program on Investment Appraisal and Risk AnalysisNovember 8th to December 3rd, 2021 | jdintl.econ.queensu.caJohn Deutsch International | Department of Economics | piar@cri-world.com

Hosted in 2021 by Ghana Institute of Management and Public Administration (GIMPA)

The hands-on Investment Appraisal and Risk Analysis was a great experience to me which will be

very useful in my day to day work in public investment management in the newly established PIM Unit at the

National Treasury in Kenya. Ms. Mary Wangari Munyingi

Economic Policy AnalystThe National Treasury and Planning, Kenya

What a wonderful program. PIAR gave me insights that make me to focus more on how a project brings

values to all stakeholders. My approach in project appraisal will be more systematic. The lecturers were

passionate. They loved being with participants. Mr. Wargo Boubacar Zakari

Head of Niger InvestmentNiger Investissement Board, Niger

The level of rigor and participation was exceptional, a combination of theoretical teachings and practical application. I would recommend this course to anyone working in this field.

Ms. Ornissa Velayadum Policy Analyst: Infrastructure FinanceNational Treasury, South Africa

As a senior public servant and academician, I have been associated with Project Appraisal for most of my

professional life, but the four weeks I spent in the Investment Appraisal program at Queen’s University

raised my professional understanding to a whole new level. It maintains the right balance between state of the

art analytics and a practical hands-on approach. . Edgardo S. Mimica

University Professor and International Consultant in Public Investment Management (PIM)

Adolfo Ibáñez University, Santiago, Chile

Note:

With the recent surge of infections worldwide associated with the Delta variant of the COVID-19 virus, and the frequent changes in the restrictions imposed by the governments on travel, it has become a challenge for many people to travel to North Cyprus in August 2021 to attend PIAR. As a result, we have decided to postpone the program from November 8th to December 3rd, 2021 and relocate it to Ghana Institute of Management and Public Administration (GIMPA), Accra, Ghana.

Queen’s PIAR faculty team will be conducting the course. The curriculum and the method of training will be identical to that of the Regular and Training of Trainers Programs normally held at the campus of Queen's University.

The Certificate on Investment Appraisal and Risk Analysis will be issued upon successful completion of the program.

THE PROGRAMQueen’s University for the twenty-first year is offering its state-of-the-art program on Investment Appraisal and Risk Analysis (PIAR) for professionals working in private and public organizations. This 4-week program covers modern techniques of finance, financial modeling, applied economic analysis, risk analysis and risk management. With over 1,000 alumni from 50 countries, PIAR continues to be the leading program in its field. Queen’s University is among the top five leading universities in Canada, with an international reputation for academic excellence and research.

GoalsThe goals of the program are to develop the operational skills of participants so that they are able to:

• Plan and assess all aspects of investment projects

• Add value through the redesign of projects

• Prepare project financing agreements

• Design strategies to address stakeholder concerns

The program has been proven to be effective for the career development of individuals in a wide range of organizations, including:

• Publicandprivateenterprises

• Banksandinternationaldevelopment agencies, and financial institutions

• Governmentministriesandregulatory agencies

• Management,engineeringand business consulting firms

• Non-GovernmentOrganizations (NGOs)

Our website maintains a record of our distinguished alumni: jdintl.econ.queensu.ca

PARTICIPANTS Created for people who design, select, finance or manage projects

Upon successful completion of the program, participants will be awarded the professional certificate in Investment Appraisal and Risk Analysis.

COURSE OUTLINE

Financial Modeling• Projectenvironment• Stagesindevelopmentoffeasibilitystudies• Developmentofprojectcashflows• Differentperspectivesandproject

sustainability• Projectionofrealpricesthroughtime• Ensuringconsistencyamongnominalprices,

exchange rates, and interest rates• Evaluationofdebtservicecapacity• Usesandlimitationsofdifferentinvestment

criteria• Scaleandtimingdecisions• Privatizationandregulationissues

Risk Analysis and Project Finance• Assessingsourcesandnatureofproject

variability• Riskassessmenttechniques• MonteCarlosimulation• Quantificationofriskvariables• Projectfinancing• Public-PrivatePartnerships(PPPs)• Riskmanagement• Managementofcontingentliabilities• Evaluationofcontractsandprojectviability• PublicInvestmentManagement

Economic Analysis• Economicvaluationofmarketedandnon-

marketed goods and services• Economicopportunitycostofcapital• Economiccostofforeignexchange• Economiccostofhumanresources• Costeffectivenessanalysis• Economicanalysisofprojectsindiverse

sectors including electricity, education, transportation, health, agriculture, water, and telecommunication

Environmental Analysis• Economicvaluationofenvironmental

impacts• Integrationofenvironmentalanalysiswith

project appraisal

Stakeholder Impact Assessment• Identificationofstakeholders• Measurementofprojects’impactoneach

group of stakeholders• Socialanalysisofprojects:basicneeds

analysis

For more information, visit our website at jdintl.econ.queensu.ca Have a question? piar@cri-world.com

Ghana Institute of Management and Public Administration (GIMPA), Accra, Ghana

JDINTL and its PIAR faculty are looking forward to offering the 2021 PIAR at the executive training facilities of the Ghana Institute of Management and Public Administration (GIMPA), Accra, Ghana from November 8th to December 3rd, 2021. Over the past year, Ghana has experienced very low rates of COVID-19 infections and strict public health protocols are followed.

GIMPA was established in 1961 as a joint Ghana Government/United Nations Special Fund Project. Today, GIMPA has been transformed into a comprehensive tertiary institution offering programs in leadership, management, public and business administration, and technology, for both the public and private sectors.

GIMPA is suitably located in a secure, serene wooded environment on the outskirts of Accra. It provides a very welcoming environment for both clients and visitors. The Institute has an ultra-modern Executive Conference Centre well suited for training and conference facilities, well-furnished air-conditioned lecture rooms with modern teaching aids to facilitate teaching and learning.

Admissions, Costs, and Funding

Interested in becoming a trainer?Consider the Training of Trainers (ToT) stream, offered exclusively to professionals with experience in integrated project appraisal and modeling.

ToT curriculum covers

• Advancedlecturesonmodeling,presentation,andpedagogicalskills

• Intensiveappliedworkontheintegratedanalysisofrealinvestmentprojects

Development of local training capacity is the most cost effective approach for building successful and sustainable PPP and public investment programs.

For more information about the ToT stream and other programs offered by JDInt’l, please visit: jdintl.econ.queensu.ca

Costs and FundingThe cost for this 4-week program is US $13,000. This fee includes tuition, housing in individual suites, health insurance, course materials, computer facilities, software, modern gym membership, and all social events, but does not include airfare and other meal costs.

Sponsorship is normally provided by the participant’s employer or by other funding organizations. Candidates should approach their current employer or other funding organizations in advance in order to obtain financial support.

Admissions Policy The program is open to persons holding a university degree in economics, finance, management, accounting, banking, engineering, or related disciplines. In addition, prior work experience is taken into consideration.

How to ApplyApplications may be submitted electronically via our website: jdintl.econ.queensu.ca/training/online-application

jdintl.econ.queensu.ca piar@cri-world.com+90-533-872-7711

In 1985, he founded the Program on Investment Appraisal and Management at Harvard University, and was its Director from 1985 to 2000. Since 2000 he has been the Director of the JDINT’L Executive Programs at Queen’s University. Dr. Jenkins specializes in the fields of investment appraisal, and economic development. To date, he has served as a researcher or economic advisor to 26 governments and 11 international development institutions. He has an extensive publication record of 13 books, and over 200 professional studies and academic journal articles in these subject fields.

FACULTYThe faculty are distinguished practitioners and scholars in the field of investment appraisal, risk analysis and risk management. They include Glenn P. Jenkins (JDINTL Program Director and Professor of Economics), Mikhail Miklyaev (JDINTL Program Manager and PIAR Senior Lecturer), Hasan U. Altiok (PIAR Senior Lecturer and Associate Professor of Finance, Eastern Mediterranean University), Hatice Jenkins (PIAR Senior Lecturer and Professor of Development Finance, Eastern Mediterranean University), Baher El-Hifnawi (PIAR Senior Lecturer and Program Leader for Infrastructure and Sustainability Development, the World Bank Group).

Dr. Glenn P. JenkinsProfessor of Economics at Queen’s University Canada, Institute Fellow Emeritus of Harvard University and past President of the Society for Benefit Cost Analysis.

FACULTYCHAIR