Project Policy & Financial Appraisal

Introduction

Making effective and sound selection and evaluation decisions before investing substantial amounts in a new capital project is critical in a contemporary business environment. 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.

The decision-making process requires skills to effectively assess organisation’s capabilities and opportunities using various methods. Managers 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.

This Project Policy & Financial Appraisal training course will highlight:

• The importance of thorough project identification and appraisal
• Modern concepts of stakeholder and policy issues (including environmental and social factors) affecting project appraisal
• The analysis of investment decisions using time-adjusted measures and real option techniques
• Acquire an understanding of the fundamentals of effective management of cash flow
• Understanding short-term and long term funds available for project funding

Modules

This training course is split into the following modules:

Module I - Project Appraisal: Identification, Policy Analysis & Selection

Module II - Project Appraisal: Financial and Economic Factors

Objectives

This 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.

This Project Policy & Financial Appraisal training course will focus on the best tools to manage the project appraisal process, identifying, and comparing significant evaluation methodologies ranging from social and developmental policies through environmental and stakeholder factors. It will also provide an understanding of key issues in economic and financial assessment.

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

• Appreciate the suitability of differing appraisal techniques for project types
• Identify key challenges in comparing projects and selection solutions
• Recognise the benefits of enhanced appraisal and selection models
• Understand and use economic & financial analytical tools and techniques using real-world examples
• Make (and/or) contribute to strategic financial decisions and risk assessments

Training Methodology

This 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. This will involve regular discussions on key concept in project appraisal and economic evaluation of options, 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 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 use of case studies and illustrations of real projects will help delegates understand how to apply different economic evaluation skills and analysis techniques in a work situation.

Personal Impact

By the end of this Project Policy & Financial Appraisal 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 appraisal, selection and economic evaluation processes
• Make more informed and hence better financial decisions using economic analysis models and techniques
• Discover how to evaluate and compare alternative/competing project investment options, and recommend projects with optimal potential benefits/value
• Maximise the prospects of successful supplier tendering and project delivery
• Develop your professional skills, powers of analysis, evaluation and decision-making