A complete project or programme must take into account the view of a specific stakeholder as well as the broader impact on society. Such analysis must be informed by the measurement and calculation of flows in terms of costs and benefits or cost effectiveness. The relevance, effectiveness, efficiency, sustainability and impact of the project or programme are assessed with respect to the resources to be applied, the activities to be undertaken and the results
This training provides an excellent practical overview and insight into the decision criteria for which to select projects and programmes for financing and implementation. It introduces an analytical framework so that the participant can decide to accept (with or without conditions) whether to select or reject a particular project or programme. It also introduces a basis to guide the choice between variants, whether a project or programme generates benefits that can be valued in monetary terms, for which the approach adopts a cost-benefit analysis framework or not, for which the approach adopts a cost-effectiveness framework. It is important to assess the uncertainty and risks associated with projects or programmes.
By the end of this training programme, the participant should be able to:
- Have a clear understanding of the objective of Financial Analysis and Economic Analysis; – basic concepts and the language.
- Have the ability to assess projects and programmes as suitable for attracting aid financing based upon financial and economic analysis (FIRR, EIRR).
- Understand how to identify and do a stakeholder analysis;
- Understand how to undertake a “with project”, “without project” and “incremental” analysis;
- Obtain a good grasp of making realistic assumptions and recognising the risks and uncertainties associated with a project or programme;
- Performing a sensitivity analysis that covers the full range of uncertainty;
- Evolving risk mitigation strategies for the project or programme