Before committing capital to any venture, every investor faces the same question: is this project actually worth it? This Arab British Fellowship Training Academy training course answers that question systematically, walking participants through the full set of techniques used to evaluate projects and the pitfalls specific to each one.

Investing funds means giving up consumption today for a larger return later, and the course treats that trade-off seriously — covering net present value, internal rate of return, and payback period, then layering in sensitivity analysis, breakeven analysis, and Monte Carlo simulation to stress-test the numbers. Special cases such as capital rationing and mutually exclusive projects get dedicated attention, since they change how the standard techniques should be applied.

Because no evaluation is complete without a view of what could go wrong, the programme closes with a structured look at project risk — where it comes from, how to analyse it, and how to build a management strategy around it.

Who Should Attend

• Project managers and executives.
• Investors, entrepreneurs, and capital providers.

By the End of the Course, Participants Will Be Able To

• Explain why feasibility studies matter and what stages they go through.
• Decide how to implement a project based on feasibility results and the investment-approval process.
• Rationalise cost, make full use of available production capacity, and sustain labour productivity in line with project objectives.
• Judge whether to establish a business or investment project based on available opportunities and preliminary/detailed feasibility studies.
• Prepare a marketing and technical feasibility study and use it to picture how the project should be set up.

Module 1: Why Projects Need Formal Evaluation

• Overview of project valuation and why it matters.
• Factors that influence how a project is valued.
• The basis for changes in financial status during the project's life.

Module 2: Core Valuation Techniques

• Overview of project assessment methods.
• Present value of cash flows and net present value.
• Internal rate of return, average rate of return, and payback period.
• Responsibility for, and treatment of, impairment.

Module 3: Special Evaluation Cases

• Regional evaluation considerations.
• Capital rationing and how it changes project selection.
• Evaluating mutually exclusive projects.

Module 4: From Investment Opportunity to Feasibility Study

• The investment concept and studying investment opportunities.
• Conducting an investment feasibility study.
• Technical feasibility study.
• Marketing feasibility study.

Module 5: Stress-Testing the Numbers

• Sensitivity analysis of evaluation results.
• Breakeven-point analysis.
• Monte Carlo analysis.
• Understanding project interactions, and related costs and side benefits.

Module 6: From Final Evaluation to Risk Management

• Final evaluation and the project implementation stage.
• The transactions stage and its characteristics.
• Introduction to project risk management and the sources of project risk.
• Project risk analysis, and the laws, principles, and standards that govern risk management.
• Building a risk management implementation strategy and plan.