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A PMI Approved Training Course

Project Appraisal & Analysis

Tools & Techniques for Managing Project Risks & Uncertainties

Certified & Accredited By
PMI
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Why Choose Us

The Project Appraisal & Analysis Course gives project, finance, and strategy professionals a comprehensive, analytical framework for appraising and analysing projects — covering investment criteria, technical and environmental risk identification, financial analysis, capital investment appraisal techniques, quantitative and qualitative risk management, and the project control tools needed to manage cost and schedule performance throughout the project lifecycle.

Project appraisal quality determines the quality of investment decisions. Organisations that rigorously assess technical, logistical, economic, and market risks before committing capital — and that apply sound financial appraisal using NPV, IRR, WACC, and sensitivity analysis consistently make better investment decisions and deliver more predictable project outcomes than those that rely on optimistic assumptions and incomplete analysis.

This course addresses every dimension of rigorous project appraisal — from investment criteria and market risk analysis, through cashflow estimation, capital investment appraisal, qualitative and quantitative risk analysis, Monte Carlo simulation, sensitivity analysis, decision trees, and earned value management. Spreadsheet application is integrated throughout.

The Project Appraisal & Analysis Course is built for project and finance professionals who want the analytical tools and quantitative capability to appraise projects rigorously, manage uncertainty systematically, and control project cost and schedule performance with genuine analytical depth.

Why Choose Project Appraisal & Analysis
Course Goals

What are the Goals?

The Project Appraisal & Analysis Course is designed to develop comprehensive project appraisal and analysis capability from investment criteria and risk identification through financial analysis, risk management, and project control.

By the end of this course, participants will be able to:

  • Apply the investment criteria and investment planning process to project selection aligned with organisational objectives
  • Identify and assess technical, logistical, environmental, economic, and market risks in project appraisal contexts
  • Estimate income, cashflows, and durations and identify risks from projected cashflow profiles
  • Calculate the cost of finance using WACC, CAPM, and arbitrage pricing theory
  • Apply capital investment appraisal techniques including Payback, ARR, NPV, and IRR using spreadsheet-based financial analysis
  • Measure and evaluate project risks and uncertainties including likelihood and impact assessment
  • Balance scope, time, quality, and cost constraints in project risk and contingency planning
  • Apply the risk management process across project lifecycle stages and conduct qualitative and quantitative risk analysis
  • Apply financial risk management, derivatives, sensitivity analysis, and Monte Carlo simulation to project uncertainty
  • Apply decision trees, critical path analysis, resource smoothing, contingency planning, and earned value analysis to project management and control

Who is this Training Course for?

The Project Appraisal & Analysis Course is designed for project, finance, strategy, and risk professionals who are responsible for appraising project investments, assessing project risk, and controlling project cost and schedule performance.

This course is suitable for:

  • Project managers and programme managers responsible for project appraisal, risk management, and performance control
  • Finance managers and investment analysts conducting project financial appraisal and capital investment evaluation
  • Strategy and planning professionals applying investment criteria and market analysis to organisational project selection
  • Risk management professionals applying qualitative and quantitative risk assessment to project decisions
  • Project controls professionals applying sensitivity analysis, Monte Carlo simulation, and earned value management
  • Cost engineers and estimators developing project cashflow projections and cost risk assessments
  • PMO professionals developing project appraisal frameworks, risk management standards, and control methodologies
  • Graduate project management, finance, and engineering professionals building a structured foundation in project appraisal and analysis
Learning Approach

How will this Training Course be Presented?

The Project Appraisal & Analysis Course is delivered through a structured, analytically focused learning approach that moves from investment criteria and risk identification through financial analysis, risk management, quantitative uncertainty analysis, and project control. Each day addresses a distinct analytical domain, building a complete, integrated project appraisal and risk management capability across the full course.

Spreadsheet-based financial analysis, risk assessment exercises, Monte Carlo simulation discussions, decision tree applications, and earned value analysis sessions are integrated throughout, ensuring delegates develop direct, hands-on analytical capability alongside conceptual understanding.

Delivery methods include:

  • Instructor-led sessions covering investment criteria, risk identification, financial appraisal, risk management, and project control frameworks
  • Technical, environmental, and market risk identification sessions applying structured risk identification to project appraisal contexts
  • Financial analysis and spreadsheet sessions applying cashflow estimation, WACC, CAPM, NPV, IRR, and Payback calculations
  • Critical path, resource planning, and earned value sessions applying project control tools to cost and schedule performance management

The Course Content

Project Appraisal & Analysis I

  • The Investment Criteria & The Investment Planning Process
  • Identifying Technical, Logistical & Environmental Risks
  • Economic Risk Analysis
  • Market Risk Analysis
  • Selecting Projects to meet Organisational Objectives in a COVID World

Project Appraisal & Analysis II – Financial Analysis

  • Estimating Income, Cashflows & Durations
  • Identifying Risks from the Projected Cashflow
  • Calculating the Cost of Finance – WACC, CAPM & Arbitrage Pricing
  • Capital Investment Appraisal Techniques - Payback; ARR, NPV, IRR etc.
  • Financial Appraisal using Spreadsheet Skills

Project Risk & Uncertainties

  • Measuring Risk & Uncertainties - coping with COVID
  • Project Constraints
  • Balancing Scope, Time, Quality & Cost
  • Evaluating the Risks & Uncertainties – Their Likelihood & Impact
  • Risk Response Planning & Reporting – Contingency Plans to cope with on-going COVID

Risk Management

  • The Risk Management Process at various levels of an organization and throughout the Project Life Cycle
  • The Project Manager’s Roles and Responsibilities
  • Qualitative & Quantitative Risk Analysis
  • Financial Risk Management & Derivatives
  • Sensitivity Analysis & Monte Carlo Simulation Analysis

Managing Uncertainties

  • Decisions Trees to Manage Uncertainties and make Strategic Decisions
  • Programming Techniques – Gannt Charts, Network & Critical Path Analysis
  • Manpower Planning and Resource Smoothing & Levelling
  • Project Contingency Planning
  • Earned Value Analysis – Controlling Cost & Schedule Variances
Recognition

Certificate

  • • Wallstreet Development Academy Certificate of Completion for delegates who attend and complete the training course.
Qualifications & Endorsements

Accreditation

PMI

Wallstreet Development Academy is an official PMI Authorized Training Partner (ATP). All applicable project management courses are pre-approved by the Project Management Institute, allowing participants to earn the necessary PDUs and Contact Hours for certification and recertification.

Collaborations

In Partnership With

Anderson Copex Coventry