Project Management

Economic Appraisal and Advanced Feasibility Studies for Investment Projects

A concise, decision-focused programme covering project economic appraisal end to end.

  • 5training days
  • 4modules
  • 8sessions
  • 32topics
View packages and pricesCourse outline
Economic Appraisal and Advanced Feasibility Studies for Investment Projects
5days

About the programme

Course Overview

Stakeholders withdraw support for project economic appraisal quietly before they withdraw it formally. A schedule for this strand of project and portfolio delivery without a critical path is a wish list with dates. It concentrates on the parts of the wider project and portfolio delivery agenda that determine outcomes and treats the rest proportionately. Post-incident reviews keep identifying weaknesses in project economic appraisal that were visible long before the incident. The method assumes participants will be challenged on their handling of the project and portfolio delivery discipline and prepares them for it. Moving the project and portfolio delivery capability from written policy into daily practice is not achieved by a single decision. It is appropriate for those preparing to take on wider responsibility for project economic appraisal. They gain the ability to sequence improvements to this area of project and portfolio delivery in an order their organisation can absorb. The final session converts the week's work on the practice within project and portfolio delivery into commitments with owners and dates.

Expected Learning Outcomes

  • Assess the current state of project economic appraisal against a structured set of criteria rather than impressions.

  • Structure records of project economic appraisal so that they answer the questions an auditor will actually ask.

  • Document decisions about project economic appraisal in a form that remains useful after the people change.

  • Plan handover and benefit realisation for project economic appraisal.

  • Manage dependencies between project economic appraisal and other initiatives.

  • Design the governance and decision rights for project economic appraisal.

  • Plan resource and capacity for project economic appraisal against other commitments.

Who Should Attend

  • Those responsible for briefing external stakeholders on project economic appraisal.

  • Project sponsors accountable for the outcome of project economic appraisal.

  • Project management office staff assuring project economic appraisal.

  • Client and stakeholder representatives monitoring project economic appraisal.

  • Business change managers handling adoption of project economic appraisal.

  • Business partners who must understand project economic appraisal well enough to challenge it.

Course Modules

Open any module to see its sessions and topics.

01

Project economic appraisal: progress measurement and early warning

2 sessions · 8 points

Session 1Building a schedule for project economic appraisal with a real critical path

  • Set the change control process for project economic appraisal and require cost and time impact.
  • Prepare the recovery plan for project economic appraisal before it is needed.
  • Remove steps in project economic appraisal that add effort without adding assurance.
  • Hold a lessons session on project economic appraisal while memory is accurate.

Session 2Reading the current state of project economic appraisal honestly

  • Manage supplier performance on project economic appraisal against contract, not goodwill.
  • Define the decision gates for project economic appraisal and what evidence each requires.
  • Write the scope statement for project economic appraisal including explicit exclusions.
  • Confirm that reporting on project economic appraisal reaches the people who can act.
02

Project economic appraisal: schedule, critical path and realistic duration

2 sessions · 8 points

Session 1The cost of project economic appraisal and how to present it

  • Register the risks to project economic appraisal with owner, probability and impact.
  • Distinguish symptoms from causes when project economic appraisal underperforms.
  • Benchmark the organisation's project economic appraisal against comparable operations.
  • Build the competence framework that supports project economic appraisal.

Session 2Keeping stakeholders of project economic appraisal genuinely supportive

  • Compare resource demand from project economic appraisal against other commitments.
  • Confirm that contractual obligations around project economic appraisal are understood.
  • Agree the escalation threshold for project economic appraisal in advance.
  • Identify the critical path through project economic appraisal and the float elsewhere.
03

Project economic appraisal: procurement, contracts and suppliers

2 sessions · 8 points

Session 1Making project economic appraisal work when resources are constrained

  • Check that project economic appraisal still works when volumes rise unexpectedly.
  • Plan handover of project economic appraisal to the team that will operate it.
  • Draft the minimum viable delivery plan for project economic appraisal.
  • Define the trigger that would require project economic appraisal to be redesigned.

Session 2Decision gates on project economic appraisal that can actually stop it

  • Archive the decision record for project economic appraisal so successors understand it.
  • Establish what evidence demonstrates project economic appraisal is under control.
  • Define how the benefit from project economic appraisal will be measured after closure.
  • Estimate the resource project economic appraisal requires to run as designed.
04

Project economic appraisal: stakeholders, communication and support

2 sessions · 8 points

Session 1Managing suppliers delivering part of project economic appraisal

  • Measure progress on project economic appraisal by value earned, not tasks ticked.
  • Build the internal briefing that explains project economic appraisal to those affected.
  • Plan the sequence in which improvements to project economic appraisal will be introduced.
  • Map stakeholders of project economic appraisal by influence and current level of support.

Session 2Handing over project economic appraisal and proving the benefit

  • Review at each gate whether project economic appraisal should continue at all.
  • Record what was learned when project economic appraisal did not go as planned.
  • Compare the cost of project economic appraisal with the cost of its absence.
  • Agree the smallest change to project economic appraisal that would be visibly useful.

Choose the package that suits you

Silver Package

At least 3 people

USD1,250
  • Workshop or Program Participation
  • Airport Transfers
  • Customized Badge
  • Expert Mentorship (Private Sessions)
  • Supervision & Secretarial Services
  • Accredited Certificate of Participation
  • Complete Training Kit
  • Coffee Break
  • Closing Ceremony

Gold Package

At least 3 people

USD1,850
  • 5-night stay in a 5-star hotel
  • Workshop or Program Participation
  • Airport Transfers
  • Customized Badge
  • Expert Mentorship (Private Sessions)
  • Supervision & Secretarial Services
  • Accredited Certificate of Participation
  • Complete Training Kit
  • Coffee Break
  • Closing Ceremony

Complete your registration

We will contact you within one business day to confirm.

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