GENERAL INTRODUCTION TO ECONOMIC APPRAISAL
2 Day Course £550.00 +VAT
Who should attend?
Engineers, recent graduates and others who are
involved in the decision-making process on asset
procurement, improvement or life extension.
Why Attend?
In today's competitive environment where
organisations are being challenged to improve
performance, the use of economic appraisal
techniques is a key management tool in reducing
costs and maximising returns on assets employed.
This course removes the mystique surrounding
economic appraisal methods and provides
participants with a clear understanding of the
underlying key principles as well as an
introduction to the techniques themselves. These are given full practical illustration and
demonstrated using the Finance functions within
Microsoft Excel.
What Does the Course Cover?
- The purpose of project (or investment)
economic appraisal
- Regarding a project as a flow of funds
- The risks and rewards of capital
investment
- Risk aversion
- The discounting rate and what it
represents
- The present values of an expenditure or
income stream
- The net present value (NPV) calculation
of a project
- The effect of taxation
- Carrying out a sensitivity analysis
- Checking the logic
- Calculating the internal rate of return
for the project
- Other methods such as pay-back period,
time-constrained NPV etc
Applications and practical examples are
provided throughout.
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