EN131 - Finance for Engineer-Ryan

Finance for Engineers
by trueventus
Understand the financial concepts to appraise a project effectively.
25-26 June 2015 | Ho Chi Minh City, Vietnam
INDUSTRY OVERVIEW LINK TO PROGRAM:
Whatever area your expertise, engineers are an important part in the project and product
life cycle and have an invaluable role in delivering commercial success. Knowledge of
financial concepts becomes increasingly a requirement in the skill set of engineers in order
to demonstrate confidently that technical solutions do not only solve a problem, but can
solve the problem at reasonable and feasible cost in a competitive environment.
Engineering comes to life with projects that are implemented. A considerable amount of
projects, however, suffer from commercial insufficiencies and may therefore not perform as
expected. The development of sound feasibility assessments is crucial to ensure that all
costs of the project are captured in the correct way and that revenues can generate the
required levels of margins.
Engineers must therefore understand the financial concepts to appraise a project correctly
and to include concepts such as market and industry risk rates, the time value of money and
the role of accounting concepts in modelling a project life financially.
WHY YOU CANNOT MISS THIS EVENT
In just two days you will expand your knowledge of financial appraisal of projects and the
development of financial models that will excel your work and career.
The course is highly interactive and based on a theory-application-discussion model of
learning, supported by the use of case studies, practical exercises and group discussions
which will allow you to further develop your knowledge in this crucial area.
TESTIMONIALS
“Umur has a unique skill set to provide financial models
for project appraisals that are of immediate relevance for
engineers.”
- Dr. Wolfgang Pfaff-Simoneit, Technical Specialist
at KfW, Frankfurt
“Umur was extremely helpful in making complex
technical and financial concepts understandable and
applicable straight away. He provided template MS
Excel worksheets that were of particular value for our
organisation.”
- Patrick Winkel, CEO of STE, Tunis
“Umur provided a very powerful training combing
technical expertise with project finance modelling.”
- Jason Grandcourt, Waste Manager at Mackay
Regional Council
“Delegates of the Local Government Finance Summit
2013 were impressed with presentation content and
delivery.”
- Glen Beckett, General Manager of Local Government
Association of Queensland
This hands-on course focuses on the transfer of skills required to evaluate the financial
metrics of projects. You will take away templates in MS Excel as a powerful tool set to apply
for your projects.
PRE COURSE QUESTIONNAIRE
In order to clarify your learning objectives and ensure you get the most out of this training,
you will need to complete a Pre-Course Questionnaire stating your knowledge of the
subject, level of experience and other relevant issues. The course leader will analyse your
form to ensure that the course covers your needs accordingly.
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Register Now
T: +603 2775 0067
F: +603 2775 0055
E: [email protected]
Finance for Engineers
by trueventus
Understand the financial concepts to appraise a project effectively.
WHO SHOULD ATTEND?
The course is designed for engineers and professionals who are responsible for project evaluation and capex planning, including:
• Engineers, technical managers and directors;
• Team leaders, project and product managers; and
• Infrastructure and operating managers.
Prior working knowledge of the topics is not assumed. If you have some
existing knowledge in financial project appraisal you can use the course to
refresh and extend knowledge.
From what industries
This program will equally appeal to the private, public and non- profit
sectors such as:
• Government
• Engineering services
• Construction
• Environmental industries
• Manufacturing
• Development and Infrastructure
KEY BENEFITS OF ATTENDING:
UNDERSTAND project appraisal rules and optimise your project design’s
financial outcomes.
APPRECIATE the relevant factors that drive a project’s commercial
success.
RELATE to the different concepts and methodologies of financial
evaluation.
TRANSFORM to a more desirable engineer.
GAIN the skills to advance in management – project appraisal skills are
essential for career progress.
PROGRAMME SCHEDULE
0830
0900
1030
1300
1400
1530
1730
Registration and coffee
Morning session begins
Morning networking break
Networking luncheon
Afternoon session begins
Afternoon networking break
Course concludes
ABOUT YOUR COURSE LEADER
Umur is currently working in a dual function as
civil engineering and financial advisor. He started
his career as a research assistant at the Technical
University of Darmstadt, Germany. There he
conducted research and delivered lectures,
seminars and tutorials in the field of municipal
infrastructure planning. Umur specialised in the
areas of waste management and financial option
analysis to deliver infrastructure. After his research
period and some years with his own consultancy,
he headed off overseas and worked for several
international donor organisations such as the
German KfW and the WorldBank. In 19 countries - one of them Papua New
Guinea - he provided feasibility studies, implementation and management
advise, financial appraisals and numerous training sessions.
Having international experience in civil engineering and financial appraisal of
infrastructure projects Umur is an acknowledged expert in the area of project
evaluation and appraisal. In his role at QTC, he provides advice to all Local
Governments, State owned enterprises and State departments on municipal
infrastructure finance. He proved invaluable during the implementation of the
Australian Carbon Tax Regime in 2012. His technical knowledge combined
with his financial modelling skills gave his clients great confidence to respond
correctly to the Carbon tax. He is currently assisting his clients in feasibility
assessments and the identification of optimised financial arrangements of
municipal infrastructure projects.
He presents courses to organisations such as the Local Government
Association of Queensland, the Local Government Manager's Association
Australia and the Local Government Finance Professionals Australia.
He is very versatile and experienced to combine in a unique way the areas of
civil engineering, finance and management so that his training is focussed on
application and outcomes while presenting the necessary theoretical
background.
Author of:
• Quarterly Carbon Tax updates for Queensland Local Governments (since
2011)
• Waste management business plan for municipalities - study material
(2012)
• Gate fee modelling for landfills - study material (2012)
• ODA donor bank's project appraisal - study material (last update 2010)
• Waste management planning and optimisation (2005)
• Privatisation of infrastructure (2001)
• United Nations' aid to developing countries by public-private partnerships in
municipal solid waste management (2001)
• Economic relevance of the financial development aid for German waste
management firm's (2001)
• Financial appraisal of waste planning - study material (2000)
• Distinction between material and thermal recycling with the criterion
environmental soundness (1999)
• Infrastructure planning - study material (1998)
• Legal waste classification definitions and consequences on the disposal
paths (1998)
• Temperature gradients in landfills with MBT treated waste (1996)
Thermodynamic formulas (1995)
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Register Now
T: +603 2775 0067
F: +603 2775 0055
E: [email protected]
DAY 1
DAY 2
Session 1:
Session 7:
Accounting and Financial Statement Analysis
• Purpose of accounting and accounting equation
• Accounting standards
• Asset valuation
• Depreciation concepts
• Profit and Loss (P&L) or income statement
• Balance sheet
• Cash Flow Statement
• Financial performance analysis with ratios
Session 2 :
The time value of money I
• Present and future value
• Constructing a cash timeline
• The Net Present Value (NPV) concept
• Annuity and Perpetuity
Session 3:
The time value of money II
• Using MS Excel for financial calculations
Session 4:
Interest Rates for Project Evaluation I
• Relevance of time periods
• The relevance of inflation (real vs. nominal)
• Financial risk and return – debt markets and bank loans
• Financial risk and return – equity markets
Example Project Introduction - Landfill II
• Dealing with uncertainties and risks
• Risk mitigation plan and hedging
• Incorporate insurances
• Build up contingencies
Session 8:
Project Financial Forecasting Models I
• Pro-Forma financial statements
• Calculating incremental earnings
• Changes in Net Working Capital (NWC)
• Sunk cost, Overhead and R&D expenses
Session 9:
Project Financial Forecasting Models II
• Forecasting the example project’s free cash flows in MS Excel
Session 10:
Evaluating Projects I
• Scenarios analysis, sensitivity analysis and break-even analysis
• The NPV decision rule
Session 11:
Evaluating Projects II
• Compare projects with different lifetimes
• Profitability indexing
• Why to avoid Internal Rate of Return (IRR) and payback period
rules
Session 5:
Interest Rates for Project Evaluation II
• The Capital Asset Pricing Model (CAPM)
• Cost of capital and industries
• A firm’s Weighted Average Cost of Capital (WACC)
• An industries’ WACC
Session 6:
Example Project Introduction - Landfill I
• From engineering to cost
• Build up a capex plan
• Build up an operation and maintenance cost plan
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Finance for Engineers
by trueventus
Understand the financial concepts to appraise a project effectively.
25-26 June 2015 | Ho Chi Minh City, Vietnam
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T: +603 2775 0067
F: +603 2775 0055
E: [email protected]
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1. The course fee is inclusive of the event proceedings,
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□ Ho Chi Minh City, Vietnam
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EN131
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