Capital Budgeting and Investment Decisions
Capital decisions commit money for years and are often made on payback alone. This course covers cash flow forecasting for projects, discounting techniques and the risk analysis that should sit behind a capital decision.
Course outline
What this programme covers, module by module.
- 01What makes a decision a capital decision
- 02Building project cash flows: incremental and relevant only
- 03Discounting, cost of capital and hurdle rates
- 04Appraisal measures and their weaknesses
- 05Tax, inflation, working capital and terminal value
- 06Sensitivity, scenario and risk analysis
- 07Capital rationing, ranking and presenting for approval
What you will gain
- Build project cash flows on the right basis
- Apply discounting techniques correctly
- Compare mutually exclusive and constrained investments
- Incorporate tax, inflation and working capital
- Test decisions for sensitivity and risk
- Present a capital request for approval
Who should attend
- Finance managers and analysts
- Engineering and operations staff proposing capital
- Business planners
- Executives approving capital expenditure
Upcoming sessions
| Date | City | Duration | Fees | Book |
|---|---|---|---|---|
| 2 to 4 Nov 2026 | Cape Town | 3 Days | R13,000 | |
| 23 to 25 Nov 2026 | Johannesburg | 3 Days | R13,000 | |
| 11 to 13 Jan 2027 | London | 3 Days | US$1,500 | |
| 8 to 10 Feb 2027 | Dubai | 3 Days | US$1,500 | |
| 19 to 21 Apr 2027 | Pretoria | 3 Days | R13,000 | |
| 21 to 23 Jun 2027 | Durban | 3 Days | R13,000 |
Fees are per delegate and exclude VAT. Public intakes are confirmed once minimum numbers are met. We also deliver this course on your own schedule, in-house or live online.
Enquire about this course
Register your team or ask for a tailored in-house quote. We reply within one working day.
WhatsApp usCourse brochure (PDF)- Fees from
- R13,000 per delegate
- Duration
- 3 Days
- Field
- Finance, Accounting & Budgeting
- Formats
- In-house, public, online
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