Project Appraisals and Impact Evaluations course

Overview

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Introduction

This course will provide you with the essential knowledge and skills to effectively appraise and analyse projects. It provides you with the latest tools and techniques to manage project risks and uncertainties to ensure profit margins and sustainability in uncertain times. It will in more advanced level cover econometric impact evaluation theory and empirical methods for measuring the impact of development programs (including randomization, difference-in-differences, regression discontinuity, and propensity score matching). It will combine theory and practice. The primary objectives of the course is to provide participants with the skills to understand the value and practice of impact evaluation within development economics, design and implement impact evaluations and act as critical consumers of impact evaluations.

Duration

10 Days

Course Objective:

oUndertake, Technical, Economic, Financial & Risk Analysis to select Projects to meet National and Organisational Objectives

• Undertake Financial Analysis using Payback, NPV & IRR
• Identifying & Measuring Risk & Uncertainties
• Evaluate and Manage Risks using the latest tools & techniques
• Manage Uncertainties using Decisions Trees, Programming Techniques – Gannt Charts, Network & Critical Path Analysis, Manpower Planning, Contingency Planning & Earned
• Identifying if project is working or not, impact evaluation will assist accountability function. This course is aligned with results based management and monitoring.

Who should attend?

This course targets Project Management Officials from NGO’s, National Statistics Offices, Education Researchers, Government ministries, National Institutes and Planning Ministries, Central banks, and University Researchers among others.

The Course Content

Module One:  Project Appraisal & Analysis

  oThe Investment Criteria & The Investment Planning Process

• Identifying Technical, Logistical & Environmental Risks
• Economic Risk Analysis
• Market Risk Analysis
• Selecting Projects to meet Organisational Objectives

Module Two: Financial Analysis

  oEstimating Income, Cashflows & Durations

• Identifying Risks from the Projected Cashflow
• Calculating the Cost of Finance – WACC, CAPM & Arbitrage Pricing
• Capital Investment Appraisal Techniques - Payback; ARR, NPV, IRR etc.
• Financial Appraisal using Spreadsheet Skills

Module Three: Project Risk & Uncertainties

  oMeasuring Risk & Uncertainties

• Project Constraints
• Balancing Scope, Time, Quality & Cost
• Evaluating the Risks & Uncertainties – Their Likelihood & Impact
• Risk Response Planning & Reporting

Module Four: Risk Management

• The Risk Management Process at various levels of an organization and throughout the Project Life Cycle

• The Project Manager’s Roles and Responsibilities
• Qualitative & Quantitative Risk Analysis
• Financial Risk Management & Derivatives
• Sensitivity Analysis & Monte Carlo Simulation Analysis

Module Five: Managing Uncertainties

  oDecisions Trees to Manage Uncertainties and make Strategic Decisions

• Programming Techniques – Gannt Charts, Network & Critical Path Analysis
• Manpower Planning and Resource Smoothing & Levelling
• Project Contingency Planning
• Earned Value Analysis – Controlling Cost & Schedule Variances

Module Six: Cost benefit analysis

  oThe effect on decision-making of more intangible benefits

• Cost benefit analysis
• Ensuring costs are genuine
• Measuring intangible benefits
• Environmental issues
• Consideration of intangible benefits in the appraisal decision-making process

Module Seven: Developing appropriate models

  oDeveloping models – examples of spreadsheet models and measures for many different situations

• Modelling investment opportunities – summarising outcomes
• Sensitivity analysis – identifying, quantifying and taking out risk

Module Eight: Developing an appraisal process

  oThe process – managing risk from the outset

• Using the process in risk management, negotiating and project management
• Take out risk by thoroughly knowing your project – developing your own process

Module Nine: Introduction to impact evaluation

  oIntroduction

• Counterfactual
• Purpose of impact evaluation
• When to undertake impact evaluation

Module Ten: Evaluation Design

  oEstablishing the program theory

• Selecting the evaluation approach
• Designing the baseline survey
• Options when there is no baseline
• Impact evaluation using secondary data
• The role of qualitative information
• Triangulation
• Generalizations from specific impact evaluations

Module Eleven: Managing and Implementing Impact Evaluation

  oTerms of reference

• Data sources
• Time and cost

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: [email protected] Tel: +254 721 331 808

What you will learn

Learning Objective:

   oUndertake, Technical, Economic, Financial & Risk Analysis to select Projects to meet National and Organisational Objectives

• Undertake Financial Analysis using Payback, NPV & IRR
• Identifying & Measuring Risk & Uncertainties
• Evaluate and Manage Risks using the latest tools & techniques
• Manage Uncertainties using Decisions Trees, Programming Techniques – Gannt Charts, Network & Critical Path Analysis, Manpower Planning, Contingency Planning & Earned
• Identifying if project is working or not, impact evaluation will assist accountability function. This course is aligned with results based management and monitoring.