Training on Project Appraisal: Identification, Policy Analysis & Selection
INTRODUCTION
Project appraisal is a critical step in determining the viability and potential impact of a project. It involves evaluating the economic, financial, social, and environmental dimensions of a project before making investment decisions. This course is designed to provide participants with the tools and techniques to identify, analyze, and select the most beneficial projects that align with organizational objectives and policy frameworks.
Through this 5-day training, participants will gain practical knowledge on how to systematically evaluate project proposals, conduct comprehensive cost-benefit and risk analyses, and ensure that selected projects contribute to sustainable development goals. The course covers the entire lifecycle of project appraisal, from identification and policy alignment to final selection, using real-world case studies and hands-on exercises.
DURATION
5 Days
TARGET AUDIENCE
This training course will particularly benefit:
- Project and Contracts Personnel in both public and private sectors
- Technical Specialists seeking broader perspectives of project planning & implementation
- Government Officials, Ministries, Public Sector Agencies
- Project Financiers, Developers, Sponsors, Consultants
- Risk Management Personnel
- Project Management Professionals
OBJECTIVES
By the end of this training course, participants will be able to:
- Understand the principles of project appraisal – Grasp the key concepts, processes, and frameworks for appraising projects.
- Identify and screen potential projects – Learn techniques to identify and prioritize projects based on strategic, economic, and policy relevance.
- Analyze project costs and benefits – Develop skills in conducting detailed financial, economic, and social cost-benefit analyses (CBA).
- Evaluate policy alignment – Assess the alignment of project proposals with relevant policies, regulations, and strategic goals.
- Conduct risk analysis and mitigation planning – Identify risks associated with project implementation and develop strategies for mitigating them.
- Select projects based on comprehensive criteria – Use objective criteria to evaluate and select projects that offer the highest value and alignment with organizational goals.
- Apply appraisal techniques to real-world scenarios – Gain practical experience through case studies and group exercises focused on real-world project appraisal and selection.
COURSE OUTLINE
Module 1: Introduction to Project Appraisal and Identification
- What is Project Appraisal?
- Importance in project management and investment decisions
- Types of appraisals: Economic, Financial, Environmental, Social
- Project Lifecycle and Appraisal Stages
- Project identification, formulation, and appraisal phases
- Project Identification Techniques
- Identifying potential projects that align with organizational goals
- Problem tree analysis and objective tree analysis
- Screening Projects for Feasibility
- Initial feasibility checks: Technical, financial, and operational feasibility
Module 2: Policy Analysis and Strategic Alignment
- Policy and Regulatory Frameworks in Project Appraisal
- Overview of relevant policies, laws, and regulations
- Aligning projects with local, national, and international policies
- Strategic Planning and Project Relevance
- Ensuring projects align with organizational mission and goals
- Policy alignment for public and private sector projects
- Political, Social, and Environmental Considerations
- Assessing social and environmental impacts of project proposals
- Integrating sustainable development goals (SDGs) into project appraisal
- Case Study: Appraisal in the Context of Policy Alignment
Module 3: Financial and Economic Cost-Benefit Analysis (CBA)
- Introduction to Cost-Benefit Analysis
- Concepts, methodologies, and significance of CBA in project appraisal
- Financial Appraisal Techniques
- Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period
- Discounted cash flow (DCF) analysis
- Economic Appraisal
- Distinguishing between financial and economic analyses
- Shadow pricing, externalities, and opportunity costs
- Social Cost-Benefit Analysis (SCBA)
- Case Study: Applying CBA to a Sample Project
Module 4: Risk Analysis and Sensitivity Analysis
- Identifying Project Risks
- Types of risks: financial, technical, environmental, political
- Developing a risk identification and assessment framework
- Risk Mitigation Strategies
- Tools and techniques for mitigating identified risks
- Contingency planning for high-risk projects
- Sensitivity Analysis
- Importance of sensitivity analysis in decision-making
- Evaluating how changes in key assumptions affect project outcomes
- Case Study: Risk and Sensitivity Analysis in Project Selection
Module 5: Project Selection and Final Appraisal
- Multi-Criteria Decision Analysis (MCDA) for Project Selection
- Developing criteria for project evaluation: financial, strategic, social, and environmental
- Weighting and scoring systems for objective project evaluation
- Evaluating and Selecting Projects
- Integrating CBA, risk, and policy alignment to make informed project decisions
- Selecting projects based on value maximization and alignment with goals
- Reporting and Communicating Project Appraisal Findings
- Creating comprehensive project appraisal reports for decision-makers
- Effective communication of project benefits, risks, and recommendations
- Final Group Exercise: End-to-End Appraisal of a Real-World Project
- Participants will work in teams to apply learned concepts to a project, from identification to selection.
CERTIFICATION
- Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate
TRAINING VENUE
- Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.
AIRPORT PICK UP AND ACCOMMODATION
- Airport pick up and accommodation is arranged upon request
TERMS OF PAYMENT
- Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com
