Why Attend?

Knowing the best practices and the supporting tools and techniques of capital project budgeting, and being updated with the latest development constitutes a key requirement for all professionals involved in making or influencing management and business decisions involving capital projects. Project oriented organizations are faced nowadays with the imperative need to invest and implement projects at an increasingly rate and with growing complexity and innovation.  With this reality, several major challenges come along:

• How to ensure that the organization is optimizing its overall investment in the most valuable projects?
• And how to make those decisions auditable?
• How to take into account the various aspects of a project’s economic attractiveness as well as the non-economic impacts?
• How to make sure that the estimated investment based on which projects are selected for investment is accurate and predictable?
• And how to prevent unpredictable and adverse changes to the cash-flow and funding requirements?
• How to duly account for the ever-present uncertainty and risk in the project estimates and expected return on investment?
• How to properly account or the time-value of money, taxes and depreciation, in evaluating projects and the alternatives to manage the life-cycle of the strategic assets?
• Once a project enters execution, how to ensure that changes and project performance variations are proactively monitored and managed in order to update expectations of the return on investment and to maximize it where possible?

PARTNER ORGANISATION: 

 COURSE ACCREDITATION:

Presented by INTERNATIONAL PROJECT MANAGEMENT EXPERT: Philip Rosslee B.Eng, Pr.Eng, MBA, PMP. Philip is recognised as one of the Top Project Management Leaders globally. He has been involved in various projects globally and has earned multiple accolades for his extensive knowledge and contribution in the subject field. Don't miss this rare opportunity to learn from Phillip.

TOP LEARNING OBJECTIVES:

• Know and understand the process of project capital budgeting, its context and importance for project-based organisations
• Know the main disciplines and associated standards and best practices involved in the capital budgeting process of projects
• Understand and know how to apply in practice they key concepts of financial mathematics as the basis to evaluate capital project investment scenarios
• Understand and know how to implement in practice the main project evaluation and selection methods, including economic indices, scoring models and portfolio optimization
• Know and understand the main methods to evaluate asset depreciation, the types of costs, and how these affect the capital budgeting process
• Know how to develop models to analyze and evaluate project scenarios for asset replacement versus asset improvement investments, using all the concepts and methods of capital budgeting, including the annuity
• Know how to use in practice the estimating recommended practices from the AACE International of cost and schedule classification (18R-97 and 27R-03) based on the level of maturity of project definition
• Understand and know how to use the Project Definition Rating Index (PDRI) from the Construction Industry institute (CII) (RR113-11) to measure the level of project definition
• Understand and know how to implement a comprehensive and integrated cost and schedule estimating process, including the risk contingency reserves, to ensure the required accuracy and predictability of capital budgeting and return on investment expectations
• Know how to implement in practice the main cost and schedule estimating techniques including range analysis, Monte Carlo simulation and parametric modelling
• Know how to incorporate in the project budget the contingency reserve based on the risk register and risk quantification
• Understand the importance and know how to document the basis of the estimate as the basis for auditing and performance analysis during project execution
• Know how to integrate the project scope definition, cost, schedule and risk contingencies into a consolidated project performance baseline (PMB) from where the project investment cash-flow and funding requirements can be derived with accuracy
• Understand the importance of updating the project capital budgeting analysis based on the project performance measures and project changes during project execution
• Understand the different types of project changes and how to incorporate these into the project baseline, update the investment and benefits realization cash-flows, review the capital budgeting model of project evaluation, and monitor the variation of the expected Return on Investment (ROI)

   

WHO SHOULD ATTEND:

• Project Sponsors
• Top Management
• Project Financial Controllers
• Investment Risk Analysts
• Project Managers
• Project Controllers
• Risk Management Office Staff
• Project Management Office Staff
• Project Management Team Members 
  
  
  

3 Day Course: R14 900.
Register 3 or more: R 12 900 per person.

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