This aims of this course to provide students with knowledge and skills about public project appraisal. Appraisal is an important step in the process of project formation and implementation because when resources are limited, the selection of projects capable of promoting good results, preventing projects with many potential risks of financial, economic, social and environmental are a necessary task before deciding to invest, especially for large-scale public investment projects with wide influence in the society. The content of the module is divided into 6 chapters including appraisal knowledge about finance, economics, risks, financing and the impact of the project on stakeholders.
First, in the overview of public project appraisal section, students will be equipped with knowledge about the project, about the process of developing a project in general, in which emphasis on the position and role of project appraisal work. Next, when evaluating a project, financial issues are considered an important part for stakeholders, especially the investor, so students will be equipped with a number of financial indicators, influence project performance, learn how to build a cash flow table and evaluate it by the view of financial analysis. In addition, each project influences and is influenced by many different fields, so to control and evaluate the impact of these impacts, students will be equipped with knowledge to economic analysis, analysis of benefits and costs in many different markets such as market without distortion, market distortion due to tax policy. Students also need to further research the subsidized market, floor price, ceiling price, monopoly, etc. One of the important tasks of project appraisal is to risks management, so the module content will also provide knowledge, skills and some tools related to risk analysis such as sensitivity analysis, situation analysis, simulation analysis, etc. Students are equipped with knowledge related to project funding which addresses issues related to funding such as funding sources, funding monitoring, recovery mechanisms and learn through some practical example. At the end of this course, students will learn about the impact of the project on stakeholders such as poverty reduction, distribution, and the impact of the project on different markets.
Beside the knowledge, students are also equipped with practical computer skills, organizational and group discussion skills, learn from experts to grasp project implementation issues from practice, learn issues related to the development of a public investment project such as environmental impacts, social issues, politics, national security, gender equality and social inclusion.