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UK EMEA WAT GCC Time Zones
CPEs: 40
Instructor: Dennis Cox
Level: Intermediate
Tuition: £4,195.00
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NEW Project Finance Masterclass CBF031

Location: UK EMEA WAT GCC Time Zones

First Date: Nov 7 - 11 2022

Duration: 5 days

Programme Director: Dennis Cox FCA FCSI FRISM AIIA BFP

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.

All our 2022 Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.

Need to bring this course in-house or Face-to-Face in your location? Simply contact us for a prompt, friendly quotation with significant cost savings and dates to meet your specific requirements.

"[Project was] well delivered by someone who knows the subject matter well."
Natixis, Taiwan
Agenda Highlights

Session 1: Project Finance Refresher

Session 2: The Objectives of Project Appraisal

Session 3: Establishing the Objectives of the Project

Session 4:  Governance & Management of the Project

Session 5:  Site/Location Conditions

Session 6:  Design & Engineering

Session 7:  Statutory Considerations – Consents & Consultations

Session 8:  Project Costs

Session 9: Procurement Strategy

Session 10:  Programme

Session 11:  Risks

Session 12:  Viability & Sustainability

Session 13:  Funding

Session 14:  Monitoring Projects

Session 15:  Monitoring Design & Procurement

Session 16: Construction

Session 17:  Practical Completion

Session 18:  Delivery & Handover & Post Delivery Considerations

Session 19:  Management Systems

Session 20:  Pulling It All Together

"There was continuous discussion in a friendly atmosphere which made it possible to exchange thoughts with all the participants."
Abu Dhabi Islamic Bank
Overview

This course is designed to provide banking staff involved with Project Finance with the core skills that they require to build, develop, manage and operate a project lending unit successfully. The emphasis is on the practical supported by principles and theory. It features numerous examples and published case studies throughout the course as well as in depth discussions encouraging delegates to pool their experiences and learn from both challenges and successes.

Developed for all key staff ranging from heads of department, managers, project leaders as well as administrators and support personnel it has been tailored specifically to help all delegates get the best and most cost-effective results from their appraisers and monitors by learning how to manage the information flow and by knowing how to react to it in the most appropriate way.

"it is comprehensive and meanwhile reflects a practical approach to implementation, which is helpful. Thank you once again for your insight and assistance"
Eurobank SA, Athens
Who Should Attend
  • Heads or Managers in project finance or corporate lending
  • All senior and support staff involved in project finance
  • Heads and Managers of lending, audit or risk departments
  • All senior and support staff involved in project finance or risk control
  • Lending Managers/Mangers
  • Inspection/Audit staff
  • Developers, investors & entrepreneurs involved in large projects
  • Anyone with an interest or responsibility for project finance appraisals, delivery and management.

Additional Course Information

What Does It Cover?

A Masterclass in how to build, develop, manage and operate a project lending unit within a financial institution.

For most banks and financial institutions, the term “Project Finance” usually means either a large or very large lending commitment over at least five years and usually longer. Lenders can participate as either primary or sole lender, as a syndicate leader or as a syndicate participant with rights and responsibilities to match.

All manner of projects can and have been funded under this banner and the range is almost limitless with numerous varieties. However, what is common to every loan is the important need to understand three key areas; i) the business or other case underpinning the project, ii) the appraisal process and due diligence requirements and iii) the monitoring process once the project is underway.

All too often and despite having completed the exhaustive due diligence process, some banks will release funds to the client but will fail to implement the monitoring procedures properly, especially the post completion and delivery requirements. In times of economic turbulence, the net result can sometimes be that they fail to spot a problem until it has developed into a crisis. This course will show delegates how to avoid this danger and how to appraise and manage all manner of project requests both properly and professionally.

The 5-day agenda includes:

Project Finance Refresher 

  • Definitions & basic principles
  • Suitable Lending policies
  • Suitable projects
  • Syndication
  • Participation
  • Risk/reward
  • Extra-Curricular benefits
  • Strategic/policy implications 

The Objectives of Project Appraisal 

  • Key issues – budget, timing and sustainability issues
  • Suitability
  • The importance of independent scrutiny
  • What are they expected to achieve
  • What impact do they make on the project
  • How much detail
  • Skills needed to complete appraisals
  • The “gateway” process 

Establishing the Objectives of the Project 

  • Are they clear, realistic & achievable?
  • Project champions. Help or hindrance?
  • Vision & consistency
  • The challenge of multiple stakeholders
  • Conflicting interests and aspirations
  • How critical is the business case
  • The importance of technical and market feasibility studies
  • Dependencies on other projects.      

Governance & Management of the Project  

  • Appropriate structures.
  • Management teams and differing styles
  • Management procedures & policies – testing and validation
  • The challenge of unfamiliar projects
  • How to measure management capability and experience
  • Quality assurance
  • Health & safety
  • Personnel and environment protection policies
  • Regulatory considerations; local, national and global

 Site/Location Conditions

  • Suitability
  • Control of the site
  • Physical & legal constraints
  • What should we be testing
  • Site reports and what they tell us
  • Conditional, joint or hybrid ownership structures
  • Listed building and similar constraints
  • Dealing with legal rights including “ransom” strips
  • Impact on neighbouring sites of project and vice versa 

Design & Engineering 

  • What is a design brief
  • Stages of design and engineering
  • Deliverables
  • The design team procurement process
  • Tracking design development
  • Design co-ordination
  • The impact of new technologies
  • Costs versus budget & progress
  • Dealing with unresolved design issues
  • Deal breakers

Statutory Considerations – Consents & Consultations 

  • Have planning and other statutory consents been granted
  • The role of other statutory bodies, trade & consumer organisations
  • Normal consents required at each stage
  • Procuring consents
  • Exceptional consents and their procurement
  • Tracking consents and managing conditions and/or rejections
  • Consultation process
  • Stakeholders, advisory groups and affected parties 

Project Costs 

  • Quality and accuracy of estimates
  • What is a cost plan; preparation and limitations
  • Provisional sums, allowances & contingencies
  • Dealing with exclusions
  • The goal of cost certainty
  • Value engineering
  • Factors affecting likely outturn costs
  • When to walk away 

Procurement Strategy

  • Common methods
  • Best practice
  • Implications of each procurement method
  • How are contractors/development partners selected
  • Main contractor route versus individual piecemeal tendering
  • Difference between input and output specifications 

Programme 

  • Is the programme realistic
  • Development programmes – identifying critical events
  • Efficiency & minimising lapsed time
  • Monitoring delivery and ensuring targets are met
  • Dealing with inefficiency & missed targets
  • Consequences of timing changes – delay or acceleration 

Risks

  • What are the most common risks
  • Conducting risk workshops
  • Risk assessment during development
  • Risk measurement
  • Risk registers
  • Dealing with risks not measured or disregarded by the project
  • Development risks – delays & cost overruns
  • Risk protection
  • Risk transfer

Viability & Sustainability 

  • Economic, environmental & social considerations
  • Does the engineering and design deliver the objectives
  • Maintenance programmes
  • Validating assumptions, financial projections & sensitivity analysis
  • Relevance of the supply chain and CSR
  • Projected outcome versus actual
  • Protecting the project physically
  • Recovery measures for accidents, emergencies, disasters  

Funding 

  • Cashflow before, during and after completion
  • Equity or quasi equity investment
  • Debt versus equity
  • Co-funding & contingent agreements
  • Covering funding shortfalls
  • Appropriate debt structure and terms
  • Managing exposure and maximising security
  • Dealing with problems
  • When to cut losses and foreclose 

Monitoring Projects 

  • General principles
  • Project mangers versus project monitors
  • The role of monitoring reports
  • Operational challenges
  • The importance of cross party communication
  • Resolving disagreements
  • Cost effectiveness
  • Managing more than one monitor
  • Insurance especially PI 

Monitoring Design & Procurement 

  • General principles
  • Setting a monitoring programme related to risk profile
  • Specific instructions
  • Recommendations on specific aspects
  • Monitors comments and recommendations on information submitted
  • Site inspections
  • Monitoring external factors to construction
  • Format of monitors reports
  • Warning signs.
  • How to react when things go wrong 

Construction 

  • Format of monitors reports
  • Are pre & post -contract changes justified
  • Have they been costed and properly authorised
  • Is detailed development & construction in line with the programme
  • Materials used and construction standards – do they measure up to the plan
  • Monitors comments on variations
  • Site inspections
  • Complying with statutory, environment and quality assurance standards
  • Warning signs & how to react when things go wrong  

Practical Completion 

  • What does this actually mean
  • Key information required
  • Essential information for monitors
  • Role of monitors during commissioning
  • Comments & recommendations on delays 

Delivery & Handover & Post Delivery Considerations 

  • What does this actually mean
  • The role of monitors during this process
  • Has the project been signed off by all the external and internal monitors
  • Are the statutory and regulatory loose ends cleared
  • Dealing with handovers when monitors advise against
  • Warranty and retention and other post delivery arrangements
  • Dealing with disputes
  • Learning lessons

 Management Systems 

  • Bringing it all together
  • Monitoring systems
  • Establishing internal systems and reporting chains
  • Communication
  • Responsibilities
  • Governance
  • Debt servicing & Repayment
  • Recording & communicating lessons learned 

Summary Discussion, Q&A 

END

Learning Objectives

Delegates will obtain a full, detailed and above all, practical appreciation of the challenges facing the project finance team to and will be able to apply expertly a mixture of hands on skills by the finish of the course, awarded with a Certificate in Project Finance for Banks and Financial Institutions Masterclass, including:

  • Project finance refresher
  • The objectives of project appraisal
  • Establishing the objectives of the project
  • Governance & Management of the project
  • Site, environment, location conditions
  • Design and engineering
  • Statutory considerations – planning, consents & consultations
  • Project costs and their appraisal
  • Procurement strategy
  • Timetables & Programmes
  • Risks
  • Viability & sustainability
  • Funding requirements
  • Monitoring projects – general principles
  • Monitoring the development of design & procurement
  • Monitoring construction
  • Practical completion
  • Delivery & Handover
  • Post-delivery considerations
  • What goes wrong and how to spot and prevent it
  • Management systems
Social Learning & Methods

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all participants.)

Registration

NEW Project Finance Masterclass

Course Fee

Additional savings are available - use the discount voucher RISK15 at check out

Course Fee (per person):
GBP £4,195.00 (+ UK VAT when applicable)

Number of delegates:

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