Overview
Introduction
This course introduces the principles of cost benefit analysis and provides a clear structure for conducting or evaluating a cost benefit analysis.
Cost-benefit analysis is a vital part of any large-scale project, allowing an assessment of the financial, social and economic impact caused. Most organisations commonly go through some sort of CBA through applications for regulatory approval or funding, but these processes often neglect more precise and realistic modelling techniques.
This training course provides the opportunity to learn everything you will need to carry out effective cost-benefit analyses, the risk and uncertainty involved, and how to handle the various different types of information available. The skills you will gain will allow the administration of more accurate and reflective cost-benefit analyses through improved methods and processes.
Learning Outcomes
Course Objectives
Upon completion of this program, participants will be able to:
• Learn the basics to implement a process for data analysis
• Know how to focus on the most critical information. Identify relevant information
• Categorise data for analysis
• Make difficult decisions involving qualitative data
• A formal understating of the key principles of cost-benefit analysis
• Methods for quantifying costs and benefits
• Select measurement(s) and measure all cost-benefit elements
• Forecast cost and benefits over a relevant time period
• Convert all costs and benefits into a common currency
• Apply a discount rate
• Calculate net present value of project net benefits
• Perform sensitivity analysis
• Evaluate alternatives and select the best value option based on costs and benefits
• Incorporate risk (uncertainty) in calculating costs and benefits
Who Must Attend
- Chief Risk Officers.
- Risk Managers.
- Managers and Directors responsible for the risk management function or process.
- Heads of Internal Audit.
- Heads of Assurance Functions.
- Entrepreneurs.
- Financial Analysts.
- Risk Analyst.
- Project Managers.
- Bankers.
- Accountants.
- Business Managers.
- Marketing Managers.
Course Details
Course Contents
Develop and Improve Analytical Skill
Analytical Skills and Data Analysis
- Identifying Core Analytical Skills.
- Exploring the Challenges of Collecting, Evaluating, and Presenting Information.
- Methods of Collecting Data and Analysing Impacts.
- Describing the Steps in the Analytical Process : Plan, Analyse, Conclude.
Develop Cost Benefit Framework
Cost-Benefit Analysis Fundamentals
- Cost-Benefit Analysis Defined.
- Critical Concepts for Cost-Benefit Analysis.
- Uses for Cost-Benefit Analysis.
- Cost Benefit Analysis Essentials.
Basic Issues in Cost-Benefit Analysis
- Defining the Baseline.
- Identifying Costs and Benefits.
- Challenges in Quantifying Costs and Benefits.
- Basic CBA Decision Criteria Measures.
- Conflicting Measures.
- The Need for More than One Measure.
- Distinguishing Negative Benefits from Costs.
- Cost Effectiveness Principle.
- Assumptions Making.
Costs
- Relevant and Non-relevant Costs.
- Opportunity Costs versus Outlays.
- Sunk Costs versus Future Costs.
- Fixed Versus Variable Costs.
- Direct versus Indirect Costs.
- Total Costs.
Benefits
- Guidance for Quantifying Benefits.
- Weighing and Scoring Benefits.
Time Value of Money
- Concept of the Time Value of Money.
- Simple Interest.
- Compound Interest.
- Future Value.
- Present Value.
Time-Based Decision Criteria Measures Used in Cost Benefit Analysis
- The Timing of Costs and Benefits and Cash FlowThe Payback Period.
- The Net Present Value.
- Calculating the Net Present Value.
- Discount Rate.
- Return on Investment (ROI) / Internal Rate of Return (IRR).
Risk & Sensitivity Analysis
- Uncertainty Versus Risk.
- Expected Value with Uncertainty.
- Sensitivity Analysis (from Baseline).
- Risk Matrix.
Communicate and Visualise the Data
- Using Data Visualisation to Create a Shared Understanding.
- Using Data Visualisation to Help Understand Information Faster.
- Data Visualisation Can Communicate Emotions.
Decision Making
- Steps in the decision making process – A methodical approach.
- Avoiding Common Mistakes / Traps.
Methodology
Interactive Lectures, Discussions and Case Studies.
Course Leader
SUCHITRA MAHENDRARAJ
Chartered Accountant (CA) of the Malaysian Institute of Accountants
Fellow of the Chartered Association of Certified Accountants (FCCA), UK, Associate of the Chartered Institute of Management Accountants (CGMA), UK
Certified trainer by Advanced Training (UK) Ltd
Certified HRD CORP trainer, Malaysia
Ms Suchitra Mahendraraj is professionally qualified accountant. She is a Finance consultant turned trainer. Working as a consultant in training for the past 16 years, she has contributed to the success of many projects and programmes.
She is a professionally qualified accountant. She is also a Fellow of the Chartered Association of Certified Accountants (FCCA), UK, an Associate of the Chartered Institute of Management Accountants (CGMA), UK, and Chartered Accountant (CA) of the Malaysian Institute of Accountants.
During her working career, she has been involved in areas such as business advisory, audit, human resources, finance and administration and training. She has wide and extensive knowledge in various industries.
Suchitra’s training style is refreshing and energetic, relaxing her audiences whilst inspiring them to take action. She is a lively, energetic & engaging facilitator who will compel you to think of your organisational and personal growth stirring creativity and motivation to act.
She approaches learning from an integrated perspective, dedicates herself to helping organisations manage the human side of change in ways that produce powerful, positive and sustainable results.
She has personally trained many organisations ranging from SMIs to large MNCs covering areas ranging from Finance and Finance related, Leadership, Professional Development and Teambuilding.
Testimonies
Investment
Normal fee |
Sign up 1 pax |
Pay before course starts |
MYR 2,990.00 per pax |
USD 890.00 per pax |
Early Bird |
Sign up 1 person |
Pay 14 days before course starts |
MYR 2,600.00 per pax |
USD 760.00 |
Group Fee |
Sign up 3 pax or more |
Pay 14 days before course starts |
MYR 2,500.00 per pax |
USD 730.00 per pax |
Certificate
Payment mode:
1. Online Payment by Credit card: You can opt to register and pay online with our latest payment integration system through our website.
2. Telegraphic Transfer- You can also opt to use GIRO or telegraphic transfer of payment via international banks.
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Tel:+603 8074 9056 | +603 8082 3707
Mobile: +6012 6869 628 | +6018 2175 123
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Website: www.iTrainingExpert.com