Program on Investment Appraisal and Risk Analysis (PIAR)

Period: July 2 – 27, 2018

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Website - PIARFor the 19th year, Queen’s University is offering its state-of-the-art 4-week program on Investment Appraisal and Risk Analysis for professionals working in public and private organizations.

Participants will learn how to conduct the Integrated Analysis of Investment Projects including financial, economic, risk and stakeholder analysis. They will gain skills in the design and testing of risk management contracts, public private partnerships (PPPs), and the evaluation of project financing options.

Through lectures by internationally recognized experts, applied case studies, and group discussions, participants will gain practical knowledge, and obtain a global perspective of recent developments in these fields.

Professionals who have undergone training in Investment Appraisal are eligible for our Training of Trainers stream.

Goals

The goals of the program are to develop the operational skills of participants so that they are able to:

  • Plan and assess all aspects of investment projects
  • Add value through the redesign of projects
  • Prepare project financing agreements
  • Design strategies to address stakeholder concerns
  • Develop sustainable PPP models

Course Outline

The curriculum covers the Integrated Investment Appraisal Methodology, including the financial, risk, economic, and stakeholder analysis. Topics include:

Website - PIAR2Financial Modeling

  • Project environment
  • Stages in development of feasibility studies
  • Development of project cash flows
  • Different perspectives and project sustainability
  • Projection of real prices through time
  • Insuring consistency among nominal prices, exchange rates, and interest rates
  • Evaluation of debt service capacity
  • Uses and limitations of different investment criteria
  • Scale and timing decisions
  • Privatization and regulation issues

Risk Analysis and Project Finance

  • Assessing sources and nature of project variability
  • Risk assessment techniques
  • Monte Carlo Simulation using Crystal Ball
  • Quantification of risk variables
  • Project financing
  • Public-Private Partnerships
  • Risk management
  • Management of Contingent Liabilities
  • Evaluation of contracts and Project Viability
  • Public investment management

Economic Analysis

  • Economic valuation of marketed and non-marketed goods and services
  • Economic opportunity cost of capital
  • Economic cost of foreign exchange
  • Economic cost of human resources
  • Cost effectiveness analysis
  • Economic analysis of projects in different
    sectors including power, education,
    transportation, health, agriculture, water,
    and telecommunication

Environmental Analysis

  • Economic valuation of environmental impacts
  • Integration of environmental analysis with project appraisal

Stakeholder Impact Assessment

  • Identification of stakeholders
  • Measurement of projects’ impact on each group of stakeholders
  • Social analysis of projects: basic needs analysis

Participants

Participants and Faculty of the 2016 Program on Investment Appraisal and Risk Analysis

This program has been crafted for people who design, select, or finance projects. The acquired operational skills have proven to be effective for the career development of individuals in a wide range of organizations, including:

  • Public and private enterprises
  • Banks and financial institutions
  • Government ministries and regulatory agencies
  • International development agencies
  • Management, engineering and business consulting firms

Participants of past programs include: CEOs of utilities and infrastructure firms, directors of government ministries, professionals from international financial organizations such as the World Bank, the European Bank for Reconstruction, the Inter-American Development Bank, the African Development Bank, the Caribbean Development Bank, the Asian Development Bank, and the International Finance Corporation.

Our website maintains a record of our distinguished alumni and testimonies from our past participants on the relevance of this program to their work and career development. Visit the Alumni section of our website to learn more about our past programs and their participants.

Study Method

  • Application of analytical tools
  • Balanced combination of lectures, discussion groups, case studies, and computer based exercises
  • Individual guidance from international teaching staff

The program places emphasis on the integrated approach for investment appraisal. This methodology allows the analyst to use a single model to evaluate a project from different points of view including, but not limited to, the private operator, as well as the fiscal, social, and environmental impacts.

Queen’s University

Queens Campus Unversity Avenue

The program takes place on the historic campus of Queen’s University in Kingston, Ontario, Canada. Queen’s was established by Royal Charter in 1841, and is one of Canada’s most distinguished universities. Situated on the lakefront, the Queen’s campus is within walking distance from the city center with its excellent restaurants and other urban amenities.

Historic Kingston, Ontario

Kingston is located on Lake Ontario, mid-way between Toronto and Montreal, and close to Ottawa, the national capital. Kingston was established in 1669 and was the first capital of Canada. The city has a rich architectural heritage and spectacular waterfront location. It has become one of Canada’s premier tourist destinations.

Kingston City Hall

For recreation, sightseeing trips are provided for the participants to visit Niagara Falls and/or Canada’s capital, Ottawa. A cruise will be taken around the famous 1000 Islands region of Lake Ontario.

Costs and Funding

The cost for this 4-week program is US$ 11,900. This fee includes tuition, housing, health insurance, course materials, computer facilities, software, and all social events, but does not include airfare and other meal costs. Sponsorship is normally provided by the participant’s employer or by other funding organizations. Candidates should approach their current employer or other funding organizations in advance in order to obtain financial support.

Admissions Policy

The program is open to persons holding a university degree in economics, finance, management, accounting, banking, engineering, or related disciplines. In addition, prior work experience is taken into consideration.

How to Apply

We strongly encourage you to use our online application form. Applications may also be submitted by email, fax, or mail. Please download our offline application form if you chose not to apply online.

To ensure smooth communication, please provide a postal address and a street address, for both home and office (where different), office and home phone and fax numbers wherever possible, and an email address, if available.

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