Value for Money and Cost Benefit Analysis (June 3-14, 2019)

Course Offering:

Dates: June 3-14, 2019

Location: Washington, DC

Tuition: $5,500

Code: 5108-WA

CEUs: 6.0


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VfM-CBA

A value for money (VfM) analysis consists of a systematic comparison of total costs of financing and delivering an infrastructure project by traditional government means versus private sector means. For a government, there is no single more important exercise than carrying out this transparent cost comparator. Governments must understand the projected costs and revenue streams early in the development of a potential public private partnership (PPP) project so that they can make an informed, long-term decision as to whether the project is viable and what the appropriate financing mechanism would be.

The Institute for Public-Private Partnerships, A Tetra Tech Company (IP3), provides practical, processoriented sessions on how to conduct VfM analyses, case studies, studies of actual analyses, how to appropriately structure a PPP transaction, and hands-on action planning. Participants in this course will learn how to design and manage VfM analyses for use in their own countries and organizations.

Learning Outcomes:

  • Analyze why the VfM and public-sector cost comparison analyses are so critical for PPP project development.
  • Analyze the overall the strategic planning requirements for identifying and screening PPP project opportunities.
  • Illustrate and construct public sector cost (PSC) and VfM models and how to calculate and analyze cost input variables for PPP projects.
  • Evaluate how to forecast financing costs and discount rates for both traditional (government), private sector and, capital market financing.
  • Demonstrate how to analyze, value, and manage retained public sector risks and contingent liabilities in long-term PPP projects.
  • Calculate the diff erences between financial and economic analysis for projects, including valuation, NPV, IRR, and discount rates.