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PRODID:-//McTimothy Associates
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X-WR-CALNAME:McTimothy Associates
X-ORIGINAL-URL:https://www.mctimothyassociates.com/product/project-analysis-tools-techniques-for-managing-risk-uncertainty-virtual-training-4/
X-WR-CALDESC:Project Analysis Tools and Techniques for Managing Risk and Uncertainty
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DTSTART;TZID=Europe/Paris:20251204T100000
DTEND;TZID=Europe/Paris:20251206T160000
SUMMARY:Project Analysis Tools and Techniques for Managing Risk and Uncertainty
DESCRIPTION:Project Analysis Tools & Techniques for Managing Risk & Uncertainty (Virtual Training)   Introduction The decision whether or not to invest in new capital projects, starts with critical decisions during the exploration phase of a new development, or the expansion of an existing field. The decision-making tools used to analyze project risk under conditions of uncertainty will help companies to determine the probability of success or loss and will drive the decision to develop or abandon the well. Of paramount importance therefore, is the systematic and comprehensive evaluation of potential investments, and the development of detailed cash-flow analyses to determine as accurately as possible, the expected returns to the organization under varying conditions of uncertainty over the expected productive life of the project. This requires the development of sound, realistic, and carefully structured cash-flow projections, reflecting both the initial capital expenditures required for the acquisition of the asset, as well as the operational expenditures required for successful operation and maintenance of the asset over its anticipated productive life. World-wide an alarming number of large capital projects fail to meet, or overrun their planned budgets, failing to realize both the financial and strategic goals of the organization - the very reason for their being undertaken in the first place - often with sizable increases in capital and operational expenditures, and with substantial financial losses to the organization. In the majority of cases, this is the inevitable consequence of failing to apply the tools and techniques of modern project decision-making, evaluation, financial planning, capital management and cash flow analysis when considering investment into new capital projects.   Objectives At the end of this training course, you will learn to: Understand how to manage organization's investments in large capital-intensive projects Identify how to make and understand financial decisions and be able to present this back to the stakeholder community Identify how to manage the cash flow of projects and manage and appraise the financial risk mitigation strategies Understand proper cash-flow and sensitivity analyses to forecast and control potential future conditions Define and manage project success factors and maximize the return on the capital invested in projects Understand how to define financial strategies and incorporate these into project risk mitigation strategies Enhance their understanding of the time value of money, as well as learn how to use the basic tools of financial engineering such as Net Present Value, Internal Rate of Return, and Annual Worth calculations Participants will learn how to evaluate and compare various alternative solutions over differing time horizons Detailed explanations of the tools and techniques to determine and continuously monitor project feasibility, will enable participants to select projects with the best capital investment potential Participants will learn how to identify, plan, structure and manage risks to the overall delivery of projects – a powerful forecasting and control element leading to project success Duration: 3Days Who is this Training Course for? This training course is designed for: Key investment decision makers Investors Project managers Programme and project professionals Project leaders Project engineers Cost engineers Senior project control professionals and Business services professionals who are responsible for or involved in evaluating projects and managing cash flow throughout the duration of project delivery Course Methodology Delegates will develop project management skills supported by financial analysis and cash flow management skills through formal and interactive learning methods. This training course includes use of Microsoft excel tool for analysis, individual exercises, team projects, applicable case studies and group discussions that will bring to life the skills acquired throughout the course. The material has been designed to enable delegates to apply all of the material with immediate effect back in the workplace. Additionally, the course does not assume prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts.   Course Outline Module 1: Fundamentals of Decision Analysis Fundamentals of Decision Analysis What is Project Management Decision Analysis? The Purpose of the Project Business Case The need for systematic Risk Management for Decision-Making Risk and Uncertainty on projects Option analysis Identifying key decision-making factors Measures of Project Profitability Fundamental tools of engineering economics Time Value of Money Appraisal Methods - Discounted Cash Flow Projections Time Equivalence  Module 2: Cash-Flow Modelling and Project Decision Analysis Cash-Flow Modelling and Project Decision Analysis Financial Modelling and Project Evaluation Rate of Return Computations (IRR) Determining the Internal Rate of Return (IRR) The Risk of not understanding IRR Analysing Project Specifics Understanding the Project Context to assist in decision-making Determine stakeholders and their level of influence Capture Requirements Determine Scope of work Module 3: The Cost of Capital The Cost of Capital Capital & Operating Expenditures (CAPEX/OPEX) Estimating the Cost of Capital for a Project Benefit-Cost Ratio (BCR) Dis-benefits Risk Modelling in practice Identify Risks Forecasting Risk Impacts & Probabilities Opportunity Costs, Sunk Costs & Salvage Value of a Project Determining the Risk Priorities The need for Company Cash Flow Module 4: Decision Analysis: Expected Value Concept Basic Probability Concepts Fundamental Probability Concepts Mutually& Non-Mutually Exclusive, Independent Events Quantitative Project Risk Analysis Semi-Quantitative Bow-Tie Process Detailed Risk Quantification and Prioritisation Expected Monetary Value Scenario Planning Sensitivity Analysis Tools Simulation Process Tornado Diagram Defining the Variables - PERT Module 5: Decision Trees, EMV, Risk Responses and ROI Decision Tree Analysis Developing Decision Trees Solving Decision Trees Risk Responses Developing Risk Responses Evaluating Response Relevance ROI Analysis Understanding ROI Identifying ROI Evaluating and Presenting your Project options    
URL:https://www.mctimothyassociates.com/product/project-analysis-tools-techniques-for-managing-risk-uncertainty-virtual-training-4/
LOCATION:The professional Place, 12B Olumoroti Street Gbagada Phrase 2, Gbagada Lagos
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