1. Introduction to Investment Appraisal: This unit provides an overview of investment appraisal techniques, including their importance, key concepts, and the decision-making process involved.
2. Time Value of Money: Participants learn about the time value of money and its significance in investment appraisal. Topics covered include discounted cash flow (DCF) analysis, net present value (NPV), and internal rate of return (IRR).
3. Investment Appraisal Methods: This unit explores various investment appraisal methods, such as payback period, accounting rate of return (ARR), and profitability index (PI). Participants learn how to calculate and interpret these metrics.
4. Risk and Uncertainty in Investment Appraisal: This unit focuses on the assessment and management of risk and uncertainty in investment appraisal. Topics covered include sensitivity analysis, scenario analysis, and risk-adjusted discount rates.
5. Capital Budgeting Techniques: Participants explore capital budgeting techniques used to evaluate investment projects, such as the use of discounted cash flow models, risk analysis, and decision trees.
6. Real Options Analysis: This unit introduces the concept of real options analysis, which allows for flexibility in investment decisions by considering the value of future options and potential changes in project circumstances.
7. Case Studies and Practical Applications: Participants analyze real-world case studies to apply the investment appraisal techniques learned throughout the course. They gain hands-on experience in evaluating investment opportunities and making informed decisions.
8. Ethical Considerations in Investment Appraisal: This unit explores ethical considerations related to investment appraisal, including transparency, fairness, and the impact of investment decisions on stakeholders.
9. Reporting and Presentation of Investment Appraisal Results: Participants learn how to effectively communicate investment appraisal results to stakeholders through reports and presentations, including the use of visual aids and clear explanations.
10. Integration and Implementation: This final unit focuses on integrating investment appraisal techniques into the broader decision-making process within organizations. Participants explore strategies for effectively implementing investment appraisal practices in real-world scenarios.
The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.