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Why Choose this Training Course?
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 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.
The decision-making process requires skills to effectively assess organizations 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
This PetroKnowledge training course is split into two modules:
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.
What are the Goals?
This Project Policy & Financial Appraisal training course will provide an insight into how procurement organizations 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 PetroKnowledge 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
Recognize 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
Who is this Training Course for?
This Project Policy & Financial Appraisal 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 Project Policy & Financial Appraisal 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
Financial decision makers, whose techniques of decision making and analysis will be improved through attendance
Managers involved in planning, risk assessments and decision making
Project Management Professionals
How will this Training Course be Presented?
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.
Application of sound project appraisal and economic evaluation techniques will enable the organization 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.
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
Maximize the prospects of successful supplier tendering and project delivery
Develop your professional skills, powers of analysis, evaluation and decision-making