Project Appraisal and Development Planning (PADP)

• Project cycle management, preconditions and assumptions, and its iterative structure.
• Alternative planning strategies for conditions of uncertainty.
• Organizational factors involved in developing new policies, choosing among alternatives, gaining acceptance, assuring implementation, and coping with unanticipated consequences.
• Political environment and the interactions of clients and advisers, engineers, planners, policy analysts, and other professionals.

I. Introduction

• Introduction to Project Evaluation and Course Overview
• The Development Planning Tradition
• The Project Cycle: Project Identification and Appraisal

II. Financial Appraisal

• Development of Financial Cash Flows for Project Evaluation: Investment Plan
• Development of Financial Cash Flows for Project Evaluation: Operating Plan, Analysis from Alternative Points of View
• Discounting and Alternative Investment Criteria
• Alternative Investment Criteria and Problems of Durability and Correction Procedures
• Scale, Timing, and Interdependencies in a Project - 1
• Scale, Timing, and Interdependencies in a Project - 2
• Forecasting and the Treatment of Inflation - 1
• Forecasting and the Treatment of Inflation - 2
• Risk Analysis
• Project Financing and Risk Management
• Debrief Problem Set 4: Risk Analysis

III. Economic Appraisal and Cost-Effectiveness Analysis

• Overview of Economic Analysis of Investment Decisions
• Measurement of Economic Benefits and Costs in Undistorted Markets; with Sales Taxes and Subsidies
• Measurement of Economic Benefits and Costs in Distorted Markets: Taxes, Rationing, Monopolies
• Measurement of Economic Benefits and Costs in Distorted Markets: Tradables and Forex
• Economic Opportunity Cost of Capital: Discount Rates
• Cost-Effectiveness Analysis

IV. Critical Analysis of Quantitative Appraisal Techniques

• Social-Distributive Appraisal of Projects
• Institutional Dimensions: Local Politics and Capacity - Project Implementation, Monitoring
• Institutional Dimensions of Project Appraisal: the Funders
• Project Appraisal and Project Evaluation
• Rational Analysis in the Field
• Participation in Development Projects
• Projects in Practice

• All non-accountants who need an understanding of finance and accounts in order to perform their roles effectively, including:
• Engineers, technical managers, production managers, project managers and all those from non-financial disciplines.
• Newly appointed managers, supervisors and team leaders.