rate of return and the discounted payback period
This course provides participants with a strong understanding of the financial analysis techniques used to evaluate long-term investment projects and assess their commercial viability. Participants will learn how to apply investment appraisal methods effectively in organisational decision-making, while also exploring approaches to managing project-related risk and capital constraints. The course further covers specialised areas such as the evaluation of international projects and the financial impact of changes in capital structure arising from investment decisions.
Everything you need to know
Those who currently have, or in the future will have, extensive involvement in capital budgeting and in project decision-making will find this course useful. The course will benefit anyone requiring a thorough understanding of when and how to use a specific investment appraisal technique to make the correct project decisions. It also provides business leaders and managers with a basis and context to understand and interpret project appraisal results made available to them for decision-making.
12 hours (this is run as 4 sessions of 3 hours each or as two full days of 6 hours)
- Capital investment decision-making processes
- Introduction to investment appraisal techniques
- The concept of relevant cash flows and discounting
- Use of net present value to evaluate project viability
- Other methods, such as the internal rate of return and the discounted payback period
- Incorporating risk into investment appraisal, including the use of sensitivity analysis
- Making the right allocation decisions when capital is in short supply
- Overview of project appraisal in a foreign currency
- Assessing projects when capital structure is affected using Adjusted Present Value
- The choice of an appropriate discount rate for investment appraisals


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Give your teams the ability to understand numbers, evaluate performance, and contribute to better financial decision-making. Our programmes are built to bridge knowledge gaps and strengthen financial awareness across functions.
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