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Project Evaluation

Project Evaluation

Code	12432
Year	1
Semester	S2
ECTS Credits	6
Workload	OT(15H)/TP(30H)
Scientific area	Economics
Entry requirements	N.A.
Mode of delivery	The classes in this course are theoretical-practical. In the theoretical classes the teacher expounds the theoretical concepts using the different pedagogical material available on the Moodle platform (e.g., slides, book chapters, case studies). The practical classes aim at applying the theoretical concepts taught, so students have to: i) solve practical exercises and ii) analyse and discuss scientific articles related to the contents taught.
Work placements	n.a.
Learning outcomes	The CU aims to provide the students with the techniques and instruments used in the design, evaluation and management of investment projects. The module has as specific objectives are to provide the students: (1) with the knowledge of state of the art of project design and evaluation; and (2) with a consistent view of design process, analysis, evaluation and management of investment projects. The module has as learning outcomes: (1) full understanding of project design and evaluation; (2) enabling students to develop a coherent economic discourse; (3) enabling students to do economic and financial decision-making; (4) enabling students to detect investment opportunities and proceed with their implementation; (5) providing the students with tools, instruments and techniques of financial assessment of real assets; and (6) enabling students to submit projects of investment to systems of investment incentives.
Syllabus	1 - FINANCIAL EVALUATION OF PROJECTS 1.1 - The concept of investment project 1.2 - Phases of projects 1.3 - Feasibility of the project 1.4 - Structuring of information estimates 1.5 - Criteria and methods for evaluating projects 1.6 - Selection of projects 1.7 - Analysis of risk and uncertainty 1.8 - Audit of projects 1.9 - Ex-post evaluation of projects 1.10 - System of incentives for investment 1.11 - Evaluation of projects based on real options theory 2 - ECONOMIC EVALUATION OF PROJECTS 2.1 - Criteria and methods of economic evaluation 2.2 - Analysis cost / benefit 3 - PROJECT MANAGEMENT 3.1 - Project Planning 3.2 - Implementation of the project 3.3 - Control of the project 3.4 - Completion of the project
Main Bibliography	Barros, C., Gestão de Projectos, Lisboa, Edições Sílabo, 1994. Cebola, António, Projectos de Investimento de Pequenas e Médias Empresas: Elaboração e Análise, Lisboa, Edições Sílabo, 2011. EC, Guide to cost-benefit analysis of investment projects, 2008. Barros, C., Decisões de Investimento e Financiamento de Projectos, 3.ª ed., Lisboa, Edições Sílabo, 1995. Blank, Leland T. and Tarquin, Anthony J., Engineering Economy, 6.ª ed., McGraw-Hill, 2005. Boardman, Anthony , Greenberg, David, Vining, Aidan e Weimer, David, Cost-Benefit Analysis: Concepts and Practice, 4.ª ed., Pearson Series in Economics, 2011. European Investment Bank, The Economic Appraisal of Investment Projects at the EIB, 2013. Porfírio, José António, Couto, Gualter e Lopes, Manuel Mouta, Avaliação de Projectos: Da Análise Tradicional às Opções Reais, Lisboa, Publisher Team, 2004. Smith, V. Kerry e Moore, Eric M., “Behavioral Economics and Benefit Cost Analysis”, Environmental and Resource Economics 46: 217–234, 2010.
Language	Portuguese. Tutorial support is available in English.