General
Aim of the Programme
This
comprehensive one-day programme aims to equip you with the confidence
to communicate with both colleagues and senior management about
the financial effects of committing for a capital project. It
will do this firstly, by giving you, the participant, a significant
amount of knowledge and understanding and secondly, by removing
the mystique from financial statements through worked examples
and a clear and humorous clarification of
the terminology used. It is intended to have a direct impact
on the organisation’s performance by making managers more
aware of the financial implications behind project decision-making.
Specific
Objectives of the Programme
By
the end of this programme participants will be able to:
- Understand
which costs and revenues are relevant in appraising
a capital project.
- Understand
the techniques of payback, accounting rate of return
and discounted cash flow and their application to project
appraisal.
- Understand
how to allow for risk in project appraisal and the
techniques involved.
- Understand
the use of sensitivity analysis in minimising risk
and therefore the managerial decisions needed to manage
that risk.
