FinanceXplained
Cat10.jpg


Project - Investment Appraisals / CAPEX
Upcoming dates in English

12 & 13 October 2020 - NH Collection Brussels Centre BE - Brussels (Price: 1460 Euro )
16 & 17 November 2020 - NH Luxembourg LU - Senningerberg (Price: 1460 Euro )
Ask us a question about this course or request In-Company information
PROGRAM OUTLINE for this 2 day course in English

Course Highlight

The successful implementation of any project lies on the effectiveness of the appraisal, the project plan and the management of it.

Whether you are a manager evaluating/deciding on projects or you are in charge of developing project plans, the course teaches you the crucial role which a project appraisal plays in financial decision making and brings you the tools and techniques on how to analyse and forecast the economic viability of your project.

The 2 days are dedicated to develop the skills to evaluate, calculate the viability and decide on new projects, by learning:

  • The rationale behind project appraisals.
  • Understand the capital expenditure decision-making process.
  • Learn the business case for capital expenditure investments.
  • Get to grips with project management principles.
  • Capital budgeting techniques and the capital expenditure framework.
  • Learn techniques such as the Net Present Value (NPV), the internal rate of return (IRR) and Payback methods for managerial decision making.
  • Explore the capital investment decision model and the soft side of project decisions.
  • Use sensitivity and scenario analysis to build and decide on alternatives.
  • Decide on the discount factor by calculating the firms cost of capital. 
  • Explore the complexity of international capital budgeting.
  • Evaluate methods of debt and/or equity financing and the impact on the capital structure.
  • Understand the importance of reviewing a capital expenditure investment after completion.

Recommended background

This course is designed for all responsible for setting up new projects or the need to evaluate and approve these projects. You could be working for the banking sector, healthcare, retail, construction companies, project contractors, facilities management companies, government and public service offices, public service utilities, commercial banks, project investment funds, project insurance companies, engineering consultants, environmental consultants or development agencies

What you will learn

You will be equipped with a comprehensive approach on how to evaluate or calculate project outcomes.  You will have mastered the latest industry techniques available and feel comfortable defending your project plans to your peers.

Course format

  • Besides the course materials provided on the day, all course resources are available online, including audio and video material from industry experts. 
  • Practice-based learning and critical engagement is a key theme through all our courses allowing delegates to acquire the needed skills and techniques to be applied as soon as they are learned and developed.

 

 

 

Course Video



Syllabus

Day 1:

 

  Introduction to project appraisals:

  • Exploring the use of project appraisals in corporate finance
  • Defining a project, setting the boundaries.
  • Project feasibility and risk, the business case for Capital expenditure
  • Estimating the cost, revenues and intangible revenues
  • Appraising the project and introduction to the techniques available

 

  The strategic investment process:

  • The strategic investment process and procedures
  • Project preparation and the formulation of the case to directors
  • Project authorisation and presentation of the business case
  • Project implementation and carrying out a post implementation audit.

 

  Return on investment:

  • Defining the project returns on an investment
  • Explore the meaning of the time preference rate
  • Evaluate the effects of Inflation 
  • Determine the risk premium for the risk taken
  • Learn about the notion of "present value"
  • What is the "future value"
  • Calculate the "Net Present Value"

 

  Investment appraisal techniques:

  • The Payback method (period)
  • The Accounting rate of return (ARR)
  • The internal rate of return (IRR)
  • The net present value (NPV)
  • The advantages and disadvantages of using each method

 

  Practicing the techniques and Group case work:

  • Case 1: Building infrastructure projects
  • Case 2: New product development
  • Case 3: Usage of real versus nominal
  • Case 4: Multiple project evaluation

 

Day 2:

 

  Issues in investment appraisals:

  • Time Periods
  • Cash flows or accounting flows
  • Inflation
  • Relevant cash flows
  • International capital budgeting
  • Real options

 

  The cost of capital and the hurdle rate:

  • The project cost of capital
  • The cost of equity finance
  • The cost of debt finance
  • The weighted average cost of capital (WACC)
  • The hurdle rate

 

  Cross border investment appraisals:

  • International project appraisals
  • A step by step approach to assessing projects from a home or host country perspective

 

  Cross border case study:

  • International capital budgeting and the challenges it involves

 

  Capital rationing and project finance:

  • The capital rationing problem
  • Competing projects

 

Projects and the capital structure:

  • The choices in financing
  • Financing through debt and equity
  • The optimal financing mix
  • The optimal capital structure

 

 

Price and Registration Dates


Early booking discount: A 10% discount is available if you register 2 month(s) before the course start date.
Belgium Subsidies: Flanders KMO-portefeuille: DV.O225876 and the Brussels Capital Region.
 

NH Collection Brussels Centre BE - Brussels :   12 & 13 October 2020
Boulevard Adolphe Max. 7, 1000 BE - Brussels, Belgium
Timing: From 09:00 till 17:00
Price: 1460 Euro  (Vat Exclusive)
Early booking discount: A 10% discount will be applied if you register before or on 13/08/2020

NH Luxembourg LU - Senningerberg :   16 & 17 November 2020
Route de Tréves 1, 2633 LU - Senningerberg, Luxembourg
Timing: From 09:00 till 17:00
Price: 1460 Euro  (Vat Exclusive)
Early booking discount: A 10% discount will be applied if you register before or on 17/09/2020





Course Lecturers

Kris De Clercq, MBA

Kris has lectured finance to managers for more than 17 years in Europe and Eastern Europe. His teaching as an associate for a UK based global business school included “Issues in International Finance and Investments”,” Corporate Finance” and “Issues in IFRS”. His industry experience is over 20 years working for asset managers, investment banks, global custodians in the UK, Luxembourg and Belgium. He received a universities award for innovation in finance teaching and learning.  


Maureen Whitehead-Lausman, MBA

19 years associate lecturer in Financial Strategy and Corporate Strategy for a triple accredited global business school. 20 years’ experience developing and delivering training programs for large and medium sized companies including in Germany, China, USA, Singapore, Ethiopia, South Africa, Russia and Romania. Corporate finance, value based management and finance for non-financial managers at middle and senior management level are a particular interest.  


Mag. Johannes Hofinger, MBA, FRM

Johannes Hofinger is specialized in Risk Management, Basel III, IFRS and regulatory reporting. His professional skills are reinforced by strong academic roots. He lectures for global business schools in corporate finance, managerial accounting and financial reporting. The main roles undertaken are lecturing, consulting and project management.  


Kris Blommaert, MBA

Kris Blommaert has over 20 years of international experience in both finance and general management for local and European based organisations and businesses. He has been an associate lecturer at a triple accredited global business school for 10 years at MBA level. He has lectured "Managing Performance and Change" and "Management Perspectives and Practice" in Belgium, Switzerland and France.  


Our International Experience

Participant feedback

A course with 10 participants is very good to favour the interactivity. Thanks for the perfect course content and lecture.

Very good course, teacher, and approach. Material available on-line prior the course + request to the participants about their expectations from the course.

A pleasant and knowledgeable instructor with a lot of interaction among participants.

An excellent course for people like myself.

Congratulations! Very well done. Nothing more to add.

I really appreciated the empathy and skills of the lecturer Bruno Bosch. Also, the size of the group (7 persons) was perfect to have the necessary interactivity throughout the course.

I strongly recommended this training to my colleagues as I found it very useful.

I think this was one of the best course I've ever attended. The trainer, Mrs Maureen, was extremely pedagogic and the structure of the course was very well planned with just the right mixture of theory versus practical examples and exercises.

It was a very enjoyable course. The group was small which made it easier to be 100% involved.  The exercises and case study were absolutely great and necessary to put the theory in practice. A very knowledgeable teacher.

It was nice to have a lecturer with profound knowledge on the topic so that the level of discussion could go further than the simple basics of valuation.

Lecturer had good understanding of the subject and good understanding of practical application.

Perfect for me. Exactly what I was looking for.

Thank you for the training, which was very clear and met my needs.

The course absolutely answered my expectations and needs.

The lecturer is a knowledgeable person with real market experience which is a plus.

The lecturer is excellent. She explained clear and control good interaction with students.

The training format and takeaways corresponds to what I expected. Thanks for the good preparation

Theoretical explanations good and with good interaction with audience.

There were lots of real life examples and relation to peoples own industries.

This was an excellent course and Kris made it very interesting and useful. He is highly knowledgeable, skilled and open to suggestions.

Thumbs up Maureen!

Very good and interesting training. One of the best I ever had.

 

Companies who attended our courses

 

 
AG Insurance
Allianz Benelux
Argenta NV
AXA Belgium
Baloise Insurance
Banca Monte Paschi Belgio S.A.
Bank De Groof
Banking Association (Kosovo)
Belfius Investment Partners
BNP Paribas Fortis
Bpost Bank
Buy Way
CBC Bank
Cegeka
Celio Finance SPRL
Credendo
Delen Private Bank
Delta Lloyd Life
Deutsche Bank AG
DKV Belgium
Ethias SA
Euler Hermes Services
Euroclear Bank SA/NV
Euroclear Investments
Europ Assistance
European Investment Bank - EIB (Luxembourg)
European Union - EDFIMC / ElectriFI
Flanders Investment & Trade
Gras Savoye Belgium
Incofin Investment Management
ING Bank België
KBC Bank
Mastercard
Ministry of European Integration (Kosovo)
National Bank of Belgium
NN Insurance Belgium
Petercam
Record Bank
Société Générale Private Banking
SWIFT
The Royal Bank of Scotland (RBS)
Triodos Bank
VGD International -Audit & Tax
Wolters Kluwer Financial Services
Zurich Insurance plc, Belgium branch
Vanbreda International
 
 
 
Afton Chemical SPRL
Air Liquide
Allnex Belgium SA/NV
ANL Plastics
Ansell
ARC EUROPE SA
Arcelor Mittal ( Belgium & Luxembourg)
Axalta Coating Systems 
BASF Antwerpen
BASF Belgium Coordination Center
Beaulieu International Group
Bekaert
Borealis Polymers NV
Bridgestone Europe SA
CNH Industrial Belgium NV
Cofely Fabricom
Cytec Belgium
DOMO Chemicals (Germany)
Donaldson
Dow Corning
Electrolux Appliances AB - EMA- EMEA (SEE)
Engineered Pressure Systems International
European Owens Corning Fiberglas
Fost Plus
GDF Suez
Griffith Foods
Hamon & Cie
Heraeus Electro-Nite International NV
Jacobs Belgium
KODAK SA/NV
Milliken Europe
Niko Group
NXP Semiconductors - Prodis  (Netherlands)
SOLVAY
SPX Cooling Technologies
Synventive Molding Solutions (Germany)
TERUMO EUROPE
Tessenderlo
Vinçotte International
VPK Packaging Group NV
WABCO
Yara Belgium NV
 
 
 
 
 
Antwerp World Diamond Centre
AVEVE Biochem NV
Carrefour Belgium
Delhaize Corporate Group
Godiva
IKEA 
 
Abbott Logistics B.V. (Netherlands)
AbbVie (Canada)
Agfa HealthCare NV
Alcon
Alcon-Couvreur
Amplifon
AZ Sint-Blasius
Baxter International (Austria)
Catalent Pharma Solutions
CinnaGen (Tehran)
Datwyler Pharma Packaging International
Groep OZ ESV
Hologic
Landelijke Christelijke mutualiteit (LCM)
Mutualités Libres: MLOZ
Novartis Pharma
SA Bristol- Myers Squibb Belgium NV
Stryker (Netherlands)
Terumo BCT Europe NV
UCB
Zorgbedrijf Antwerpen
 
 
 
AW Europe
Belgacom
Belgian Nuclear Research Centre (SCK-CEN)
CISCO
Corelio Printing
De Persgroep Publishing nv
EDF Luminus
Elia System Operator
Engie Electrabel NV/SA
Eni Gas & power
Fluxys Belgium
INFRABEL
Itineris NV
KEYRUS
M-Team
NRB
ORANGE
Proximus
Siemens
Telenet
 
 
Agentschap Innoveren en Ondernemen
Europees Parlement
Ministry of European Integration
National Agency for Protection of Personal Data
Nationale Loterij
SD Diensten NV (SD Worx)
SESAR Joint Undertaking
Stad Antwerpen
Stadsbestuur Harelbeke
Syntra Brussel
UGent - FBW
Vrije Universiteit Brussel (VUB)
 
 
 
Acturus sprl
ARC Europe
BDO 
BIA Africa
Bia Overseas
Brooser BE Operations 
Capgemini
Cipal Schaubroeck
Compass-Group
Computacenter
Computer Task Group
Deloitte Accountancy
Egemin International
Enhesa International
FIS (former Clear2Pay)
Interel Group
K&L Gates
Matexi NV
Minds&More
Pricewaterhouse Coopers
PwC Tax Consultants
Securex
Toreon
Vinçotte International sa
 
 
 
Alcopa
Alstom Belgium
ARC Europe 
Brussels Airport Company
De Lijn
D'Ieteren Auto
EUROCONTROL 
Gemeentelijk Havenbedrijf Antwerpen
Globachem nv
GSC Greensea Chartering 
HONDA Motor Logistics
JBT
Neovia Logistics
NMBS
PSA Antwerp nv
Retail & Wholesale
Seatrade Reefer Chartering
Thalys International
Trimble T&L
Volkswagen Group Services
Wallenius Wilhelmsen Logistics Zeebrugge NV
Westlandia
Witzenmann Benelux nv
 
 
 

Download the Brochure


Thank you for your interest in the course "Project - Investment Appraisals / CAPEX"
Please fill out the contact information below and click submit.
You will receive an email with the brochure attached.


 
Title:                  

First Name:  
 
Last Name:
 
Company:

E-mail: