courses

Fundamentals of Project Economics & Risk

Location London, UK (with MS Teams option if required)

Date 16th March 2022

Duration 2 days

Topic Contract and Project Management

CPD Hours 14

Price IChemE member £1,825 + VAT, non-member £2,195 + VAT

This is an IChemE approved training course and not delivered directly by the Institution. For more information about the course, contact the training provider directly.

Overview

The course will introduce you to the economic analysis of capital project investment opportunities in the context of risk and uncertainty, providing you with the knowledge, language and tools to improve your commercial business awareness and to sharpen your focus on value creation.

Course outline

  • The role of the project economist
  • Inflation, nominal, real terms money
  • The time value of money, risk and discounting
  • Discounted cash flows
  • Project economic metrics
  • Project taxation
  • Evaluation of incremental projects
  • Decommissioning economics
  • Bias in decision making
  • Introduction to decision trees
  • Value of information
  • IRR in acceleration projects
  • Sensitivity analysis

Learning outcomes

The course will introduce you to the economic analysis of capital project investment opportunities in the context of risk and uncertainty, providing you with the knowledge, language and tools to improve your commercial business awareness and to sharpen your focus on value creation. The course will enable you to:

  • engage with decision makers using their language
  • calculate the profitability of a project with confidence
  • understand and evaluate project risk
  • calculate and understand the role of taxation in projects
  • calculate project performance metrics such as IRR and NPV with confidence

Who will benefit

Those working in companies that make capital investments in projects, or that provide services to those companies and wish to have a stronger impact on business performance. The course has previously been completed by professionals working in engineering, management, tax, finance, commercial, sales, marketing and other roles.

In-company training

This course is also available as an in-company course (face-to-face or online) where content can be customised to meet your organisation's specific needs and delivered on a date/location that suits your requirements. Contact us for more information.

Discounts

Discounts are available to companies booking more than one place:

  • 2 places - 5% discount
  • 3 places - 10% discount
  • 4 or more places - 15% discount.

Bookings must be made at the same time to receive the discount.

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