Project Appraisal:
Financial and Economic Factors

By the end of this Energy Training Centre training course, the participants will be able to: 

• Use different techniques to evaluate investment performance
• Improve management skills and increase their value to the organization
• Understand and use analytical tools and techniques using real-world examples
• Make (and/or) contribute to strategic financial decisions and risk assessments
• Understanding the implication of inflations to business decisions

This Energy Training Centre Project Appraisal training course will be conducted along workshop principles with formal lectures and interactive worked examples. Relevant cases will be used to illustrate the application of each tool in an operation environment. Each learning point will be re-enforced with practical exercises. The instructor will clearly explain and demonstrate how these techniques are applied using a real-life example. 

The participants in this Energy Training Centre Project Appraisal: Financial and Economic Factors training course will provide benefits for their organisation through the enhanced knowledge and set of skills that they will take back to the workplace: 

• Able to analysis various business problems but will also be able to evaluate various courses of action and make sound recommendations
• Ability to use the latest and flexible techniques in project valuations
• Understand how to apply different financial skills
• Using relevant techniques and analysis in a work situation.
• Knowledge gained can be shared amongst other departments of the company
• New skills to make more informed and hence better management decisions

By attending this Energy Training Centre training course, you will:

• Able to make more informed and hence better financial decisions
• Using various models and techniques relevant to the valuations
• Enhanced financial and decision-making skills
• Improve your importance and ability to contribute effectively to your organization’s goals and the economic growth
• Develop professional skills, powers of analysis, evaluation, and decision-making
• Able to enhance your skills in financial analysis

This Energy Training Centre training course is a suitably wide range of professionals but will significantly benefit: 

• Financial Analyst
• Financial Managers
• Risk and Return Analysts
• Financial Planner Specialists
• Financial Risk Assessment Specialists
• Merger and Acquisitions Specialists
• Managers and those with financial responsibilities
• Financial Decision-makers, whose techniques of decision making, and analysis will be improved through attendance
• Professionals acting upon the financial decisions of others, who will gain an appreciation for decision making thereby ensuring shared values within the organisation
• Managers involved in planning, risk assessments and decision making

DAY ONE: SOURCE OF FINANCE                                      

• Potential Funding Sources
• Capital Markets in Financing Projects
  • Long Term Source of Finance
  • Short Term Source of Finance
• Evaluation of the Types of Finance
• Equity Finance
• Debt Finance
• The Cost of Weighted Average Cost of Capital (WACC)
• Capital Asset Pricing Model (CAPM)
• Different Measures of Risks

DAY TWO: 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 EVA and 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 THREE: 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
• The Cost of Maintaining Working Capital
• Maintaining the Optimum Level of Working Capital
• Working Investment Ratios
• Preparing a Monthly Cash Flow Forecast

DAY FOUR: 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 FIVE: REVISIT THE KEY CONCEPTS IN DECISION MAKING

• Cash Budgets & Capital Budgets Reviewed
• Financial Skills and Further Development
• Re-visit Cash Flow Management
• Key Challenges in Decision making