Training on Cost-Benefit Analysis Using Microsoft Excel Course

INTRODUCTION

Cost-benefit analysis is used by governments and other organizations to evaluate the desirability of a given policy or to justify the allocation of scarce financial resources to attain an established performance goal. Cost-benefit analysis also provides a portable, scalable model for organizing facts, assumptions, estimates, and findings in support of complex decisions. This course introduces concepts that are applicable to selecting optimal decisions through the use of trade-off analysis. In the course, financial and program staff, such as budget and program analysts as well as project managers and contracting personnel, will learn to conduct accurate cost-benefit analyses, thereby identifying choices that increase public welfare and improve efficiency.

Duration

5 days

Who Takes This Course?

This course is designed for individuals who want to understand and apply cost-benefit analysis to support decision-making in their organizations.

Learning Objectives

  • Select measurement(s) and measure all cost-benefit elements
  • Forecast cost and benefits over a relevant time period
  • Convert all costs and benefits into a common currency
  • Apply a discount rate
  • Calculate net present value of project net benefits
  • Perform sensitivity analysis
  • Evaluate alternatives and select the best value option based on costs and benefits
  • Incorporate risk (uncertainty) in calculating costs and benefits
  • Utilize Microsoft Excel tools to facilitate compilation and analysis of cost-benefit elements
  • Reference applicable OMB guidance and Executive Orders

Course Topics

Getting Started: Cost-Benefit Analysis Fundamentals

  • Cost-Benefit Analysis Defined
  • Critical Concepts for Cost-Benefit Analysis
  • Uses for Cost-Benefit Analysis
  • What Documents Provide Guidance for Federal Programs?
  • Presidential Executive Orders
  • Cost Benefit Analysis Essentials
  • Basic CBA Decision Criteria Measures
  • Conflicting Measures
  • The Need for More than One Measure
  • Distinguishing Negative Benefits from Costs
  • Cost Effectiveness Principle
  • Lesson Wrap-Up

Costs

  • Relevant and Non-relevant Costs
  • Opportunity Costs versus Outlays
  • Sunk Costs versus Future Costs
  • Fixed Versus Variable Costs
  • Total Costs
  • Mixed Costs
  • Depreciation
  • Direct versus Indirect Costs
  • Personnel and Overhead Costs
  • Lesson Wrap-Up

Benefits

  • Guidance for Quantifying Benefits
  • Creating Models for Benefits to the Public Without Price Data
  • Weighing and Scoring Benefits
  • Calculating Benefits of Regulatory Action
  • Computing Benefits Where Price Data Is Available
  • Lesson Wrap-Up

Time Value of Money

  • Concept of the Time Value of Money
  • Simple Interest
  • Compound Interest
  • Future Value
  • Present Value
  • Present and Future Value Using Excel Functions
  • Lesson Wrap-Up

Time-Based Decision Criteria Measures Used in Cost Benefit Analysis

  • The Timing of Costs and Benefits and the Cash Flow Diagram
  • The Payback Period
  • The Net Present Value
  • The Principle of Equivalence
  • Calculating the Net Present Value
  • Excel’s NPV function
  • Discount Rate
  • Internal Rate of Return (IRR)
  • Lesson Wrap-Up

Sensitivity Analysis

  • Uncertainty Versus Risk
  • Expected Value with Uncertainty
  • Sensitivity Analysis
  • Sensitivity Analysis in Excel
  • Performing a Sensitivity Analysis Using Excel's Data Table Feature
  • Performing Sensitivity Analysis Using Excel's Scenario Manager
  • Lesson Wrap-U

Methodology

This instructor led training course is delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

Accreditation

Upon successful completion of this training, participants will be issued with a certificate of participation.

Training Venue

The training is residential and will be held at the Livecode Training Centre in Westlands, Nairobi, Kenya. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

Accommodation

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mobile Number: +254 725 771 853

Training Fees

The course fees is KES 70,000.00 or USD 950.00 exclusive of VAT. The course fees covers the course tuition, training materials, two (2) break refreshments, lunch and study visits. Participants will cater for their travel and accommodation costs.

Payment

Payment should be transferred to Livecode Technologies account through bank on or before the course starting date. 

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.

Cancellation Policy

Payment for the all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

Tailor- Made

This scheduled course can also be tailored for your organization. To find out how our tailor-made training can help your organization, call our team on

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Date 05-16-2022 8:00 am
Event End Date 05-20-2022 5:00 pm
Registered 0
Cut off date 05-12-2022
Individual Price USD 950
Location Nairobi, Kenya
We are no longer accepting registration for this event
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