitivity Analysis - Decision Trees
  • Psychological Aspects of Investment Decisions: Before You Make That Big Decision
  • Influencing 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 Sponsors, one CPE credit is granted per 50 minutes of attendance.
  • The certificate will also have a PMI Course Identifier, which will enable the learners to claim Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI) towards certification or recertification of PMI credentials.
Providers and Associations

Endorsed Education Provider

NASBA
PMI

Frequently Asked Question:

GLOMACS offers both online andperson training options. You can choose from interactive virtual sessions or attend one of our globally locatedperson training courses. The flexibility ensures that learning fits your schedule and preferences.
Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.
Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions,on activities, and interactive Q&A sessions to maximize learning outcomes.
For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.
You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.
Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability,recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.
GLOMACS is a globally recognized leader in professional training and development, with a reputation for deliveringquality,driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online andperson), and accredited certifications that add real value to your career.

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Options & Brochure
This training course is also a part of the 10-Day Titles:
Project Policy & Financial Appraisal
Decision Analysis, Funding Source, Modelling Cash Flow and Challenges of Economic Decision
View Course
Project Appraisal and Risk Management
Drivers and Methodologies towards Project Success
View Course
You may also be interested in...
PMI - Project Management Office Certified Professional (PMI-PMOCP)
Mastering PMO Practices for PMI-PMOCP Certification Success
17 - 21 Nov 2025
map Houston
$6,950
View Course
Mastering Project Metrics, KPIs and Dashboard
Maximising Project Value Through Effective Metrics and Dashboard Design
06 - 10 Oct 2025
map Paris
$5,950
View Course
Certificate in Strategic Project Management
Delivering Projects Successfully and Achieving Strategic Goals
17 - 21 Nov 2025
laptop Online
$3,950
View Course
Project Appraisal, Advanced Cash Flow & Working Capital Management
23 Mar - 03 Apr 2026
map Berlin
$11,900
View Course
Advanced Monitoring and Evaluation of Projects
Enhancing Project Success through Effective Evaluation Techniques
08 - 12 Dec 2025
laptop Online
$3,950
View Course
Artificial Intelligence (AI) in Contract and Project Management
Leveraging AI for Optimized Contracting and Project Delivery
06 - 17 Oct 2025
laptop Online
$7,900
View Course
Construction Management for the Project Professional
How to Optimize Construction Project Time and Cost while Improving Quality
08 - 12 Dec 2025
map Dubai
$5,950
View Course
Primavera P6 Professional Project Management
Enhancing Project efficiency using Oracle Primavera P6 Professional
08 - 12 Dec 2025
map Dubai
$5,950
View Course
Glomacs Training
GLOMACS Training & Consultancy
Typically replies within an hour
Olivia
Hi there 👋
My name is Olivia. Please tell me how I can assist you..
17:03