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The school is organized in two Modules:

Module I: General principles and methods of CBA (10-12 September 2018);
Module II: Sector applications of CBA (12-14 September 2018).

Module I is designed for beginners who have limited knowledge and previous exposure to CBA, or those who want to refresh their knowledge of the conceptual framework of a standard CBA based on the approach of the new Guide. Module II is designed for those who are already familiar with the CBA techniques, have previous exposure to CBA or have at least attended Module I. It provides a more advanced training course focused on the practical applications of the CBA model to Transport, Environment, Research and Innovation, Urban Development sectors.

The two Modules can be attended in sequence. This is the best solution designed for those who want to be acquainted with both a solid background on the general CBA principles and methods and an applied experience on real-life cases.


The training approach is interactive and practice-oriented. The programme combines face-to-face lessons (lectures and presentations, including presentation of examples and case studies), with hands-on workshops. Participants are required to have an active participation to the course, to be able to read a set of recommended reading material before the official start of the school and are recommended to bring their own laptop with Excel installed. The School will make available two PC for each group.

During hands-on sessions (in the afternoon), participants will be asked to work individually (for Module I) or divided into small groups (5-6 people for Module II) on practicing analytical skills. Hands-on sessions will be carried out under the guidance of a tutor. Hands-on sessions of Module I will focus on developing a full-fledged financial and economic analysis and calculation of performance indicators starting from basic assumptions and key input data. Hands-on sessions of Module II will focus on a critical review of a major project example, including the overall design and rationale of the project, the calculation of economic benefits and performance indicators. Public material and/or ad hoc prepared report will be made available to guide the critical analysis of the project. For Module II only, the last day each group will present their findings to the experts and the other groups. A prize will be awarded to the best presentation at the School. Discussions on how to improve the quality of the projects applying for EU funding will follow in a plenary session, together with reflections about how to feed CBA analysis into the decision making process.

The preliminary list of case studies to review includes:

  • Urban transport
  • Railway
  • Water and waste water treatment
  • Solid waste management
  • Research & Innovation
  • Urban development

During the application process participants will be required to express their preferences for the case studies they would like to be assigned to, as well as to express their interest in possible additional cases from other sectors. The final list of cases, as well the group composition, will be decided trying as far as possible to accommodate the participants’ preferences, as well as the need to guarantee a balanced number of participants and expertise among all the groups.

Click here to read the 2018 programme


The School targets professionals and practitioners involved in design, preparation, assessment, and implementation of investment projects in the framework of EU Cohesion Policy, including desk officers in the European Commission, the European Investment Bank, civil servants (managing authorities, intermediate bodies, etc.) in the Member States and in Candidate Countries, staff of financial institutions and consultants. It may be also beneficial to researchers and practitioners who are willing to learn the at-the-edge international CBA techniques and methods.

No previous exposure is needed to attend Module I. To attend Module II it is required to have an intermediate knowledge of CBA or to have previously attended Module I.

A mixed audience with practitioners coming from different organizations (institutional and non) is particularly welcome.
Admittance is subject to a selection process and, particularly for Module II, it will be based on the assessment of the background and past experience of the trainees as evidenced by their CV. The organizing committee reserves the right not to accept an application of a candidate trainee based on the assessment of CV and/or organizational reasons linked to available seats. Details on the application process are available here.


All teaching and instructional materials are in English.


In order to draw the maximum benefit from the course, participants should possess basic knowledge of economics and/or social sciences. An excellent knowledge of English and of standard office tools is required. In particular, a good knowledge and command of Excel are essential.

Participants are welcomed to bring their personal experiences with practical examples of projects they may have come across in their professional experience. This is a good way to have a discussion on practical problems in the application of the methodology to Cost Benefit Analysis of Investment Projects asking for EU co-financing.

A useful self-study material before joining the school is the European Commission, DG REGIO, 2014, Guide to Cost-benefit Analysis of Investment Projects, Economic appraisal tool for Cohesion Policy 2014-2020 click here to download it). Additional reading material will be provided before the start of the school, including teaching material for hands-on sessions. Trainees are recommended to carefully review all the provided material in order to better profit from the teaching assistance during hands-on sessions.

Further information about the course and additional reading materials will be provided two weeks before the start of the school.

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