Project Appraisal Consultants will conduct two training programmes on “Project Appraisal, Risk Analysis and Risk Management" from 10th to 13th October 2017 and “Quantitative Techniques for Policy Analysis, Investment Appraisal and Decision Making” from 12th to 15th February 2018 at India International Centre, New Delhi-110003.

Project Appraisal

Why?

Project appraisal is a structured, systematic and a comprehensive process to assess the financial, economic, social, environmental and technical viability of a project. Comprehensive and integrated project appraisal consists of financial appraisal, economic appraisal, sustainability analysis, distributive and social analysis, sensitivity analysis, scenario analysis, risk analysis, risk assessment and risk management.
The quality of the project appraisal is the main determinant of success of a project. As per the experience of the World Bank, poorly appraised projects have seven times more probability of failure within three years of their implementation as compared to well appraised projects. Adoption of sound project appraisal methodologies expedite financial closure and hence investments in projects.

Risk Analysis

Risk analysis is a process of quantitatively or qualitatively assessing risk. Risk analysis comprises of sensitivity analysis, scenario analysis and Monte Carlo Simulation. Quantitative risk analysis by Monte Carlo Simulations is a technique in which a mathematical model is subjected to repeated simulation during which the values of key variables are randomly selected from the multi-value probability distributions which define their respective ranges. Monte Carlo simulation makes the project appraisal dynamic by making possible the building of random scenarios.

The risk analysis helps the decision-makers in understanding the exogenous and endogenous risks associated with projects and the opportunities as well as the constraints they face while evaluating options for risk management. During risk analysis, the risks are identified and quantified by putting prices on each risk so as help the decision makers decide whether these risks are worth taking or not. Risk analysis must be done in marginal projects as this fine tunes decision making in such projects.

Risk Management

All stakeholders in projects are interested in risk management and want to understand how to quantify the tradeoffs of risks against the potential returns. Aim of risk management is to achieve the maximum reduction in risk for a given amount of investment in terms of time, money, people etc. Risk management options which result in high ratio [of reduction in risk to the investment required to achieve the reduction in risk] are preferred.


 

Upcoming Training Programs

Materials for October 2017 Programmes :

Materials for February 2018 Programmes :

Past Training Programs

Eight training programme on “Project Appraisal, Risk Analysis and Risk Management” have been conducted from 10th to 14th February 2014, 03rd to 07th March 2014, 03rd to 05th December 2014, 02nd to 05th February 2015, 2nd to 5th October 2015 and 1st to 4th February 2016, 17th to 20th October 2016 and 01st to 04th February 2017 at India International Centre, New Delhi

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