Project Financial & Risk Appraisal

Introduction

If an important capital project does not achieve the financial and economic goals of the promoter organisation, it can result in financial losses, waste of resources and impacts across wider reputational spheres. The aim of this training course is to avoid such situations by giving participants the tools and techniques of modern economic and financial project appraisal.

Careful risk assessment in the project planning and appraisal phase is key to ensuring the successful outcome of large projects and the wider growth of the organisation and economy.

The 10-day training course on Project Financial & Risk Appraisal aims to equip delegates with modern tools and techniques.  Delegates will acquire skills of project evaluation and selection, identifying and comparing economic, social and other measurable elements of projects, as well as the dependencies and risk factors relating to them.

This GLOMACS training course will highlight:

• The importance of thorough project identification and appraisal using latest economic analysis of investment decisions
• Understanding the fundamentals of effective management of cash flow
• Modern concepts of risk assessment
• The advantages, disadvantages and practical applications of various risk management tools
• The increasingly important role of public-private partnership (PPP) as a risk controlling solution for delivering successful projects

Modules

This training course is split into the following modules:

Module I - Project Appraisal: Financial and Economic Factors

Module II - Project Risk Analysis & Management

Objectives

This interactive and practical Project Financial & Risk Appraisal training course will provide an insight into how procurement organisations can meet the challenge to pick the best projects against a context of limited resources. It will provide an understanding of key issues in economic and financial assessment.

It will take you through the key stages of project risk assessment, and provide guidance on risk management tools to improve project outcomes. This training course will conclude with an in-depth review of the most widely used mechanism for major projects, the public-private partnership (PPP) contract, identifying, assessing and allocating the principal issues in adopting a PPP model. 

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

• Understand and use economic & financial analytical tools and techniques using real-world examples
• Prepare a risk identification process within a project appraisal
• Make (and/or) contribute to strategic financial decisions and risk assessments
• Appreciate the suitability of differing risk management solutions
• Recognise the benefits of the PPP project model

Training Methodology

This Project Financial & Risk Appraisal training course will utilise a variety of proven adult learning techniques including formal lectures and interactive worked examples to ensure maximum understanding and retention of the information presented. The daily workshops will be highly interactive and participative. There will be regular discussion on key concepts in economic evaluation of options, the uses and limitations of various techniques, and introduction to risk identification, appraisal and management, the uses and limitations of various techniques, and how best to select and structure high value projects.

Organisational Impact

Application of sound project appraisal and economic evaluation 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. The project risk assessment and management techniques introduced through this GLOMACS Project Financial & Risk Appraisal training course, will enable the organisation to forecast potential future conditions that might create strategic opportunities or jeopardise project success.

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 economic evaluation processes
• Discover how to evaluate and compare alternative/competing project investment options, and recommend projects with optimal potential benefits/value
• Apply tools and techniques that identify and address risk analysis/assessment
• Develop robust structures to allocate, mitigate or otherwise manage project risks
• Understand the core elements of public-private partnership contracting models and their use in managing project risks