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Project Management Skills #1 – Financial Appraisal with NPV

Business

Rating4.3
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Project Management Skills #1 – Financial Appraisal with NPV, available at $19.99, has an average rating of 4.26, with 15 lectures, 2 quizzes, based on 726 reviews, and has 5842 subscribers.

You will learn about Decide whether a project is financial viable by calculating Net Present Value. Evaluate the key assumptions that underly the calculation and hence business case. Challenge Return on Investment (ROI) and Internal Rate of Return (IRR) calculation. This course is ideal for individuals who are For those who are starting out on their Project Management journey and currently steer clear of financial matters. or For project managers who are not confident about how projects should be justified financially. or For business owners, without financial skills, who need to determine if a project is worth doing. or It is not for anyone who already knows how to calculate Net Present Value. It is particularly useful for For those who are starting out on their Project Management journey and currently steer clear of financial matters. or For project managers who are not confident about how projects should be justified financially. or For business owners, without financial skills, who need to determine if a project is worth doing. or It is not for anyone who already knows how to calculate Net Present Value.

Enroll now: Project Management Skills #1 – Financial Appraisal with NPV

Summary

Title: Project Management Skills #1 – Financial Appraisal with NPV

Price: $19.99

Average Rating: 4.26

Number of Lectures: 15

Number of Quizzes: 2

Number of Published Lectures: 15

Number of Published Quizzes: 2

Number of Curriculum Items: 17

Number of Published Curriculum Objects: 17

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

  • Decide whether a project is financial viable by calculating Net Present Value.
  • Evaluate the key assumptions that underly the calculation and hence business case.
  • Challenge Return on Investment (ROI) and Internal Rate of Return (IRR) calculation.

Who Should Attend

  • For those who are starting out on their Project Management journey and currently steer clear of financial matters.
  • For project managers who are not confident about how projects should be justified financially.
  • For business owners, without financial skills, who need to determine if a project is worth doing.
  • It is not for anyone who already knows how to calculate Net Present Value.

Target Audiences

  • For those who are starting out on their Project Management journey and currently steer clear of financial matters.
  • For project managers who are not confident about how projects should be justified financially.
  • For business owners, without financial skills, who need to determine if a project is worth doing.
  • It is not for anyone who already knows how to calculate Net Present Value.

If a project costs $1.2 million in year 1 and generates revenue of $400,000 in each subsequent year, how many years does it take to break even?

If you answered 5 years (including year 1) then you probably need to take this course because it’s likely that this project loses money over that five year period. 

The problem with break-even analysis and Return on Investment (ROI) calculation is that they usually ignore the fact that $1,000 in one year’s time is not equivalent to the same amount today, That’s because the money could be invested in a different way, brining interest rates into play.

The only sound way to determine whether a project is financially viable, is by calculating the project’s Net Present Value. This project will teach you:

  1. Why Future Value does not equate to Present Value.

  2. How to Calculate Present Value.

  3. How to calculate Net Present Value across a number of year.

  4. Why Return on Investment, Break-even and Internal Rate of Return can be misleading

  5. What other types non-monetary value you can consider.

If you already have a good grasp of Net Present Value, Discounted Cashflow or Time Value of Money then this course is not for you. If, however, any of the terms make your stomach feel queasy then this course is for you.

Net Present Value is one of this things that is obvious when you understand but baffling until that moment when the “penny drops”. This course aims to get that penny to drop for you.

Net Present Value is explained in 4 short, core videos (not including introductory and summary videos) using examples and exercises. Each exercise has a downloadable spreadsheet, containing the calculations to get the answers.

In addition, there are 2 additional optional videos, one covering Internal Rate of Return and Return on Investment, and another video on the treatment of inflation.

And there are a further two bonus videos, taken from my Lean Project Management course, that discuss non-financial types of value and the role of emotion in value.

Course Curriculum

Chapter 1: Core Course – Project Financial Appraisal Using Net Present Value (NPV)

Lecture 1: Introduction

Lecture 2: What's tomorrow's money worth today?

Lecture 3: Answers to quiz

Lecture 4: How to calculate Net Present Value for a project

Lecture 5: Using a spreadsheet to calculate project Net Present Value

Lecture 6: NPV Exercise 1 – calculate the Net Present Value for these cashflows

Lecture 7: NPV Exercise 2 – calculate the Net Present Value for these cashflows

Lecture 8: NPV Exercise 3 – calculate the Net Present Value for these cashflows

Lecture 9: What Interest Rate to use? … and other assumption

Lecture 10: Course summary

Chapter 2: Optional lectures

Lecture 1: Internal Rate of Return (IRR) and Return on Investment (ROI)

Lecture 2: How to deal with inflation

Chapter 3: Bonus material

Lecture 1: Alternative types of value – extract from Lean Project Management Course

Lecture 2: Alternative types of value and emotion – extract from Lean Project Management

Lecture 3: Part I of book Gardeners Not Mechanics: How to cultivate change at work

Instructors

  • Gary Lloyd
    Gary Lloyd
    Change leadership practitioner, author and speaker

Rating Distribution

  • 1 stars: 2 votes
  • 2 stars: 13 votes
  • 3 stars: 83 votes
  • 4 stars: 277 votes
  • 5 stars: 351 votes

Frequently Asked Questions


How long do I have access to the course materials?


You can view and review the lecture materials indefinitely, like an on-demand channel.


Can I take my courses with me wherever I go?


Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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