The objective of specialized programs is to focus on specific areas of project evaluation, project management, and general economics. Specialized programs are developed and implemented as requested by the sponsoring organization or government.
In most cases, specialized programs are offered in the host country. The creates an opportunity to tailor the content of the program to address local capacity gaps, increasing the program’s value. Some of the topics covered are listed below:
- Design and Evaluation of Public-Private Partnerships (PPP)
- Appraisal of Electricity Generation, Transmission, and Distribution Projects
- Integrated Appraisal of Transportation Projects
- Cost-Effectiveness Analysis of Health, Nutrition, and Education Programs
- Tax Analysis and Revenue Forecasting
- Natural Resources Governance and Management
- Project Management
Design and Evaluation of Public-Private Partnerships (PPP)
This program emphasizes economic and stakeholder analysis of projects undertaken on a project financing basis. Firstly, the design and risk implications of alternative security arrangements used in such financing structures are considered in detail. Secondly, the types of risks faced by projects in different sectors are identified. Thirdly, participants become familiar with the modern techniques of risk mitigation for such project financing arrangements. Finally, the characteristics and types of risk facing financial institutions that are inherent to alternative special purpose vehicle contracting or concession arrangements are discussed.
Appraisal of Electricity Generation, Transmission, and Distribution Projects
A reliable electricity sector, is one of the most important needs for any economy in today’s world. Often, governments in developing countries (even oil rich) fail to invest in the right technology or capacity. This results in significant financial and social costs for the economy. An integrated evaluation of investment in the power sector can identify gaps and solutions for a system of electricity generation, distribution, and transmission.
In response to rising oil prices and concerns for the environment, many countries have invested in renewable sources of energy. While many viable renewable sources exist, failing to carefully integrate them into the pervading systems of electricity generation can lead to higher generation costs, compromising the reliability of distribution.
Such topics are thoroughly covered and applied in a course that is focused on Appraisal of Electricity Generation, Transmission, and Distribution Projects.
Integrated Appraisal of Transportation Projects
The following topics are covered in a program on transportation projects:
- Techniques available for evaluating the costs and benefits of transportation for the consumer
- Estimation of social costs associated with congestion
- Integration of movements in different parameters affecting the demand for transportation
- Toll roads
- Integration of the impacts on/from alternative and complimentary means of transportation
- Alternative evaluation and ranking techniques for rural and low traffic roads
Cost-Effectiveness Analysis of Health, Nutrition, and Education Programs
It is almost impossible to evaluate projects aimed at improving health, nutrition, or education, solely by using conventional cost-benefit analysis. The main challenge is assigning a monetary value to the benefits earned from these projects. However, alternative methods exist, which help identify the most economically viable option for achieving a given target, or disbursing a budget efficiently. This program focuses on cost-effectiveness analysis, and other tools for ranking and evaluating such investment projects.
Tax Analysis and Revenue Forecasting
Based on the local context, the following topics can be covered in a program on Tax Analysis and Revenue Forecasting:
- International trade taxation and agreements
- International tax harmonization
- VAT and excise taxes
- Consumption and expenditure taxes
- Natural resources taxes
- Personal income tax
- Corporate income tax
- Property taxes
- Tax reform
- Revenue forecasting
- Modelling tax and customs administration
- Public finance.
Natural Resources Governance and Management
Topics included in a program on Natural Resources Governance and Management are grouped under three categories: Legal and Policy, Contracting, and Fiscal Management. Other important issues that are also covered in such programs include Socio-Economic Impacts and Environmental Management.
Through this program, participants learn about the modern Project Management processes and knowledge areas, as well as obtain a global perspective of recent developments in these fields. It is completely in-line with PMI®’s globally recognized PMBOK® Guide, fifth edition. The program emphasizes application in a number of sectors, including water supply, road construction, hospital/health care, housing, operations planning, new plant development and environmental control.
- Project management process groups and knowledge areas
- Integration management
- Scope management
- Time management
- Cost management
- Quality management
- Human resource management
- Communications management
- Risk management
- Procurement management
- Stakeholder management