Cost Benefit Analysis and managing risks in implementing EU projects

Cost Benefit Analysis and managing risks in implementing EU projects

OBJECTIVE

The Cost Benefit Analysis is the main tool for estimating and evaluating the financial, economic and social development of major infrastructure projects. The main objective is to establish the extent to which the project contributes to economic and social cohesion policy objectives (POS/ POR) and, in particular, to achieve the priority axis and the operation objectives, which require funds and to establish whether the project needs co-financing to be financially and economically viable. Thus, Cost Benefit Analysis justifies the need and the importance of the project, being a mandatory document to be attached to the Application Form, where the Applicant Guide requires.

The course aims to familiarize participants with the Cost Benefit Analysis method, applicable to the projects financed from EU funds. The method involves comparing the benefits of the project with its associated costs, through specific indicators quantification: financial, economic, social, risk sensitivity, etc., explained in detail during the course.

AUDIENCE

Bank staff from departments involved in analysis, EU funds, loans, risk, middle management of these institutions, entrepreneurs involved in accessing EU funds and other interested persons, middle management of these institutions, and other stakeholders.

CONTENT

Analysis context

  •  Introduction and analysis of the alternatives;
  •  Basic principles, objectives, types of the projects;

Feasibility and options analysis – CBA ingredients for different types of projects

  •  The theory of cost-benefit analysis;
  •  Special features in the case of the projects generating income and those which do not generate income;

Financial analysis – principles, case study;

  •  Financial ratios;
  •  Funding gap;

Economic analysis – principles, case study;

  •  Shadow prices;
  •  Externalities;

Risk analysis – uncertainty, sensitivity, case study.

LECTURER

Iulia Teodora Paşa, PhD has extensive experience in financial and banking training, as a lecturer at the Romanian Banking Institute. She held management positions in several credit institutions, such as: Eximbank, Volksbank and Alpha Bank. The last few years she has devoted exclusively to accessing and implementing EU funded projects. Currently, she is a member of the Committee on European Funds of the ARB, actively participating with proposals for the 2014-2020 programme.

DURATION

The course lasts for 16 hours.

TIME FRAME

February 2019,  between 9:00 – 17:00 hours.

Course registration is made by completing the registration form.

RBI will hold the course at its headquarters, providing specialized lecturers, course materials, required material resources and light lunch.

At the end of the course, participants will be given a certificate, issued by RBI (under the aegis of the founding members: NBR and RBA), with 14 CPD credits.

CONTACT

Georgiana Gojgărea

Phone: 0748.886.819

e-mail: georgiana.gojgarea@ibr-rbi.ro

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