Project Appraisals and Impact Evaluations Course

Course Date: 25th November – 06th December 2019 for 5 Days

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Organizer: Foscore Development Center


This course will provides you with the essential knowledge and skills to effectively appraise and analyse projects. It provides you with the latest tools and techniques to manage project risks and uncertainties to ensure profit margins and sustainability in uncertain times. It will in more advanced level cover econometric impact evaluation theory and empirical methods for measuring the impact of development programs (including randomization, difference-in-differences, regression discontinuity, and propensity score matching). It will combine theory and practice. The primary objectives of the course is to provide participants with the skills to understand the value and practice of impact evaluation within development economics, design and implement impact evaluations and act as critical consumers of impact evaluations.\


10 Days

Course Objective:

Undertake, Technical, Economic, Financial & Risk Analysis to select Projects to meet National and Organisational Objectives

Undertake Financial Analysis using Payback, NPV & IRR

Identifying & Measuring Risk & Uncertainties

Evaluate and Manage Risks using the latest tools & techniques

Manage Uncertainties using Decisions Trees, Programming Techniques – Gannt Charts, Network & Critical Path Analysis, Manpower Planning, Contingency Planning & Earned

Identifying if project is working or not, impact evaluation will assist accountability function. This course is aligned with results based management and monitoring.

Who should attend?

This course targets Project Management Officials from NGO’s, National Statistics Offices, Education Researchers, Government ministries, National Institutes and Planning Ministries, Central banks, and University Researchers among others

The Course Content

Module One: Project Appraisal & Analysis

The Investment Criteria & The Investment Planning Process

Identifying Technical, Logistical & Environmental Risks

Economic Risk Analysis

Market Risk Analysis

Selecting Projects to meet Organisational Objectives

Module Two: Financial Analysis

Estimating Income, Cashflows & Durations

Identifying Risks from the Projected Cashflow

Calculating the Cost of Finance – WACC, CAPM & Arbitrage Pricing

Capital Investment Appraisal Techniques - Payback; ARR, NPV, IRR etc.

Financial Appraisal using Spreadsheet Skills

Module Three: Project Risk & Uncertainties

Measuring Risk & Uncertainties

Project Constraints

Balancing Scope, Time, Quality & Cost

Evaluating the Risks & Uncertainties – Their Likelihood & Impact

Risk Response Planning & Reporting

Module Four: Risk Management

The Risk Management Process at various levels of an organization and throughout the Project Life Cycle

The Project Manager’s Roles and Responsibilities

Qualitative & Quantitative Risk Analysis

Financial Risk Management & Derivatives

Sensitivity Analysis & Monte Carlo Simulation Analysis

Module Five: Managing Uncertainties

Decisions Trees to Manage Uncertainties and make Strategic Decisions

Programming Techniques – Gannt Charts, Network & Critical Path Analysis

Manpower Planning and Resource Smoothing & Levelling

Project Contingency Planning

Earned Value Analysis – Controlling Cost & Schedule Variances

Module six: Cost benefit analysis

The effect on decision-making of more intangible benefits

Cost benefit analysis

Ensuring costs are genuine

Measuring intangible benefits

Environmental issues

Consideration of intangible benefits in the appraisal decision-making process

Module seven: Developing appropriate models

Developing models – examples of spreadsheet models and measures for many different situations

Modelling investment opportunities – summarising outcomes

Sensitivity analysis – identifying, quantifying and taking out risk

Module Eight: Developing an appraisal process

The process – managing risk from the outset

Using the process in risk management, negotiating and project management

Take out risk by thoroughly knowing your project – developing your own process

Module Nine: Introduction to impact evaluation

  • Introduction
  • Counterfactual
  • Purpose of impact evaluation
  • When to undertake impact evaluation


  • Establishing the program theory
  • Selecting the evaluation approach
  • Designing the baseline survey
  • Options when there is no baseline
  • Impact evaluation using secondary data
  • The role of qualitative information
  • Triangulation
  • Generalizations from specific impact evaluations


  • Terms of reference
  • Data sources
  • Time and cost

General Notes

  • All our courses can be Tailor-made to participants needs

  • The participant must be conversant with English

  • Presentations are well guided, practical exercise, web based tutorials and group work. Our facilitators are expert with more than 10years of experience.

  • Upon completion of training the participant will be issued with Foscore development center certificate (FDC-K)

  • Training will be done at Foscore development center (FDC-K) center in Nairobi Kenya. We also offer more than five participants training at requested location within Kenya, more than ten participant within east Africa and more than twenty participant all over the world.

  • Course duration is flexible and the contents can be modified to fit any number of days.

  • The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training. Participants will be responsible for their own travel expenses and arrangements, airport transfers, visa application dinners, health/accident insurance and other personal expenses.

  • Accommodation, pickup, freight booking and Visa processing arrangement, are done on request, at discounted prices.

  • One year free Consultation and Coaching provided after the course.

  • Register as a group of more than two and enjoy discount of (10% to 50%) plus free five hour adventure drive to the National game park.

  • Payment should be done two week before commence of the training, to FOSCORE DEVELOPMENT CENTER account, so as to enable us prepare better for you.

  • For any enquiry at: [email protected] or +254712260031

  • Website:

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