Cost Benefit Analysis Training Course

MarketforceBusinessMediaLtd

Training

In London

£ 1,014 VAT inc.

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Description

  • Type

    Training

  • Level

    Advanced

  • Aimed at

    For companies and professionals

  • Location

    London

  • Class hours

    8h

  • Duration

    1 Day

A cost benefit analysis is an invaluable tool for assessing the financial, social and economic impact of large-scale projects. By attending this course you will learn all you need to know about cost-benefit analyses, including how to deal with risk and uncertainty and how to quantify and compare different types of information. You will leave the course with the tools and skills to improve your organisation's approach, methods and processes, ultimately leading to cost benefit-analyses that better reflect the likely outcomes.

Delegates at this course will gain:

An understanding of the basic principles of cost-benefit analysis
Insights into how to quantify costs and benefits
Expertise in dealing with risk and uncertainty
Hands-on practice at building a simple cost benefit model
Knowledge of how to value non-market impacts

Facilities

Location

Start date

London
See map
3 Sutton Lane, EC1M 5PU

Start date

On request

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Subjects

  • Cost-benefit analysis
  • Quantifying costs
  • Risk
  • Model creation
  • How to value non-market impacts

Teachers and trainers (2)

Dermot Glynn

Dermot Glynn

member of the Competition Appeal Tribunal and the Chairman of Europe E

Dermot Glynn is a member of the Competition Appeal Tribunal and the Chairman of Europe Economics. He has overseen the successful execution of a wide range of projects for a variety of utility and other regulatory clients, both public and private sector. Earlier in his career, Dermot spent time as Managing Director of another economics consultancy, Chief Economist at the accountancy firm KPMG, and Economic Director at the Confederation of British Industry.

Stephen Topping

Stephen Topping

secondment within the OFT, Ofwat and Ofcom.

Stephen Topping leads many of Europe Economic’s utility regulation projects. He has over 10 years’ experience advising clients across a range of utilities sectors, including clients in the energy, water, airports and telecoms sectors. He has worked on secondment within the OFT, Ofwat and Ofcom.

Course programme

Cost-Benefit Analysis Training Course

Monday, 22nd September 2014

Central Location, London View details »


09:30

Introduction to the course

  • Objectives of the training course
  • Programme and format for the day
09:45

IIntroduction 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)
10:15

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
  • Discounting
    • How to discount future impacts
    • What discount rate to use
11:00

Refreshments

11:15

How to deal with risk and uncertainty

  • The importance of thinking about risk and uncertainty
  • Scenario and sensitivity analysis
  • Monte Carlo analysis
  • Real options
11:45

Interactive break-out session: building a simple cost-benefit model

In this session, delegates will break into smaller groups to work on an interactive case study involving the building of a simple cost benefit model for an infrastructure investment project.

12:45

Lunch

13:45

In more detail: how to quantify costs and benefits

  • Challenges in quantifying costs and benefits
  • Methods of collecting data and analysing impacts
    • Stakeholder engagement
    • Market research
    • Behavioural experiments
    • Statistical analysis
    • Case studies
    • Modelling
  • Assessing the additionality of impacts
  • Adjusting for optimism bias
14:45

How to value non-market impacts

  • Why non-market impacts are important
  • Techniques for valuing non-market impacts
    • Using existing valuations
    • Stated preference
    • Revealed preference
  • Examples of how to value non-market impacts
    • Time savings
    • Carbon impacts
    • Other environmental impacts (e.g. noise, amenity)
    • Health impacts
    • Safety impacts
15:45

Refreshments

16:00

Interactive break-out session: valuing carbon impacts

Breaking into small groups, delegates will be given an interactive exercise relating to valuing the carbon impacts of a policy proposal

17:00

Summary and conclusions

  • Brief summary of what has been learned during day
  • Final opportunity to ask questions
17:15

End of course

Additional information

10% discount for 2 attendees,15% for 3 attendees, 20% for 4+ attendees

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Cost Benefit Analysis Training Course

£ 1,014 VAT inc.

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