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Project Appraisal and Risk Management

Project Appraisal and Risk Management

Project Appraisal and Risk Management

May 15 - June 10, 2022

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The four-week Project Appraisal and Risk Management training program teaches financial, economic, stakeholder, and risk analysis and risk management through real and applied case studies, lectures and group discussions.

The workshop takes you through a flexible appraisal framework designed to handle different types of projects, from  infrastructure investments and social programs to commercial enterprises and utilities. It also covers a wide range of issues such as environmental impacts, risk management and poverty reduction. Leading experts in specialized areas are also invited to address participants. Additionally, you will work with other participants to complete a project in your own sector of interest.

About the Program

The PARM program will cover the following topics

Financial, Economic, and Policy Analysis
  • Stages in development of feasibility studies and project cycles
  • Development of cash flow statements
  • Financial sustainability of projects
  • Impact of scale, timing, and length of life on project viability
  • Impact of inflation and exchange rates on financial viability and risks
  • Cost-effectiveness measures of social programs
  • Capital markets and financing projects
  • Cost of human resources, capital, public funds and foreign exchange
  • Economic valuation of goods and services
  • Economic valuation of human resources and environmental impacts
  • Basic needs valuation for social programs
  • Privatization, contracting and regulation issues
  • Integration of financial, economic and social appraisals
  • Public-private partnerships (PPPs)
  • Foreign direct investment, joint ventures and tax incentives
  • Poverty alleviation and poverty reduction potential of projects and programs
Risk Analysis and Management
  • Foundations of uncertainty and risk
  • Real options analysis
  • Project design, financial and organizational arrangements
  • Risk assessment, and management techniques (e.g., contracts and real options)
  • The roles of incentives, sanctions and risk sharing
  • Contracting arrangements
  • Public-private partnerships and pricing agreements in risk sharing

Tuition for the PARM program is $11,250

Tuition and fees cover:

  • Faculty instruction from Duke faculty and expert guest speakers from the World Bank, IMF, etc.
  • 3-Star Hotel accommodations with in-suite kitchenette and free breakfast
  • Transportation for all program-related activities
  • All course materials and resources
  • Use of a laptop computer
  • Emergency medical insurance
 

Tuition does not cover airfare, meals, or incidental expenses, as those vary from person to person. 

This program is open to individuals working professionally in public finance, economics, accounting, taxation, management, engineering or other related fields. It is for people who design, appraise, select, negotiate or finance projects, and for those who are interested in the financial, economic and social impacts of these projects.

Past participants have included employees of:

  • Government ministries and public enterprises
  • International development agencies
  • Individual and corporate investment firms
  • Private management, engineering, and business consulting firms
  • Regulatory institutions
  • Banks (private and public) and financial institutions
  • Investment analysis agencies
  • International aid agencies
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DATES

Application Deadline: April 15, 2022

Tuition Deadline: April 29, 2022

Arrive on Campus: May 14, 2022

Program: May 15 - June 10, 2022

LOCATION

All classes will be held at the Duke University Sanford School of Public Policy on Duke’s beautiful west campus, located in the vibrant city of Durham, North Carolina.

LEARN MORE

For questions, please contact the Executive Education staff at sanfordexeced@duke.edu

STAY CONNECTED

Interested in hearing more about similar courses on public financial management?

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About the Faculty

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Fernando R. Fernholz is Director of the Program on Project Appraisal and Risk Management (PARM) at DCID and is a Professor of the Practice at Duke University where he teaches Economic Development, Policies for Development and Public Finance Courses. He has been faculty of the PARM program since 1985. He has lectured on public debt, finance, balance of payments, macroeconomic issues in courses and workshops in various countries in different regions and agencies like the World Bank. He was a Development Associate working with the Public Finance Group of HIID and was resident advisor in different countries in Asia and Africa. He has done short-term advisory work in countries such as Russia, India, Panama, Bolivia, Ethiopia, Zambia, Uganda, Namibia, and Mozambique. He recently co-authored two studies: expansionary public investment impacts during the financial crisis in 2013 and the economic opportunity cost of capital (or the discount rate) for Mexico in 2014.This work was updated in 2017. Dr. Fernholz headed his own consulting, construction and data processing companies for many years in Bolivia. His education includes a Master of Civil Engineering from the RWTH Aachen in Germany, Master of Public Administration at the Kennedy School of Government and a Ph.D. in Economics from Boston University.

Throughout the program, Dr. Fernholz invites guest lectures from Duke University faculty representing different disciplines and perspectives, and senior practitioners in project appraisal and risk management from international organizations, financial institutions, and other prominent development institutions also instruct during this workshop.

Executive Education at Duke University

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Established in 1851 as Normal College and then Trinity College, Duke University is one of America’s leading universities, offering undergraduate, master’s, and doctoral degrees across 12 schools and institutes.

Duke University has a long track record of excellence in education. In 2021, Duke’s undergraduate program was ranked 9th in the United States and 22nd in the world by US New & World Report. Duke’s student population includes 16,000 undergraduate and graduate students from all around the world. With access to the latest pedagogy and technology, Duke university’s faculty are expert teachers, inspiring generations of new thinkers who are ready to take on the world’s greatest challenges.

In addition to its world-class education opportunities, Duke faculty conduct cutting-edge research in the fields of engineering, computer science, biology, economics, law, public policy, and many more. On an annual basis, Duke spends more than $1 billion on research activities, making it one of the ten largest research universities in the United States. For their work in advancing science and knowledge, Duke faculty have received numerous awards and recognitions.

Duke’s alumni include leading minds from government, the private sector, and the non-profit world. Notable alumni in the world of technology and business include Apple CEO Tim Cook, Etsy CEO Chad Dickerson, and Microsoft CFO Amy Hood.