The aim of this course is to introduce the participants to the issues of investment decision-making in the field of preparation and implementation of regional development projects and a detailed introduction to the issues of a standard feasibility study, including an introduction to the continuity of the issue with the SEA/EIA processes. The focus of the course will be on financial and economic evaluation of projects using standard cost-benefit analysis.
- Department of Regional Economics – Faculty of Economics and Administration
Teacher(s)
Syllabus
Project preparation:
- Project definition;
- management of project objectives, logical framework;
- Rule 3E;
Preparation of a feasibility study:
- Structure of the feasibility study according to the UNIDO methodology;
- technical parts of the feasibility study, market analysis;
- project impacts on the environment, link to EIA/SEA;
- project readiness for implementation, technical design, project schedule and link to legislation in the area of project preparation;
- project management;
Financial and economic analysis of the project:
- basic principles of CBA, calculation and interpretation of result indicators;
- specification of capital expenditures, construction of an operating cash flow plan, evaluation of the effectiveness of the project as an investment;
- identification of sources of financing, evaluation of the rate of return on capital employed;
- verification of the financial sustainability of the project;
- identification of socio-economic impacts of the project, quantification of intangible impacts and determination of shadow prices, socio-economic evaluation of the project;
- risk analysis and final evaluation of the project.
