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Project Appraisal: Identification, Policy Analysis & Selection

An Intensive 5-Day Online Training Course

Project Appraisal:
Identification, Policy Analysis & Selection

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

Scheduled Dates

04 - 08 Mar 2024 Online $3,950
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Why Choose this Training Course?

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 organization, 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 online 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 PetroKnowledge online 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

What are the Goals?

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

This Project Appraisal: Identification, Policy Analysis & Selection online 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 maximize 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 Project Appraisal: Identification, Policy Analysis & Selection online 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

Who is this Training Course for?

This Project Appraisal: Identification, Policy Analysis & Selection online 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 PetroKnowledge online 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

How will this Training Course be Presented?

This PetroKnowledge online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of your choice location

Organisational Impact

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

Personal Impact

By the end of this Project Appraisal: Identification, Policy Analysis & Selection online training course, your contribution to your organization 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

Daily Agenda

Day One: 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 Organization 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 Two: 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 Three: 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 Four: 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 Five: 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


  • On successful completion of this online training course, a PetroKnowledge E-Certificate will be awarded to the delegates

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

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Oxford Management Centre

Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.

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The Energy Training Centre

Our collaboration with The Energy Training Centre aims to provide the best training services and benefits for our valued clients.

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Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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