By the end of this course, delegates will:
- Understand Project Appraisal Techniques: Gain foundational knowledge of evaluating project feasibility and viability.
- Analyze Financial Performance: Learn to assess financial metrics and their impact on project decisions.
- Develop Risk Assessment Skills: Identify and mitigate financial and operational risks associated with projects.
- Design Performance Measurement Models: Build frameworks to monitor and evaluate project success effectively.
- Integrate Financial Management Principles: Enhance decision-making with sound budgeting, forecasting, and cost control strategies.
- Apply Global Best Practices: Reflect on international standards and practices in project appraisal and financial management.
Day 1
Financial Information and Funding Sources
Understanding Financial Information:
- Key elements of financial statements and their interpretation.
- How to analyze and use annual reports for decision-making.
- Techniques for measuring and evaluating business performance through financial metrics.
- Practical case studies to apply concepts.
Sources of Funding:
- Overview of funding options: venture capital, business angels, banks, and financial institutions.
- Understanding share capital, loan capital, and retained profits.
- Insights into national and international borrowing strategies.
- Comparison of funding sources for different organizational needs.
Day 2
Project Evaluation and Capital Expenditure Appraisal
Project Evaluation:
- Techniques for analyzing, interpreting, and evaluating project proposals.
- Project finance evaluation: criteria for assessing financial viability.
- Corporate appraisal tools: SWOT analysis, Boston Matrix, and Porter’s Five Forces.
- Factoring inflation and taxation into project evaluations.
Capital Expenditure Appraisal:
- Methods for appraising investment decisions, including:
- Accounting Rate of Return (ARR).
- Payback Period analysis.
- Discounted Cash Flow (DCF) techniques.
- Net Present Value (NPV) and its application in decision-making.
- Practical exercises to reinforce learning.
Day 3
Managing Project Risk
Understanding and Managing Risk:
- Tools and techniques for risk identification and assessment, including:
- Sensitivity analysis.
- Certainty-equivalent approach.
- Decision tree analysis.
- Capital rationing: strategies for managing projects under limited resources.
- Understanding the cost of capital and adjusting for risk factors.
Principles and Strategies of Risk Management:
- Exploring why risk arises and its impact on project outcomes.
- Core principles of effective risk management.
- Strategies to reduce risk and enhance project resilience.
- Comprehensive case studies to apply risk management tools and techniques.
