Code Date City Venue Fees
PM027 16 - 20 Jul 2018 London - UK Grosvenor House, A JW Marriott Hotel $5,800 Register
PM027 17 - 21 Dec 2018 Kuala Lumpur - Malaysia TBA $5,800 Register
TBA* = To be Announced   |  All fees are exclusive of VAT
Home » Seminars » Project Management » Project Analysis Tools & Techniques for Managing Risk & Uncertainty

Introduction

Capital investment decisions are made with a lot of uncertainty. To mitigate the risk of project failure, managers need to understand its exposure and implement appropriate management strategies. 

This highly interactive and practical GLOMACS Project Analysis training course is designed to help businesses conduct a systematic and comprehensive evaluation of potential investment opportunities, assess their probability of success and drive the decisions to develop or abandon them. This involves development of sound, realistic, and carefully structured cashflow projections, thorough examination of the underlying assumptions and thoughtful consideration of potential future scenarios. Competent application of project analysis tools helps estimate expected returns, evaluate risk exposure and select appropriate risk mitigation strategies. This should result in improved decision making and increased effectiveness of investments.

This GLOMACS training seminar will highlight:

  • The Importance of thorough Project Definition and Analysis
  • The Advantages, Disadvantages and Practical Applications of various profitability models
  • Core Financial Analysis Principles and Modern Concepts of Risk Management
  • Tools and Techniques for Making Decisions under Risk and Uncertainty
  • Application of Decision Trees, Scenario and Sensitivity Analysis in Risk Mitigation and Investment Decisions

Objectives

By the end of this GLOMACS training seminar, you will be able to:

  • Make or recommend investment decisions and compellingly present them to the stakeholders
  • Appraise project risk, identify and manage risk mitigation strategies
  • Apply robust cashflow, scenario and sensitivity analysis techniques to evaluate potential future conditions and select effective investment strategies
  • Define and manage project success factors and maximize the return on invested capital
  • Critically evaluate investment decisions and financial risk mitigation strategies

Training Methodology

Delegates will develop advanced cashflow analysis skills through formal and interactive learning methods. The GLOMACS Project Analysis training seminar includes individual exercises, team projects, practical case studies and group discussions that will immediately apply and bring to life the skills acquired throughout the training course.

The GLOMACS Project Analysis training seminar does not assume prior knowledge of the topics covered in the training course. New concepts and tools are introduced gradually and carefully built on to enable delegates to progress to the advanced concepts.

Organisational Impact

Application of sound project appraisal and quantification techniques will enable the organization to forecast potential future conditions that might create strategic opportunities or jeopardize project success, thereby maximizing the organization's return on capital invested in projects.

Personal Impact

Participants will:

  • Enhance their understanding of the project cashflow analysis, as well as learn how to use the basic tools of engineering economics such as Net Present Value, Internal Rate of Return, Equivalent Annual Value and Expected Monetary Value calculations
  • Learn how to plan and structure cashflow projections for their projects - the single most important forecasting and control tool for project success
  • Discover how to evaluate and compare alternative mutually exclusive investment options, even when they occur over differing time horizons
  • Understand how to assess and address project risk and uncertainty

Detailed explanations of the tools and techniques to determine and continuously monitor project feasibility will enable participants to select and recommend projects with the best investment potential.

Who Should Attend?

This GLOMACS training seminar is suitable to a wide range of professionals but will greatly benefit:

  • Program Project Professionals
  • Project Leaders
  • Project Engineers
  • Cost Engineers
  • Project Advisors
  • And other project and business services professionals who are responsible for or involved in evaluating projects and managing cashflow on projects

Seminar Outline

DAY 1

Fundamentals of Decision Analysis

  • What is Project Decision Analysis?
  • Selecting Projects to meet Organizational Goals
  • Defining Projects, Identifying Key Decision-making Factors
  • Risk and Uncertainty in Projects
  • Fundamental Tools of Engineering Economics
  • Time Value of Money, Compounding, Discounting, Annuity
  • Appraisal Methods (Payback, Discounted Cashflow, Net Present Value (NPV), Equivalent Annual Value (EAV)
  • Financial Analysis using Microsoft Excel

DAY 2

Rate of Return and the Cost of Capital

  • Rate of Return Computations (IRR)
  • Advantages and Disadvantages of Profitability Models
  • Estimating the cost of capital for a project
  • Benefit-Cost Ratio (BCR)
  • Comparing mutually exclusive projects with equal lives; comparing projects with unequal lives
  • Using NPV, IRR, BCR, EAV in Project Selection
  • Comparing mutually exclusive projects using incremental benefit-cost ratios

DAY 3

Cash-Flow Modelling and Project Decision Analysis

  • Project Decisions and Total Cost of Ownership
  • Financial Modelling and Project Evaluation: Capital Expenditures (CAPEX), Operating Expenditures (OPEX), Working Capital requirements, Incremental costs and benefits, Terminal Cashflows
  • Preparing Cashflow Projections (cashflows vs. accounting profits, inflation, opportunity costs, overheads and synergies, sunk costs, depreciation, taxation, interest, insurance, etc.)
  • Developing Cashflow Models and Testing Assumptions
  • Business Case Content

DAY 4

Decision Analysis: Expected Value Concept

  • Overview of the Risk Management Process
  • Risk Tolerance and Risk Prioritization
  • Risk Quantification and Expected Monetary Value (EMV) Concepts
  • Decisions under Certainty, Risk and Uncertainty
  • Basic Probability Concepts
  • Probability Applications: Program Evaluation Review Technique (PERT), Monte Carlo Analysis
  • Assessing the Probability of Completing a Project within the desired Budget
  • Contingency

DAY 5

Decision Analysis: Decision Trees, Scenario, Sensitivity Analysis and Simulation

  • Decision Tree Analysis
  • Scenario Analysis
  • Sensitivity Analysis and Tornado Diagram
  • Integrated Practical Application
  • Presenting Decision Analysis

 

Also available as an  ILM-endorsed title of 'Professional Project Analyst'

Accreditation

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Project Analysis
Tools & Techniques for
Managing Risk & Uncertainty


Upcoming Dates

Code Date Venue Fees
PM027 16 - 20 Jul 2018 London - UK $5,800
PM027 17 - 21 Dec 2018 Kuala Lumpur - Malaysia $5,800

Project Management Institute (PMI)® has reviewed and approved GLOMACS as a Global Provider of project management training. This is a PMI® Approved/Registered training seminar and hence attendance to this training course will enable those credentialed with PMI® to receive applicable PDUs upon updating their status with PMI®.

REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.

Introduction

Capital investment decisions are made with a lot of uncertainty. To mitigate the risk of project failure, managers need to understand its exposure and implement appropriate management strategies. 

This highly interactive and practical GLOMACS Project Analysis training course is designed to help businesses conduct a systematic and comprehensive evaluation of potential investment opportunities, assess their probability of success and drive the decisions to develop or abandon them. This involves development of sound, realistic, and carefully structured cashflow projections, thorough examination of the underlying assumptions and thoughtful consideration of potential future scenarios. Competent application of project analysis tools helps estimate expected returns, evaluate risk exposure and select appropriate risk mitigation strategies. This should result in improved decision making and increased effectiveness of investments.

This GLOMACS training seminar will highlight:

  • The Importance of thorough Project Definition and Analysis
  • The Advantages, Disadvantages and Practical Applications of various profitability models
  • Core Financial Analysis Principles and Modern Concepts of Risk Management
  • Tools and Techniques for Making Decisions under Risk and Uncertainty
  • Application of Decision Trees, Scenario and Sensitivity Analysis in Risk Mitigation and Investment Decisions

Objectives

By the end of this GLOMACS training seminar, you will be able to:

  • Make or recommend investment decisions and compellingly present them to the stakeholders
  • Appraise project risk, identify and manage risk mitigation strategies
  • Apply robust cashflow, scenario and sensitivity analysis techniques to evaluate potential future conditions and select effective investment strategies
  • Define and manage project success factors and maximize the return on invested capital
  • Critically evaluate investment decisions and financial risk mitigation strategies

Training Methodology

Delegates will develop advanced cashflow analysis skills through formal and interactive learning methods. The GLOMACS Project Analysis training seminar includes individual exercises, team projects, practical case studies and group discussions that will immediately apply and bring to life the skills acquired throughout the training course.

The GLOMACS Project Analysis training seminar does not assume prior knowledge of the topics covered in the training course. New concepts and tools are introduced gradually and carefully built on to enable delegates to progress to the advanced concepts.

Organisational Impact

Application of sound project appraisal and quantification techniques will enable the organization to forecast potential future conditions that might create strategic opportunities or jeopardize project success, thereby maximizing the organization's return on capital invested in projects.

Personal Impact

Participants will:

  • Enhance their understanding of the project cashflow analysis, as well as learn how to use the basic tools of engineering economics such as Net Present Value, Internal Rate of Return, Equivalent Annual Value and Expected Monetary Value calculations
  • Learn how to plan and structure cashflow projections for their projects - the single most important forecasting and control tool for project success
  • Discover how to evaluate and compare alternative mutually exclusive investment options, even when they occur over differing time horizons
  • Understand how to assess and address project risk and uncertainty

Detailed explanations of the tools and techniques to determine and continuously monitor project feasibility will enable participants to select and recommend projects with the best investment potential.

Who Should Attend?

This GLOMACS training seminar is suitable to a wide range of professionals but will greatly benefit:

  • Program Project Professionals
  • Project Leaders
  • Project Engineers
  • Cost Engineers
  • Project Advisors
  • And other project and business services professionals who are responsible for or involved in evaluating projects and managing cashflow on projects

SEMINAR OUTLINE

DAY 1

Fundamentals of Decision Analysis

  • What is Project Decision Analysis?
  • Selecting Projects to meet Organizational Goals
  • Defining Projects, Identifying Key Decision-making Factors
  • Risk and Uncertainty in Projects
  • Fundamental Tools of Engineering Economics
  • Time Value of Money, Compounding, Discounting, Annuity
  • Appraisal Methods (Payback, Discounted Cashflow, Net Present Value (NPV), Equivalent Annual Value (EAV)
  • Financial Analysis using Microsoft Excel

DAY 2

Rate of Return and the Cost of Capital

  • Rate of Return Computations (IRR)
  • Advantages and Disadvantages of Profitability Models
  • Estimating the cost of capital for a project
  • Benefit-Cost Ratio (BCR)
  • Comparing mutually exclusive projects with equal lives; comparing projects with unequal lives
  • Using NPV, IRR, BCR, EAV in Project Selection
  • Comparing mutually exclusive projects using incremental benefit-cost ratios

DAY 3

Cash-Flow Modelling and Project Decision Analysis

  • Project Decisions and Total Cost of Ownership
  • Financial Modelling and Project Evaluation: Capital Expenditures (CAPEX), Operating Expenditures (OPEX), Working Capital requirements, Incremental costs and benefits, Terminal Cashflows
  • Preparing Cashflow Projections (cashflows vs. accounting profits, inflation, opportunity costs, overheads and synergies, sunk costs, depreciation, taxation, interest, insurance, etc.)
  • Developing Cashflow Models and Testing Assumptions
  • Business Case Content

DAY 4

Decision Analysis: Expected Value Concept

  • Overview of the Risk Management Process
  • Risk Tolerance and Risk Prioritization
  • Risk Quantification and Expected Monetary Value (EMV) Concepts
  • Decisions under Certainty, Risk and Uncertainty
  • Basic Probability Concepts
  • Probability Applications: Program Evaluation Review Technique (PERT), Monte Carlo Analysis
  • Assessing the Probability of Completing a Project within the desired Budget
  • Contingency

DAY 5

Decision Analysis: Decision Trees, Scenario, Sensitivity Analysis and Simulation

  • Decision Tree Analysis
  • Scenario Analysis
  • Sensitivity Analysis and Tornado Diagram
  • Integrated Practical Application
  • Presenting Decision Analysis

 

Also available as an  ILM-endorsed title of 'Professional Project Analyst'


Quality Logo

GLOMACS is proud to be an approved Registered Education Provider (R.E.P.) with PMI®. As an R.E.P. GLOMACS is qualified to issue applicable Professional Development Units (PDUs) to participants of any of its PMI® registered/approved seminars where one (1) PDU is equivalent to one (1) contact hour of training.

REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.

Quality Logo

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.



© 2018. Material published by GLOMACS shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Print Logo
P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.ae

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