Description

🌟 Provided by PMI® A.T.P. #4760. 🌟 Earn 3 PDUs Upon Course Completion. 📚

This practical training course provides you with the essential knowledge and skills to effectively appraise and analyze 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.

When taking in this course, you will:

• Undertake, Technical, Economic, Financial & Risk Analysis to select Projects to meet Organisational Objectives
• Undertake Financial Analysis using Payback, NPV & IRR
• Analyze the capital budgeting decision by turning the focus to how the financial manager should prepare cash-flow estimates for use in net present value analysis.

Course information on PMI®: https://ccrs.pmi.org/search/course/536514

Course Outline

LESSON 1: ACCOUNTING AND FINANCE
When businesses were small and there were few outside stakeholders in the firm, accounting could be less formal. But with the industrial revolution and the creation of large railroad and canal companies, the shareholders and bankers demanded information that would help them gauge a firm’s financial strength. That was when the accounting profession began to come of age.

LESSON 2: NPV & INVESTMENT CRITERIA
The investment decision, also known as capital budgeting, is central to the success of the company. We have already seen that capital investments sometimes absorb substantial amounts of cash; they also have very long-term consequences. The assets you buy today may determine the business you are in many years hence.

LESSON 3: INVESTMENT DECISIONS
In this material, we continue our analysis of the capital budgeting decision by turning our focus to how the financial manager should prepare cash-flow estimates for use in net present value analysis.

LESSON 4: PROJECT ANALYSIS
Project evaluation should never be a mechanical exercise in which the financial manager takes a set of cash-flow forecasts and cranks out a net present value. Cash-flow estimates are just that—estimates. These techniques involve asking a number of “what-if ” questions. What if your market share turns out to be higher or lower than you forecast? What if interest rates rise during the life of the project?