Training Course on Economic and Technical Evaluation of Projects

Course Description

When an organization initiates a project, they have some economical and technical criteria attached to meet the strategic objective of the organization. Economic Evaluation is critical as when an organization makes any investment, it is done keeping in mind that maximum return in investment is received. Technical Evaluation makes sure that the project meets the requirement for which it is initiated.

This Training Course on Economic and Technical Evaluation of Projects offered by Phoenix Center for Policy, Research and Training will enhance your knowledge about Economical and Technical Evaluation related to projects. This course is designed to cover all the aspects of projects and project management beginning from initiation to close out of the project.

Course Objectives

Upon the successful completion of this Training Course on Economic and Technical Evaluation of Projects, participants will be able to:

• Understand the concepts of Economic and Technical Evaluation related to projects
• Understand the types of the project life cycle and the different processes involved in the project
• Acquire the knowledge areas associated with a project and their integration
• Calculate the project cost and manage it throughout the project life cycle
• Understand how the price is calculated for a project and how it is different from the cost of the projects
• Understand various types of Contracts and their impact on the cost
• Acquire knowledge in monitoring the actual cost of the project
• Understand the concept of Earned Value analysis
• Ensure that the project has a balance between the triple constraints and is completed in time and within budget
• Appreciate the role and stakeholders in the projects and meeting their requirement which is critical for the project success
• Understand the best approach to communication to be utilized by the project team
• Explore the diverse ways of identifying risks and analyzing them and managing the same

Training Methodology

The course is designed to be highly interactive, challenging and stimulating. It will be an instructor led training and will be delivered using a blended learning approach comprising of presentations, discussions, guided sessions of practical exercise, case study review, web-based tutorials, group work, exploration of relevant issues collaborative strength training, performance measurement, and workshops of participants’ displays, all of which adhere to the highest standards of training. The training technique is built on learning by doing, with lecturers using a learner-centered approach to engage participants and provide tasks that allow them to apply what they’ve learned. Experiential knowledge is also given equal importance within the format of training. Our facilitators are seasoned industry professionals with years of expertise in their chosen fields. All facilitation and course materials will be offered in English.

Who Should Attend?

This Training Course on Economic and Technical Evaluation of Projects would be suitable for, but not limited to:

• Senior Project Team members who want to learn about Project evaluation in detail

Course Content

Module 1 – Introduction to and Project & Project Life Cycle

• Introduction to Project
• Project Life cycle
• Difference between Operations and Projects
• Importance of Project in the Strategic objective of the organization

Module 2 – Cost and Cost Elements

• What does cost constitute?
• Cost categories
• Direct and Indirect Cost
• Fixed and Variable Cost
• Cost Accounting
• Cost Trending
• Life cycle costing

Module 3 – Pricing & Costing

• Tools for Pricing
• Pricing Strategy
• Return on investments
• Economic Cost

Module 4 – Cost Categories

• Material
• Labour
• Engineering Designs
• Tools, Machinery and Equipment

Module 5 – Economic Cost

• Types of Cost
• Changes in cost
• Taxes
• Depreciation and Depletion
• Economic Analysis Techniques

Module 6 – Cost Estimation

• Different methods of Cost estimation
• Estimation Accuracy
• Structuring the Estimate
• Managing and Controlling resources

Module 7 – Cost Calculation for a Project

• Preparing Budget
• Controlling Cost
• Earned Value Analysis

Module 8– Contracts

• Different types of Contracts
• Advantages and disadvantages of contracts

Module 9 – Economic Analysis

• Financial and Cash Flow Analysis
• Investment Decision Making

Requirements

• Participants should be reasonably proficient in English.
• Applicants must live up to Phoenix Center for Policy, Research and Training admission criteria.

NOTE

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
5. Approval of Course: Our Programs are NITA Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

How to Book: Simply send an email to the Training Officer on training@phoenixtrainingcenter.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254737566961

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Phoenix Center for Policy, Research and Training Limited should be paid in advance, 5 days to the training.
2. Invoice: We can send a bill directly to you or your company.
3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.
2. Participants may cancel attendance 14 days or more prior to the training commencement date.
3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location.

For further inquiries, please contact us on Tel: +254720272325 / +254737566961 or Email training@phoenixtrainingcenter.com  

Accommodation

Accommodation is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@phoenixtrainingcenter.com or on Tel: +254720272325 / +254737566961