Knowledge, innovation, entrepreneurship: the ingredients of economic development.

Our contribution: careful analysis, global perspective, feasible projects

Cost-Benefit Analysis Training course in Romania

CSIL experts have participated in 2-days training seminar on the use of Cost-Benefit Analysis for investment project appraisal organised by PDC, Project Development Consultants in Romania for civil servants of Managing Authorities as well as consultants and professionals involved in project planning, preparation, appraisal and delivery. Topics illustrated and discussed were: objectives and scope of applied CBA; feasibility analysis; financial analysis (discounted cash-flows and different NPV and returns definitions); the choice of the financial discount rate; corrections from financial analysis to economic analysis; the social discount rate; shadow prices definition; the use of border prices; the shadow wage; the value of the statistical life; the social value of time; environmental shadow prices; project appraisal under uncertainty; sensitivity analysis; risk analysis.

Client: PDC - Projects Development Consultants, 2012

 
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