* All fees are exclusive of vat
** PREMIUM - Customize your learning experience
Cost-benefit analysis is a vital part of any large-scale project, allowing an assessment of the financial, social and economic impact caused. This training course provides the opportunity to learn everything you will need to carry out effective cost-benefit analyses in the transport industry, the risk and uncertainty involved, and how to handle the various different types of information available. The skills you will gain will allow the administration of more accurate and reflective cost-benefit analyses through improved methods and processes applicable to transport economics.
What Do Participants Learn?
A formal understating of the key principles of cost-benefit analysis in the transport industry
Methods for quantifying costs and benefits
Expertise in dealing with risk and uncertainty
A practical example of building a cost benefit model in the transport industry
Exploration of the value of non-market impacts
Who Should Attend?
Project design specialists
Technical and business professionals who are expected to use and present credible cost-benefit analyses to make and defend their choices
What Will the Learning Experience Include?
Comprehensive pre-program activities include:
Web-based information forms & surveys completed by attendee.
Direct consultation with the attendee about the expectations.
During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
Participants learn from expert trainers who have both academic and business experiences.
Highly applicable training content & instructive activities for adding depth to training topics.
**A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Explore & Practice
Apply & sustain the learning experience by using this ongoing support:
To ensure participant has new skills or behavior progress.
Optional, fee-based mentoring & coaching with the trainer.
Training materials & additional documents (e-books, pdf files, presentations and articles)
Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
Section 1: Introduction to cost-benefit analysis
Aim of cost-benefit analysis
Importance to policy-makers and link to Impact Assessment
Importance to regulated utilities and infrastructure investment
Ex ante and ex post cost-benefit analysis
Guidance documents (including Treasury Green Book)
Section 2: Basic issues in cost-benefit analysis
Defining the baseline
Identifying costs and benefits
Transfers and distributional impacts
Using market prices to value impacts
Taking account of inflation and relative price changes
How to discount future impacts
What discount rate to use
Section 3: How to deal with risk and uncertainty
The importance of thinking about risk and uncertainty
Scenario and sensitivity analysis
Monte Carlo analysis
Section 4 : In more detail: how to quantify costs and benefits