COURSE OVERVIEW:

The success of a project is ultimately measured by its economic viability and the value it adds to the organization. This course provides a practical framework for project professionals who lack a formal background in finance but need to understand the economic drivers behind capital investment decisions. It focuses on the strategic importance of aligning technical project goals with financial performance metrics to ensure that projects are not just completed, but are commercially successful.

The scope of this training encompasses the fundamental concepts of the "Time Value of Money," the mechanics of "Net Present Value" (NPV), and the interpretation of "Internal Rate of Return" (IRR). Participants will learn how to build simple financial models, evaluate different investment scenarios, and understand the impact of "Inflation" and "Discount Rates" on project feasibility. The course addresses the complexities of "Budgeting" and "Cash Flow Management," providing practical tools for monitoring the financial health of a project throughout its lifecycle.

Coverage includes the analysis of "Capital Expenditure" (CAPEX) versus "Operating Expenditure" (OPEX), the implementation of "Cost-Benefit Analysis" (CBA), and the execution of "Sensitivity Analysis" for risk assessment. Attendees will explore the "Business Case" development process and learn how to communicate financial performance to executive stakeholders using professional terminology. By mastering these economic principles, non-economists will be able to contribute more effectively to strategic decision-making and safeguard the financial interests of their projects.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

• Apply the principle of the "Time Value of Money" (TVM).
• Calculate and interpret "Net Present Value" (NPV) and "IRR."
• Differentiate between "CAPEX" and "OPEX" in project budgets.
• Conduct robust "Cost-Benefit Analysis" (CBA) for technical options.
• Build and maintain basic "Project Cash Flow" projections.
• Determine the "Payback Period" and "Break-even Point" for projects.
• Understand the impact of "Discount Rates" on project viability.
• Execute "Sensitivity Analysis" to assess financial risks.
• Contribute to the development of a "Project Business Case."
• Interpret "Financial Statements" (Balance Sheet and P and L) at a basic level.
• Communicate "Project Economic Value" to senior management.
• Utilize "Value Engineering" to improve project economic outcomes.

TARGET AUDIENCE:

This course is intended for Project Managers, Technical Leads, Engineering Managers, Site Supervisors, and Operations Coordinators without a formal finance background.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximize the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.