Project Management Skills #1 - Financial Appraisal with NPV

💼 Master Financial Appraisal for Projects with Project Management Skills #1 - Financial Appraisal 📈

Course Headline: Unlock the Secrets of Financial Viability: Learn to Evaluate Your Projects with NPV!

Course Description:

Are you ready to make informed decisions about your projects from a financial perspective? 💰 If a project costs $1.2 million in year 1 and generates revenue of $400,000 annually thereafter, it might seem like a no-brainer that it will break even in 5 years. However, the reality is often different. This is because the value of money changes over time due to inflation, investment opportunities, and other financial factors. That's where Net Present Value (NPV) comes into play!

Why You Need This Course:

• Break-Even Analysis Pitfalls: Learn why simple break-even analysis and Return on Investment (ROI) can be misleading if you don't account for the time value of money.
• Understanding Present & Future Value: Discover the importance of differentiating between the value of money today versus the value of money in the future.
• Calculating NPV: Master how to calculate the Net Present Value of a project over multiple years to make sure it's financially viable.
• Avoiding Financial Missteps: Understand why ROI, Break-even, and Internal Rate of Return (IRR) can sometimes provide incorrect assessments of a project's profitability.
• Beyond Monetary Value: Explore other types of non-monetary value that are crucial to consider when evaluating projects.

Course Structure:

1. Core Videos (4 main videos, not including intro and summary):

   • A step-by-step guide to understanding NPV with practical examples and exercises.
   • Each exercise comes with a downloadable spreadsheet for hands-on practice.

2. Additional Optional Videos:

   • Deep dive into Internal Rate of Return (IRR) and ROI.
   • Insights on how inflation affects financial appraisals.

3. Bonus Content:

   • Two extra videos from the Lean Project Management course, discussing non-financial value and the role of emotion in value assessment.

What You'll Learn:

• Why Future Value is not Equivalent to Present Value: Understand the time decay of money and why it matters.
• How to Calculate Present Value: Learn the foundational calculation that underpins NPV.
• NPV Across Multiple Years: Discover the process to calculate NPV for complex multi-year projects.
• Critical Evaluation Techniques: Gain insights into why traditional financial measures like ROI and IRR can sometimes be misleading, and how to avoid these pitfalls.
• Comprehensive Understanding of NPV: Achieve clarity on NPV and its role in project decision-making.

Who This Course Is For: This course is designed for project managers, business analysts, finance professionals, entrepreneurs, and anyone involved in the planning or decision-making process of projects who wants to ensure their investment is sound. If you're feeling a bit queasy at the thought of NPV, Discounted Cashflow, or Time Value of Money, this course will provide the guidance and clarity you need.

Get ready to have that "aha" moment where Net Present Value becomes crystal clear. With this knowledge, you'll be equipped to make better financial decisions for your projects. Enroll now and take control of your project's financial future! 🚀