An Intensive 10-day Training Course
Project Policy & Financial Appraisal
Decision Analysis, Funding Source, Modelling Cash Flow and
Challenges of Economic Decision
Scheduled Dates
Classroom
06 - 17 Jan 2025 | London - UK | $11,900 | RESERVE A SEAT |
08 - 19 Sep 2025 | London - UK | $11,900 | RESERVE A SEAT |
08 - 19 Dec 2025 | Vienna - Austria | $11,900 | RESERVE A SEAT |
Online
17 - 28 Feb 2025 | Online | $7,900 | RESERVE A SEAT |
31 Mar - 11 Apr 2025 | Online | $7,900 | RESERVE A SEAT |
Are the scheduled dates matching with your needs?
We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.
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
MODULES
This PetroKnowledge training course is split into two modules:
MODULE I - Project Appraisal: Identification, Policy Analysis & Selection
MODULE II - Project Appraisal: Financial and Economic Factors
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.
Organisational Impact
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.
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
- Maximize the prospects of successful supplier tendering and project delivery
- Develop your professional skills, powers of analysis, evaluation and decision-making
Daily Agenda
Module 1: Project Appraisal: Identification, Policy Analysis & Selection
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
Module 2: Project Appraisal: Financial and Economic Factors
Day Six: Source of Finance
- Potential Funding Sources
- Financing Options:
- Long Term Source of Finance
- Short Term Source of Finance
- Evaluation of the Types of Finance
- Equity Finance
- Debt Finance
- Hybrid Finance
- The Cost of Weighted Average Cost of Capital (WACC)
- Capital Asset Pricing Model (CAPM)
- Measures of Risks
Day Seven: Investment Decisions
- The Most Appropriate Valuation Techniques for Different Economic Sectors
- Applying Time-adjusted Measures
- Social Cost-benefit Analysis in Project Appraisal
- Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Method
- Decision-making using NPV
- Modified Internal Rate of Return (MIRR)
- Integration of Financial, Economic and Social Appraisals to Investment Decisions
- Impact of Inflation on Financial Viability and Risks
- Foreign Exchange Risks
- Financial and Economic Analysis for Selecting a High-quality Project
- Sensitivity Analysis, Scenario Analysis and Simulation
Day Eight: Managing, Controlling and Modelling Cash flow
- Development of the Cash Flow Statement
- Cash vs. Profit
- The Cash Conversion Cycle
- Calculating and Managing the Cash Flow Cycle
- Cash Flow Ratios
- Working Capital Ratios
- The Cost of Maintaining Working Capital
- Maintaining the Optimum Level of Working Capital
- Preparing a Monthly Cash Flow Forecast
Day Nine: The Challenge of Financial Economic Decision-Making
- The Practice of Financial / Economic Analysis
- The Value-creating Company
- Corporate Value and Shareholder Value
- A Dynamic Perspective of Business
- The Agency Problem and Corporate Governance
- What information and data to use?
- The Nature of Financial Statements
- The Context of Financial Analysis and Decision-making
Day Ten: Revisit the Key Concepts in Decision Making
- Course Summary and Checklists
- Cash Budgets & Capital Budgets Reviewed
- Financial Skills and Further Development
- Re-visit Cash Flow Management
- Key Challenges in Decision making
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
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Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
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.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].