Analysis of project viability 2600-MSMdz2zitAOP
1. The essence of project, development projects and investments implemented in the corporate finance and project finance formula
• typology of investment projects
• investment decisions in company strategies
• project finance, corporate finance and public-legal partnership as forms of implementation of development projects.
2. Capital budgeting of business ventures and development projects
• planning business ventures and investments in the corporate finance and project finance formula
• models for assessing the effectiveness of business ventures and development projects
• analysis of the assumptions of the financial model
• financial controlling of investment projects
3. Analysis and evaluation of business ventures and development projects
• cash flow valuation for business ventures and development projects from the perspective of various stakeholder groups
• assessment of the economic useful life of the project
• estimating the discount rate appropriate to the project
4. Methods of assessing the profitability of projects
• static and dynamic methods in assessing the profitability of undertakings and development projects
• selection of projects with different value of outlays and with different periods of economic usefulness
• specifics of the evaluation methods of development projects implemented in the project finance formula
• evaluation of non-profit investments
• option approach in the assessment of projects, flexibility evaluation
5. Analysis of project risk factors, consequences for the efficiency calculation
• identification of project risk factors
• adjustment of profitability account parameters due to risk
• sensitivity analysis in assessing the profitability of projects
• scenario and simulation analysis (Monte Carlo analysis)
• project risk management
Type of course
Mode
Assessment criteria
• Team project works (40%),
• Final test (60%).
Bibliography
Literatura podstawowa:
• Cieślik R., Postuła M. (eds.) Projekty inwestycyjne. Finansowanie, budżetowanie, ocena efektywności, Difin, Warszawa 2016.
Literatura uzupełniająca:
• Rogowski W. Rachunek efektywności inwestycji, GAB, Warszawa 2018.
• Bodmer E. Corporate and Project Finance Modeling. Theory and Practice. Wiley, Hoboken 2015.
• Wybrane artykuły z: „Journal of Applied Corporate Finance”, “McKinsey on Finance”.
Additional information
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