1. Project Risk Management (25 Points)You have been tasked to.docx
2010 PARM Academic Content
1. PARM 2010 Academic Content 1
ACADEMIC CONTENT
PROGRAM ON PROJECT APPRAISAL AND RISK MANAGEMENT
DCID offered the Program on Investment Appraisal and Risk Management during the summer
session 2010. The Program covers in detail a range of subjects in finance, economics, risk
analysis, computer techniques, and management that apply to investment projects. The
performance of the participants is evaluated on their work through an examination and solutions
to case studies, and the completion of a pre-feasibility study. The course is taught at the graduate
level.
The topics covered in the program include:
Objectives of Investment Appraisal
Organizing the Different Stages of Investment Appraisal
Project environment
Stages in development of feasibility studies
Demand, engineering and human resource components
Financial Analysis
Development of performance cash flow statements
Different perspectives on project attractiveness
Uses and limitations of different investment criteria
Impact of scale, timing, and length of life on project viability
Project interdependencies
Adjustment for inflation and exchange rates
Risk Analysis and Project Financing
Foundations of uncertainty
Risk assessment techniques
Use of risk analysis software
Risk management
Contracts
Real and Financial Options
Project Financing, World and National Capital Markets
Assessment of Country and Industry Risk
Economic Analysis
Economic principles (micro and macro economics) for project evaluation
Economic valuation of non-tradable goods and services
Economic valuation of tradable goods and services
Economic value of foreign exchange
Economic cost of capital funds
Economic cost of labor
2. PARM 2010 Academic Content 2
Distributional - Social Evaluation
The Distributional Impacts of projects
The Basic-Needs approach to social evaluation
Integration of Financial, Economic and Stakeholder Appraisals
Consistent Framework for Quantitative Evaluation of Stakeholder Impacts
Policy Analysis
Appraisal of major investment projects in policy environments of the particular countries
In addition to the topics listed above, participants achieve a high degree of proficiency in the use
of microcomputers. Specifically, participants enhance their skills in:
The use of microcomputers in project evaluation
The use of risk-analysis software in assessing the risk of investment projects
The total number of lecture hours for the program is 92. In addition, the participants are engaged
in case analysis and presentations during which they have access to individual tutoring for at least
120 hours.
We trust this information will assist in assessing the academic content of the Program on Project
Appraisal and Risk Management.