Project Appraisal & Selection


Project financial and economic analysis techniques and impact assessment are becoming increasingly important as methods for choosing projects where resources, are limited. Additionally, the use of recognised assessment techniques for project proposals has become mandatory as part of the selection and justification process for projects funded by international development partners and financial institutions. While financial and economic issues relating to resource allocation for projects, development programmes and policies are all important, policy makers and development banks and institutions are increasingly concerned with other issues – including the environmental, social, gender, health, poverty and welfare impacts of projects.

In light of these factors, this course has been designed around the core areas of project planning, investment appraisal, social cost-benefit analysis, project risk, distributional effects, and impact assessment. This course will cover both private and public sector investment and appraisal techniques and will give emphasis on development projects which are wholly or partially funded from the public sector.

pmiThe PM tools, techniques and methodologies are in line with International Standards as established by the Project Management Institute's (PMI)® Project Management Body of Knowledge (PMBOK Guide, Fourth Edition), and in accordance with Industry Best Practices.

As a PMI registered Education Provider (R.E.P.) The Arthur Lok Jack Graduate School of Business has agreed to abide by PMI® established quality assurance criteria.

The Arthur Lok Jack Graduate School of Business, designates this project management education activity for 21 Professional Development Units (PDU) and 2.1Continuing Educational Units (CEU).

PMI and REP are marks of Project Management Institute Inc.

Target Audience

This programme is designed for program and project professionals, project leaders, project engineers, cost engineers, and other senior project control and business services professionals who are responsible for or involved in evaluating projects and managing project cash flows.

Learning Objectives

On completion of this workshop, participants should be able to:

  • Demonstrate their understanding of the time value of money, including the use of basic tools of financial engineering such as Net Present Value, Internal Rate of Return, and Annual Worth calculations
  • Analyse and compare various alternative solutions over differing time horizons
  • Employ the appropriate tools and techniques to determine and continuously monitor project feasibility
  • Schedule, structure and manage cash flows on their projects - the single most important forecasting and control element leading to project success
  • Examine and prepare for potential future conditions that might jeopardise the chances of project success, thereby maximising the organisation's return on the capital invested in projects
  • Recognise the need to achieve the organisations overall strategic objectives rather than viewing projects in isolation

Programme Outline

Topics to be covered over the two days include:

Module 1: Introduction to Project Appraisal & Evaluation

Module 2: Social Cost-Benefit Analysis

Module 3: Risk & Uncertainty Analysis in Project Appraisal

Module 4: Environmental and Social Impact Assessment (ESIA)

Module 5: Impact Assessment

Facilitator: Joseph Ishmael Khan

Joseph Ishmael Khan is an Independent Project Management Consultant who is presently pursuing a Doctoral Degree in Management with the Australian School of Business, Adelaide, South Australia. He is Project Management Professional® (PMP®), Certified Project Consultant (CPC™) and Certified Planning Engineer™ (CPE™) who holds the Master of Business Management degree from the Henley Management College UK and a Bachelor's degree in Management.

He has also attained the Associate and Masters Certifications in Project Management from the Project Management College Florida, USA, the Diploma in Project Management from the Henley Management College UK, and the Mechanical Engineering Technician's Diploma from the San Fernando Technical Institute. Joseph is also a Fellow of the American Academy of Project Management (AAPM), a global member of the Project Management Institute of America (PMI) and a member of the American Evaluation Association.


Date View Event Calendar
Time 8:30 pm – 4:30 pm
Duration 3 Days
Cost TT $4,800.00 (inclusive of training materials, refreshments and Certificate of Participation) 
Please note that prices are subject to change without notice.
Venue Arthur Lok Jack Graduate School of Business
South Campus
Gopaul Lands


Tel: 645-6700
Fax: 662-1411


Tamara Edwards - ext. 157
Jamie Kendall - ext. 155



Certificates will only be issued to participants who have attained a minimum attendance rate of 75% for the duration of the course.

Course Cancellation/ Reschedule Policy

Arthur Lok Jack GSB (ALJGSB) reserves the right to cancel training at any time. If ALJGSB cancels the training due to unforeseen circumstances beyond the control of ALJGSB, you are entitled to a full refund of the course fee, or your course fee can be credited toward a future training, based upon availability (providing payments have been made before original advertised date).

ALJGSB reserves the right to reschedule training at any time. If ALJGSB reschedules training due to unforeseen circumstances beyond the control of ALJGSB, the training will take place at the next available time. Participants will be informed via phone and/or e-mails.



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