At Keyst1, we take immense pride in sharing our expertise through online training programs.
Our courses are meticulously created, drawing on international best practices and enriched by the extensive experience we have amassed in our field. We aim to provide a unique learning experience, often not found on other platforms.
Our primary goal is to tackle real-world challenges and seize opportunities that arise in both business and personal contexts.
We accomplish this by:
- Offering practical methods, tools, and techniques that you can apply immediately Regularly reviewing and updating our content to ensure its relevance Actively identifying and addressing emerging issues and opportunities, understanding that:
- Your time is invaluable The world is in a constant state of flux A single solution may not address every problem.
Join us to unlock new insights and drive effective strategies tailored to your needs.
Your growth and success are our top priorities.
For each course, we provide the following information:
- Objective: A brief description of what the course aims to achieve. Full Table of Contents: A detailed outline of the topics covered. Best Fit Students: An explanation of who would benefit most from the course. Duration: The length of the course and any important milestones. What’s Not Included: Any exclusions or aspects not covered by the course.
Courses Available
Free-of-Charge Courses (F):
- These courses are available on our website.
Pay-per-Learn Courses (P):
- These courses are available on an external platform and can be accessed through the provided link.
Please write to training(at)keyst1.co if you have any specific courses you would like to inquire about or require further details.
The courses available are listed below.
A-001-P Basic
Project Economic and Financial Evaluation
A-001-P Basic Project Economic and Financial Evaluation
We welcome you to this Basic Project Economic and Financial Evaluation course!
Why attend this course?
It offers comprehensive insights, practical skills, and professional growth opportunities that can significantly enhance your career.
By participating, you gain access to expert knowledge and networking potentials, positioning yourself effectively for future challenges and advancements.
Understanding the economic and financial aspects of projects is crucial for ensuring their success and viability.
Economic evaluation involves assessing the costs and benefits of a project, while financial evaluation focuses on managing the project's finances to ensure profitability and efficiency.
By mastering these concepts, you can make informed decisions that will maximize the project's return on investment.
By integrating economic and financial evaluation techniques, you can assess a project's risks and rewards and make strategic decisions to optimize its success.
Congratulations on choosing a career in project economic and financial evaluation!
Your success in this profession will be determined by various factors.
One key aspect is developing a strong understanding of economic principles and financial analysis techniques.
This allows you to accurately assess the financial viability of projects and make informed recommendations to stakeholders.
By constantly refining your skills in these areas, you will be able to provide valuable insights that can drive the success of projects.
Another important factor in achieving success in this profession is effective communication.
Being able to clearly articulate your findings and recommendations to clients, team members, and other stakeholders is crucial.
Enhancing your communication skills ensures that your insights are understood and acted upon, ultimately contributing to the overall success of the projects you are involved in.
Remember that being able to explain complex financial concepts simply and concisely is a valuable skill that will set you apart in the field.
Lastly, you must stay current with industry trends and developments to excel in project economic and financial evaluation.
The economic and financial landscape is constantly evolving, so it's critical to continuously seek out opportunities for learning and growth.
Whether it's attending seminars, taking online courses, or reading industry publications, staying informed will ensure that you are well-equipped to tackle the challenges that come your way.
By staying proactive and curious, you can position yourself for long-term success in this dynamic and rewarding profession.
Enjoy this course!
Course description
This course will provide you with the basic knowledge to develop the economic analysis of capital projects. This module is designed to transfer knowledge: 1. Why Organizations Develop Projects; 2. Basics on Costs; 3. Elements of Cost Management in Projects; 4. Equivalence and Compound Interest; 5. Project Cash-flow; 6. Depreciation and Taxes; 7. Profitability analysis; 8. Inflation and Escalation; 9. Replacement Analysis; 10. Limits of Deterministic Evaluations.
You will get the main knowledge through the slides, and these are integrated by:
a Trainees Manual, in which you will get a document you can keep for your reference and perusal;
a set of exercises to better understand the various topics, including the solutions; you shall use a calculator or a calculation spreadsheet to develop these exercises.
Please consider that this course takes 4 full days when offered in presence at a classroom.
Who should attend
This training course is designed for engineers, project managers, managers, and other professionals involved in decision making for project investments. It is not a corporate finance training course, which typically covers broader financial topics such as investment banking, financial planning, and corporate valuation.
Table of Contents
Why Organizations develop Projects
Main drivers to decide an investment
Projects and operations: relationship, difference, and synergy
Basics on Cost
Definition of cost
Resources categorization
Role of cost in decision-making
Basic economic criteria for judging alternatives
Cost classifications
Sunk costs and opportunity cost
Cost accounting
Cost breakdown structure
Life cycle cost
Elements of Cost Management in Projects
Role of cost estimating in projects
Overview on cost estimating techniques
Overview on cost monitoring and controlling
Project cost management and company cost accounting
Lessons learned from projects
Equivalence and Compound Interest
Time value of money and equivalence
Compounding and discounting
Continuos interest and discounting
Nominal and effective interest rate
Compound interest summary
Uniform annual amount
Uniform gradient
Capitalized cost
Cost comparison with equal and unequal durations
Finding the best alternative
Mathematics of finance
Project Cash Flow
Project cash flow
Cash flow management
Company perspective
Stand-alone principle
Pro forma financial statement
Depreciation and Taxes
Depreciation and taxes
Cost comparison after taxes
Profitability Analysis
What is profitability
Payback period
Return on original investment (ROI)
Return on average investment (RAI)
Net present value (NPV)
Profitability index (PI)
Internal rate of return (IRR)
Project cash-flow revisited
Inadequacy of a single criterion
Minimum acceptable rate of return criterion (MARR)
Do-nothing alternative
Sensitivity analysis
Typical pitfalls in profitability analysis
Inflation and Escalation
Inflation and escalation
Cost comparison under inflation
Deflation and stagflation
Cash flow analysis under inflation
Replacement Analysis
Replacement: the real question
Defender and challenger analysis
Various scenarios and applicable formulas
Limits of Deterministic Evaluations
Typical limits of deterministic evaluations
Uncertainty and risk analysis
Techniques for total uncertainty.
A-002-P Advanced Project Economic and Financial Evaluation
This course is currently under development: please fill in the contact module if you would like to be kept up to date, once it is available.
A-003-P Equipment Replacement Economic Analysis
This course is currently under development: please fill in the contact module if you would like to be kept up to date, once it is available.
