Module 1: Introduction to Investment Appraisal

·       The importance of investment appraisal

·       The capital budgeting process

·       Types of investment decisions

·       Key principles of investment appraisal

·       The time value of money

·       Practical session: Calculating present and future values of cash flows.

Module 2: Capital Budgeting Techniques

·       Net Present Value (NPV)

·       Internal Rate of Return (IRR)

·       Payback period

·       Discounted payback period  

·       Profitability Index (PI)

·       Practical session: Performing a Net Present Value (NPV) analysis for a project.

Module 3: Cash Flow Estimation

·       Identifying relevant cash flows

·       Estimating initial investment

·       Forecasting operating cash flows

·       Determining terminal value

·       Inflation and cash flow analysis

·       Practical session: Estimating cash flows for a capital budgeting project.

Module 4: Risk Analysis in Capital Budgeting

·       Types of risk in capital budgeting

·       Sensitivity analysis

·       Scenario analysis

·       Break-even analysis

·       Monte Carlo simulation

·       Practical session: Conducting a risk analysis for a capital budgeting project.

Module 5: Cost of Capital

·       Cost of debt

·       Cost of equity

·       Weighted Average Cost of Capital (WACC)

·       Factors affecting the cost of capital

·       Using the cost of capital in investment appraisal

·       Practical session: Calculating the Weighted Average Cost of Capital (WACC).

Module 6: Project Financing

·       Sources of project finance

·       Debt financing

·       Equity financing

·       Leasing

·       Project finance structures

·       Practical session: Evaluating different project financing options.

Module 7: Real Options Analysis

·       Introduction to real options

·       Types of real options

·       Valuing real options

·       Decision trees

·       Applying real options in investment appraisal

·       Practical session: Valuing a project with a real option.

Module 8: Capital Rationing

·       The concept of capital rationing

·       Hard vs. soft capital rationing

·       Methods of project selection under capital rationing

·       Profitability Index (PI) ranking

·       Linear programming

·       Practical session: Selecting projects under capital rationing.

Module 9: Post-Investment Audit

·       The importance of post-investment audits

·       Objectives of post-investment audits

·       Process of conducting post-investment audits

·       Performance measurement

·       Learning from post-investment audits

·       Practical session: Conducting a post-investment audit for a completed project.

Module 10: International Investment Appraisal

·       Unique aspects of international investment appraisal

·       Political risk analysis

·       Exchange rate risk

·       Taxation issues

·       Cross-cultural considerations

·       Practical session: Evaluating an international investment opportunity.

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588