On-site

Investment Projects: Analyzing Costs, Benefits and Risks and Making Strategic Decisions

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Length
2 days
9 a.m. to 5 p.m.

    Contact us to find out upcoming dates executiveeducation@hec.ca

  • Downtown

  • Downtown

  • Migration de donnée

Rate
Regular price
$2,195
Sale price
$2,195
Regular price
Language

French

Contact an advisor
Nadia Uria-Fernandez
Nadia Uria-Fernandez
Program Manager
During this accounting seminar, you will learn key techniques and concepts related to the evaluation of cost-effectiveness and risk in investment projects. Analyzing a prospective investment requires a good grasp of several important notions, including time value of money, risk measurement, the impact of inflation, decision criteria and so forth. You must already have a high level of computer literacy and an in-depth knowledge of the sector in which you will be investing. This seminar will help you enhance your ability to develop financial forecast assumptions and exercise critical judgment in finding effective solutions.

GOALS

  • Become acquainted with present value techniques.
  • Master cost-effectiveness and risk analysis methods for investment projects.
  • Learn how to evaluate various criteria in order to make decisions and track the corresponding costs.

IS THIS FOR YOU?

This program is for you if:

  • You play a direct or indirect role in your organization’s investment decisions and initiatives.

SPECIAL FEATURES

  • Concrete, value-added tools to measure financial risks and issues as they pertain to investment projects.
  • Opportunity to be more strategic in the decision-making process.

Introduction to the principles of present value

  • Definition and assumptions
  • Simple examples to illustrate present value techniques

Investment management analysis

  • Identify problems for analysis and relevant cash flows
  • Explain present value formulas to be used in the analysis

Profitability criteria and limitations

  • Analysis of net present value (NPV), internal rate of return (IRR), modified internal rate of return (MIRR), profitability index, payback time, accounting rate of return and potential conflicts between various criteria

How investment and financial decisions intertwine in the project analysis process

  • Cost of capital: Calculation method and underlying assumptions
  • Cash flow to shareholders
  • Net present value of shareholders’ equity

Investment management risk

  • Sensitivity analysis
  • Scenario analysis
  • Risk analysis using Monte Carlo simulation

Analysis of specific investment management factors

Depending on participants’ individual needs, several themes can also be addressed: equivalent annual coast approach for replacing an existing asset, accounting for inflation, leases, corporate restructuring, business valuation).

TRAINING APPROACH

  • Computer use.
  • Excel sheets illustrating methods and concepts will be provided.
  • Exercises.
Julien Le Maux

PhD, MSc (Finance), CFE, C.Adm.

Professor, HEC Montréal

On-site

Investment Projects: Analyzing Costs, Benefits and Risks and Making Strategic Decisions

During this accounting seminar, you will learn key techniques and concepts related to the evaluation of cost-effectiveness and risk in investment projects. Analyzing a prospective investment requires a good grasp of several important notions, including time value of money, risk measurement, the impact of inflation, decision criteria and so forth. You must already have a high level of computer literacy and an in-depth knowledge of the sector in which you will be investing. This seminar will help you enhance your ability to develop financial forecast assumptions and exercise critical judgment in finding effective solutions.
Presentation Program Instructors

GOALS

  • Become acquainted with present value techniques.
  • Master cost-effectiveness and risk analysis methods for investment projects.
  • Learn how to evaluate various criteria in order to make decisions and track the corresponding costs.

IS THIS FOR YOU?

This program is for you if:

  • You play a direct or indirect role in your organization’s investment decisions and initiatives.

SPECIAL FEATURES

  • Concrete, value-added tools to measure financial risks and issues as they pertain to investment projects.
  • Opportunity to be more strategic in the decision-making process.

Introduction to the principles of present value

  • Definition and assumptions
  • Simple examples to illustrate present value techniques

Investment management analysis

  • Identify problems for analysis and relevant cash flows
  • Explain present value formulas to be used in the analysis

Profitability criteria and limitations

  • Analysis of net present value (NPV), internal rate of return (IRR), modified internal rate of return (MIRR), profitability index, payback time, accounting rate of return and potential conflicts between various criteria

How investment and financial decisions intertwine in the project analysis process

  • Cost of capital: Calculation method and underlying assumptions
  • Cash flow to shareholders
  • Net present value of shareholders’ equity

Investment management risk

  • Sensitivity analysis
  • Scenario analysis
  • Risk analysis using Monte Carlo simulation

Analysis of specific investment management factors

Depending on participants’ individual needs, several themes can also be addressed: equivalent annual coast approach for replacing an existing asset, accounting for inflation, leases, corporate restructuring, business valuation).

TRAINING APPROACH

  • Computer use.
  • Excel sheets illustrating methods and concepts will be provided.
  • Exercises.
Julien Le Maux

PhD, MSc (Finance), CFE, C.Adm.

Professor, HEC Montréal

TESTIMONIAL(S)

"This course was a great refresher on investments and risk analysis. The tools are invaluable in a business context."

- David Gagnon, Technology Advisor, Bell Canada

“The training is very comprehensive, general enough to make us think outside our specific fields while applying very well to our particular concerns and interests."

- Jean-Philippe Normandeau, Chief Operating Officer, Icendo

"Excellent program, thorough and conducive to the concrete application of newly acquired skills."

- Bernard Harvey, Vice-President, Finance, Gestion Bernard Harvey

"The course is very relevant to situations encountered in the actual workplace. It has given me a real leg up."

- Daniel Massicotte, Director, Finance and Administration, Groupe Robin
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