09 - 13 Dec 2019, Marrakech14 - 18 Sep 2020, London
Project Appraisal :Financial & Economic
Factors
Introduction
Making effective and sound investment decision is critical in a
contemporary business environment. In a competitive economy,
financial decisions play important roles in achieving organisations
goals and contributing to the economic growth. Decision
making process requires skills to effectively assess organisation’s
capabilities and opportunities using various methods.
Nonetheless, choosing the appropriate technique in making
financial decisions is challenging in today’s economic climate. The
most comprehensive tools in assessing investment opportunities
include: Net Present Values (NPV), Internal Rate of Returns (IRR),
Payback rule and Option valuation.
GLOMACS offers an intensive training course on Project Appraisal
that aims to equip delegates with modern tools and techniques.
Delegates will acquire skills to value investment opportunities
and options to defer or expand the projects, source of funds,
various techniques for risk measurements and effective cash flow
managements.
This GLOMACS training seminar will highlights:
• 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
• How to value the investments using a range of techniques
• Understanding short-term and long term funds available to
firms
• The nature of financial statements and the key financial tools
and techniques in the broader context of how and where they
are applied for the assessment of business performance
Objectives
• 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
Training Methodology
This GLOMACS Project Appraisal training seminar 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.
Organisational Impact
• Participants will not only be able to analysis various business
problems, but will also be able to evaluate various courses of
action and make sound recommendations for action using the
latest and flexible techniques
• The use of case studies and illustrations of real companies will
help delegates understand how to apply different financial skills
and analysis techniques in a work situation
• The knowledge gained can be shared amongst other
departments of the company
• New skills will help to make more informed and hence better
management decisions
Personal Impact
• You will be able to further your professional skills
• You will be able to make more informed and hence better
financial decisions using various models and techniques
• Your increased financial and decision-making skills will increase
your importance and ability to contribute effectively to your
organization’s goals and the economic growth
• Develop your professional skills, powers of analysis, evaluation
and decision-making
Who Should Attend?
• 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
• Mangers involved in planning, risk assessments and decision
making
• Project Management Professionals
Project Appraisal :Financial & Economic Factors
Seminar Outline
DAY 1
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
• Mini Case Study
DAY 2
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 Pay
back method
• Decision making using EVA and NPV
• Modified Internal Rate of Return (MIRR)
• Application of Real Option to Project Valuations
• 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
Projects
• Sensitivity Analysis, Scenario Analysis and Simulation
• Mini Case Study
DAY 3
Managing, Controlling and Modelling Cash flow
• Development of 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
• Mini Case Study
DAY 4
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 5
Revisit the Key Concepts in Decision Making
• Course Summary and Checklists
• Cash Budgets & Capital Budgets reviewed
• Financial Skills and Further Development
• Open Forum
• Course Review
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CERTIFICATION
Successful participants will receive GLOMACS’ Certificate of Completion
P.O. Box 74653 Dubai, U.A.E.T: +971 (04) 425 0700 | F: +971 (04) 425 0701E: [email protected] | W: www.glomacs.com
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Code Date Venue FeesPM069 09 - 13 Dec 2019 Marrakech $5,950
PM069 14 - 18 Sep 2020 London $5,950
4 WAYS TO REGISTER
Tel: +971 (04) 425 0700 Fax: +971 (04) 425 0701Email: [email protected]: www.glomacs.com
TERMS AND CONDITIONS
• Fees – Each fee is inclusive of Documentation, Lunch and refreshments served during the entire seminar.
• Mode of Payment – The delegate has the option to pay the course fee directly or request to send an invoice to his/her company/sponsor. Credit card and cheque payments are both acceptable.
• Cancellation / Substitution – Request for seminar cancellation must be made in writing & received three (3) weeks prior to the seminar date. A US$ 250.00 processing fee will be charged per delegate for each cancellation. Thereafter, we regret that we are unable to refund any fees due, although in such cases we would be happy to welcome a colleague who would substitute for you.
• Hotel Accommodation – is not included in the course fee. A reduced corporate rate and a limited number of rooms may be available for attendees wishing to stay at the hotel venue. Requests for hotel reservations should be made at least three (3) weeks prior to the commencement of the seminar. All hotel accommodation is strictly subject to availability and terms and conditions imposed by the hotel will apply.
• Attendance Certificate – a certificate of attendance will only be awarded to those delegates who successfully completed/attended the entire seminar including the awarding of applicable Continuing Professional Education Units/Hours.
• Force Majeure – any circumstances beyond the control of the Company may necessitate postponement, change of seminar venue or substitution of assigned Instructor. The Company reserves the right to exercise this clause and implement such amendments.
• Fair Access / Equal Opportunities – In the provision of its services as a world-class Training Provider, the Company is committed to provide fair access / equal opportunities throughout the delivery of its courses and assessment leading to the completion of training seminars, or 3rd party qualifications/certifications.
Project Appraisal :Financial & Economic Factors