Project Appraisal, Advanced Cash Flow & Working Capital Management - Virtual Learning
Course Methodology
This training course is delivered through a highly participative, workshop-driven learning model grounded in adult learning principles and competency-based development. Formal instruction is integrated with live Excel modelling sessions, real-world case studies, interactive worked examples, and structured peer learning activities. Each concept is reinforced through practical exercises drawn from authentic business environments, ensuring participants develop not only theoretical understanding but also the hands-on financial modelling and decision-making skills required in their professional roles. The training course builds progressively across ten days — from financing fundamentals and investment appraisal through to advanced cash flow forecasting and risk-integrated capital budgeting.
Course Objectives
By the end of this Project Appraisal, Advanced Cash Flow & Working Capital Management training course, participants will be able to:
- Evaluate equity, debt, and hybrid financing options and apply WACC and CAPM to inform project and corporate investment decisions
- Select and apply the most appropriate investment appraisal techniques — including NPV, IRR, MIRR, and Payback — across different economic sectors and project types
- Construct, manage, and interpret cash flow statements and forecasts using structured Excel-based financial modelling tools
- Diagnose working capital inefficiencies and implement practical optimisation strategies across inventories, receivables, and cash management
- Integrate financial, economic, and social appraisals into a unified framework for high-quality, defensible capital investment decisions
- Apply risk management techniques — including sensitivity analysis, scenario planning, and simulation — to stress-test financial decisions and forecasts
Target Audience
This training course is designed for professionals who carry responsibility for — or play a direct role in — financial analysis, project appraisal, investment decision-making, or cash flow and working capital management. It delivers equal value to finance professionals deepening their technical expertise and project professionals seeking to strengthen their financial and commercial competency.
This Gulf Rowad Project Appraisal, Advanced Cash Flow & Working Capital Management training course is suitable for a wide range of professionals but will greatly benefit:
- Project managers and programme directors responsible for financial appraisal, capital planning, and project funding decisions
- Finance managers, financial analysts, and management accountants involved in budgeting, forecasting, and performance reporting
- Treasury, receivables, payables, and working capital professionals managing liquidity and cash cycle optimisation
- Supply chain, procurement, and commercial managers whose decisions directly impact working capital and cash flow performance
- Strategy, planning, and risk professionals integrating financial appraisal into portfolio investment and organisational decision-making
- Government officials, consultants, and advisors responsible for capital programmes, infrastructure investment appraisal, and fiscal policy
Target Competencies
Organisational Impact
Organisations that invest in this Project Appraisal, Advanced Cash Flow & Working Capital Management training course will gain:
- More rigorous and defensible investment appraisal processes aligned with internationally recognised financial management and governance standards
- Improved cash flow visibility, working capital efficiency, and liquidity management across business units and project portfolios
- Stronger cross-functional alignment between finance, project management, supply chain, and strategic planning teams
- Reduced financial risk exposure through better-structured sensitivity testing, scenario analysis, and capital budgeting controls
- A workforce equipped to make more informed, evidence-based financial and investment decisions at every organisational level
- Measurable improvements in the quality of financial reporting, forecasting, and capital allocation recommendations presented to boards and senior leadership
Personal Impact
On completion of this Project Appraisal, Advanced Cash Flow & Working Capital Management training course, participants will have developed:
- Practical proficiency in Excel-based financial modelling for investment appraisal, cash flow management, and working capital optimisation
- The analytical confidence to evaluate, challenge, and present capital investment decisions in commercial, regulatory, and governance settings
- A structured framework for integrating financial, economic, and social factors into strategic project and investment decisions
- Advanced working capital management capabilities that drive measurable improvements in business liquidity and operational cash performance
- Enhanced professional credibility with project sponsors, finance directors, auditors, and senior organisational stakeholders
- A strong peer network of finance and project management professionals drawn from diverse industries and geographies
Course Outline
Source of Finance
- Potential Funding Sources
- Financing Options:
- Long Term Source of Finance
- Short Term Source of Finance
- Evaluation of the Types of Finance
- Equity Finance
- Debt Finance
- Hybrid Finance
- The Cost of Weighted Average Cost of Capital (WACC)
- Capital Asset Pricing Model (CAPM)
- Measures of Risks
Investment Decisions
- The Most Appropriate Valuation Techniques for Different Economic Sectors
- Applying Time-adjusted Measures
- Social Cost-benefit Analysis in Project Appraisal
- Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Method
- Decision-making using NPV
- Modified Internal Rate of Return (MIRR)
- Integration of Financial, Economic and Social Appraisals to Investment Decisions
- Impact of Inflation on Financial Viability and Risks
- Foreign Exchange Risks
- Financial and Economic Analysis for Selecting a High-quality Project
- Sensitivity Analysis, Scenario Analysis and Simulation
Managing, Controlling and Modelling Cash flow
- Development of the Cash Flow Statement
- Cash vs. Profit
- The Cash Conversion Cycle
- Calculating and Managing the Cash Flow Cycle
- Cash Flow Ratios
- Working Capital Ratios
- The Cost of Maintaining Working Capital
- Maintaining the Optimum Level of Working Capital
- Preparing a Monthly Cash Flow Forecast
The Challenge of Financial Economic Decision-Making
- The Practice of Financial / Economic Analysis
- The Value-creating Company
- Corporate Value and Shareholder Value
- A Dynamic Perspective of Business
- The Agency Problem and Corporate Governance
- What information and data to use?
- The Nature of Financial Statements
- The Context of Financial Analysis and Decision-making
Revisit the Key Concepts in Decision Making
- Course Summary and Checklists
- Cash Budgets & Capital Budgets Reviewed
- Financial Skills and Further Development
- Re-visit Cash Flow Management
- Key Challenges in Decision making
Foundation Principles
- Identifying and Meeting Stakeholder Needs
- Fundamentals of Cash Flow and Working Capital
- Principles of Business Accounting and Financial Statements
- The Vital Difference between Profit and Cash Flow
- Analysing and Interpreting the Cash Flow Statement
- The Drivers of Cash Flow, Liquidity and Solvency
Understanding and Improving Operating Cash Flow
- Understanding Cost Behaviour
- The Cost - Volume - Profit Relationship
- The Drivers of Profit and Shareholder Value
- Measuring and Managing - Return On Investment
- Measuring and Managing - Asset Management Efficiency
- A strategic Approach to Cost Reduction
Understanding and Optimising Working Capital
- How Working Capital Drives Financial Performance
- Understanding the Working Capital Cycle
- Practical Tools to Optimise Inventories
- Practical Tools to Optimise Trade Receivables
- Minimising Cash Float and Accelerating the Cash Cycle
- Using Improvements to Financial Systems to Improve Cash Flow
Understanding and Managing Business Funding and Investment
- Sources of Business Funding
- Measuring and Managing – Capital Structure and Risk
- Calculating the Cost of Capital
- Principles of Capital Budgeting
- Using Excel’s Discounted Cash Flow Analysis Tools
- A Cash Flow Based Approach to Capital Investment Decision-making
Cash Flow Planning and Forecasting
- Approaches to Managing Cash Resources
- Cash Flow Forecasting Methods
- An Integrated Approach to Risk Management
- Techniques for Managing Risk
- Building a Key Driver Cash Flow Forecast
- Sensitivity Testing Cash Flow Forecasts
2026 Schedule & Fees
| Date | City | Language | Price | Action |
|---|---|---|---|---|
| 28 Jun - 02 Jul, 2026 | Online | English | USD 2,000 | Book |
| 28 Jun - 02 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 05 Jul - 09 Jul, 2026 | Online | English | USD 2,000 | Book |
| 05 Jul - 09 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 12 Jul - 16 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 12 Jul - 16 Jul, 2026 | Online | English | USD 2,000 | Book |
| 19 Jul - 23 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 19 Jul - 23 Jul, 2026 | Online | English | USD 2,000 | Book |
| 26 Jul - 30 Jul, 2026 | Online | English | USD 2,000 | Book |
| 26 Jul - 30 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 02 Aug - 06 Aug, 2026 | Online | English | USD 2,000 | Book |
| 02 Aug - 06 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 09 Aug - 13 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 09 Aug - 13 Aug, 2026 | Online | English | USD 2,000 | Book |
| 16 Aug - 20 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 16 Aug - 20 Aug, 2026 | Online | English | USD 2,000 | Book |
| 23 Aug - 27 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 23 Aug - 27 Aug, 2026 | Online | English | USD 2,000 | Book |
| 30 Aug - 03 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 30 Aug - 03 Sep, 2026 | Online | English | USD 2,000 | Book |
| 06 Sep - 10 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 06 Sep - 10 Sep, 2026 | Online | English | USD 2,000 | Book |
| 13 Sep - 17 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 13 Sep - 17 Sep, 2026 | Online | English | USD 2,000 | Book |
| 20 Sep - 24 Sep, 2026 | Online | English | USD 2,000 | Book |
| 20 Sep - 24 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 27 Sep - 01 Oct, 2026 | Online | English | USD 2,000 | Book |
| 27 Sep - 01 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 04 Oct - 08 Oct, 2026 | Online | English | USD 2,000 | Book |
| 04 Oct - 08 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 11 Oct - 15 Oct, 2026 | Online | English | USD 2,000 | Book |
| 11 Oct - 15 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 18 Oct - 22 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 18 Oct - 22 Oct, 2026 | Online | English | USD 2,000 | Book |
| 25 Oct - 29 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 25 Oct - 29 Oct, 2026 | Online | English | USD 2,000 | Book |
| 01 Nov - 05 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 01 Nov - 05 Nov, 2026 | Online | English | USD 2,000 | Book |
| 08 Nov - 12 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 08 Nov - 12 Nov, 2026 | Online | English | USD 2,000 | Book |
| 15 Nov - 19 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 15 Nov - 19 Nov, 2026 | Online | English | USD 2,000 | Book |
| 22 Nov - 26 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 22 Nov - 26 Nov, 2026 | Online | English | USD 2,000 | Book |
| 29 Nov - 03 Dec, 2026 | Online | English | USD 2,000 | Book |
| 29 Nov - 03 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 06 Dec - 10 Dec, 2026 | Online | English | USD 2,000 | Book |
| 06 Dec - 10 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 13 Dec - 17 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 13 Dec - 17 Dec, 2026 | Online | English | USD 2,000 | Book |
| 20 Dec - 24 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 20 Dec - 24 Dec, 2026 | Online | English | USD 2,000 | Book |
| 27 Dec - 31 Dec, 2026 | Online | English | USD 2,000 | Book |
| 27 Dec - 31 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
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