Course description

The course introduces project finance modelling and gives students an opportunity to apply financial concepts to a real or simulated company. Students develop a structured financial model and explain the assumptions, calculations and results.

Learning outcomes

After completing the course, students should be able to:

• define the purpose and structure of a financial project;
• identify the main financial assumptions of a project;
• organise financial information systematically;
• prepare basic financial projections;
• apply time-value-of-money calculations;
• evaluate expected project costs and returns;
• develop a financial model; and
• present and justify the results of the project.

Course content

• Introduction to project finance
• Project assumptions
• Financial forecasting
• Cash-flow estimation
• Investment costs
• Financing structure
• Time value of money
• Project evaluation
• Financial modelling
• Project reporting

Teaching and learning methods

The course combines lectures, financial case analysis, group assignments, spreadsheet modelling and project supervision.

Assessment