Economic analysis plays a crucial role in evaluating project feasibility, ensuring resource efficiency, and optimizing decision-making in both public and private sectors. It provides a structured approach to assessing costs, benefits, risks, and economic impacts to guide strategic investments. This training program offers a comprehensive framework for conducting economic analysis, using cost-benefit techniques, and integrating social and environmental considerations into project evaluations.
Explore the principles of economic analysis in project evaluation.
Use cost benefit analysis techniques to assess project feasibility.
Evaluate risks and uncertainties affecting economic projections.
Integrate social and environmental considerations into project assessments.
Effectively report economic analysis findings to stakeholders.
Project Managers and Coordinators.
Financial Analysts and Economists.
Development and Strategic Planning Managers.
Policy Advisors and Decision-Makers.
Consultants in Economic and Financial Analysis.
Overview of economic analysis and its significance in project planning.
Differentiating financial and economic evaluation methods.
Key economic concepts including opportunity cost, discounting, and time value of money.
Frameworks for identifying direct, indirect, tangible, and intangible project costs and benefits.
Economic performance indicators used in project decision-making.
Framework for conducting cost-benefit analysis in project evaluations.
Methods for identifying, quantifying, and monetizing costs and benefits.
How to calculate net present value (NPV) and internal rate of return (IRR).
Key activities required for interpreting the benefit-cost ratio (BCR) in project selection.
Limitations and challenges in applying CBA to complex projects.
Importance of sensitivity analysis in project assessments.
How to idetify key variables and their impact on economic projections.
Senario analysis conduction methods, including best-case, worst-case, and base-case outcomes.
Quantitative methods for risk assessment in economic analysis.
Tools used for evaluating risk mitigation strategies to enhance project viability.
Frameworks for assessing social and environmental impacts in project evaluations.
Externalities and non-market effects in economic studies.
Techniques for valuing social and environmental benefits.
Cost effectiveness analysis techniques for social and infrastructure projects.
The process of measuring social return on investment (SROI) for sustainable initiatives.
Principles of structuring an effective economic analysis report.
The most effective tools and techniques for visualizing economic data to support decision-making.
Key activities for presenting findings to stakeholders in a clear and impactful manner.
Importance of addressing policy implications and recommendations based on analysis.
Strategies for integrating economic analysis into project approvals.
