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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REGISTRATION DETAILS

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AUTHORISATION DETAILS

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PAYMENT DETAILS

q Please invoice my company q Cheque payable to GLOMACSq Please invoice me

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: info@glomacs.com | 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: info@glomacs.comWebsite: 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