The decision to invest in new capital projects starts with critical decisions during the conceptual phase of new projects or the expansion of existing operations. The decision-making tools used to analyse project risk under conditions of uncertainty will help companies to determine the probability of success or loss, and will drive the decision to invest in the new venture. Of paramount importance is the systematic and comprehensive evaluation of potential investments, and the development of detailed cash-flow analyses to determine as accurately as possible, the expected returns to the organization under varying conditions of uncertainty over the expected productive life of the project.
This PROCLAD Academy training course on Project Analysis will significantly enhance the skills and knowledge of participants. It will improve their ability to quantify risks in order to ensure a more consistent decision-making process, thereby producing vastly better results in economic projections. No prior knowledge of the topics covered in the course is required. New concepts and tools are introduced gradually to enable participants to progress from the fundamental to the advanced concepts.
The key features of PROCLAD Academy’s Project Analysis training course are:
- Apply sound project appraisal and quantification techniques to forecast and control potential future risk conditions that might jeopardize project success
- Focus on achieving the organization’s overall strategic objectives by applying the techniques of decision analysis and economic evaluation
- Understand the techniques used for advanced risk quantification and the development of risk mitigation strategies that will ensure or improve the financial feasibility of the project
- Understand the implications of the time value of money on the financial projections of the project
- Understand and apply the fundamental principles of financial engineering, such as Net Present Value, Cost of Capital and Internal Rate of Return
- Evaluate and compare alternative project solutions with different time horizons
- Determine and continuously monitor project success and feasibility