INTRODUCTION 
The “Project Appraisal: Financial and Economic Factors” training course is designed to equip participants with advanced tools and techniques for valuing investment opportunities. Attendees will learn to navigate various funding sources, assess risks, and effectively manage cash flows, all essential for making informed investment decisions.

In today’s fast-paced business environment, sound financial decisions are crucial for achieving organizational goals and fostering economic growth. This course emphasizes the need for participants to skillfully evaluate their organization’s capabilities and opportunities amidst dynamic market conditions.

Selecting the right financial techniques can be challenging due to the rapidly changing risk landscape. Key tools for assessing investment opportunities include Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Option Valuation.

This Keleaders course will cover:

• Investment analysis through time-adjusted measures and real options techniques.
• Fundamentals of effective cash flow management.
• Valuation methods for investments.
• Access to short-term and long-term funding options.
• The significance of financial statements and essential analytical tools for assessing business performance.

OBJECTIVES
By the end of this training course, participants will be able to:

• Utilize various techniques to evaluate investment performance.
• Enhance management skills and increase their organizational value.
• Apply analytical tools and techniques using real-world examples.
• Contribute to strategic financial decisions and risk assessments.
• Understand the implications of inflation on business decisions.

TRAINING METHODOLOGY
The course will follow a workshop format, combining formal lectures with interactive examples. Relevant case studies will illustrate the application of each tool in a practical environment, reinforced by hands-on exercises. The instructor will guide participants through real-life examples to demonstrate the application of these techniques.

ORGANISATIONAL IMPACT
Participants will bring back enhanced skills and knowledge to their organizations, leading to:

• Improved analysis of business challenges and evaluation of potential actions.
• Proficiency in using flexible project valuation techniques.
• Effective application of diverse financial skills in the workplace.
• Sharing of knowledge across departments to foster a collaborative environment.
• Better-informed management decisions that contribute to organizational success.

PERSONAL IMPACT
Attendees will benefit personally by:

• Making more informed and effective financial decisions.
• Gaining proficiency in various valuation models and techniques.
• Enhancing financial analysis and decision-making skills.
• Increasing their contributions to organizational goals and economic growth.Developing a
• nalytical, evaluative, and decision-making capabilities.

WHO SHOULD ATTEND?
This course is ideal for a diverse range of professionals, including:

• Financial Analysts
• Financial Managers
• Risk and Return Analysts
• Financial Planning Specialists
• Mergers and Acquisitions Professionals
• Managers with financial responsibilities
• Financial Decision-Makers looking to improve their analytical skills
• Managers involved in planning and risk assessment

COURSE OUTLINE

DAY 1: Sources of Finance

• Potential Funding Sources
• Long-Term vs. Short-Term Financing Options
• Evaluation of Finance Types: Equity, Debt, and Hybrid
• Calculating Weighted Average Cost of Capital (WACC)
• Understanding the Capital Asset Pricing Model (CAPM)
• Measures of Risk

DAY 2: Investment Decisions

• Appropriate Valuation Techniques for Different Sectors
• Applying Time-Adjusted Measures
• Social Cost-Benefit Analysis
• NPV, IRR, and Payback Methodology
• Decision-Making Using NPV
• Modified Internal Rate of Return (MIRR)
• Integrating Financial, Economic, and Social Appraisals
• Impact of Inflation and Foreign Exchange Risks
• High-Quality Project Selection through Financial Analysis
• Sensitivity, Scenario, and Simulation Analysis

DAY 3: Managing, Controlling, and Modelling Cash Flow

• Developing the Cash Flow Statement
• Cash vs. Profit Distinction
• Understanding the Cash Conversion Cycle\
• Managing the Cash Flow Cycle and Ratios
• Working Capital Management
• Preparing Monthly Cash Flow Forecasts
• DAY 4: Financial Economic Decision-Making Challenges
• Practice of Financial/Economic Analysis
• Corporate vs. Shareholder Value
• Business Dynamics and the Agency Problem
• Data Utilization in Financial Analysis
• Understanding Financial Statements

DAY 5: Revisiting Key Concepts

• Course Summary and Checklists
• Reviewing Cash Budgets and Capital Budgets
• Further Development of Financial Skills
• Key Challenges in Decision-Making

This comprehensive training course will empower participants to excel in project appraisal by focusing on both financial and economic factors.