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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/project-valuation-and-the-capital-budgeting-process
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课程名称：项目评估与资本预算过程 课程概述： 本课程通过净现值、内部收益率和回收期分析，描述工程项目的经济可行性。课程将讨论折旧、税收、通货膨胀和外汇的影响，并探讨资本预算过程，展示企业如何决策以优化其投资组合。通过情景分析、敏感性分析等定量技术，课程还涵盖了风险的缓解方法。 课程大纲： 1. 复杂现金流分析 - 描述涉及多个现金流、永续年金和多次复利期间的复杂现金流情景。通过分析和电子表格解决多个实际问题。 2. 项目评估技术 - 项目评估确定财务收益是否大于所需投资，使用的主要评估指标包括净现值（NPV）、回收期和内部收益率（IRR）。本模块探讨如何通过分析和电子表格分析来确定这些指标。 3. 项目选择技术 - 项目评估标准（如NPV和IRR）用于确定财务收益是否大于所需投资。企业在年度资本预算过程中使用这些指标来选择资金项目。技术经理在投资决策时往往只能从多个合适的选择中选择一个。本模块涵盖了几种项目选择技术，以确保选择最佳项目。 4. 折旧、税收和通货膨胀 - 准备任何投资的全面现金流分析时，需要考虑设备等资产的折旧和项目利润所需支付的税款。通货膨胀也会对未来现金流产生重大影响，因此必须予以解决。本模块发展了折旧、税收和通货膨胀的概念，并展示了如何确定这些因素。 5. 建立商业案例 - 项目商业案例的重要元素是财务合理性——项目需对公司有经济意义。本模块重点关注项目现金流量表的三个主要组成部分：运营、净营运资本和资本支出。然后对项目的总现金流进行财务评估，从而得出NPV、IRR和回收期，以判断项目是否值得投资。 该课程适合希望深入了解项目评估和资本预算过程的学生和专业人士。
Name:Complex Cash Flow Analysis
Description:Considers more complex cash flow scenarios involving multiple cash flows, perpetuities, and the impact of multiple compounding interest periods per year. Many practical problems are worked both analytically and with spreadsheets.
Name:Project Valuation Techniques
Description:Project valuation determines whether the financial benefits are greater than the required investment. There are three primary valuation metrics used in business: the net present value, the payback period, and the internal rate of return. This module explores how to determine these metrics both analytically and using spreadsheet analyses.
Name:Project Selection Techniques
Description:Project valuation criteria such as the NPV and IRR determine whether a project’s financial benefits are greater than the required investment. Companies use these metrics to select projects for funding during the annual capital budgeting process. Technical managers also make investment decisions but are often constrained to select only one alternative from several good ones. This module covers several project selection techniques to ensure the best project is selected.
Name:Depreciation, Taxes, and Inflation
Description:Preparing a comprehensive cash flow analysis for any investment requires accounting for the depreciation of equipment and other assets and the taxes paid on the project’s profits. Inflation can also significantly impact future cash flows and therefore must be addressed as well. This module develops the concepts of depreciation, taxes, and inflation and shows how these are determined.
Name:Building the Business Case
Description:A critical element of a project’s business case is the financial justification – it needs to make good business sense for the company. This module focuses on the three primary components of a project’s cash flow statement: operations, net working capital, and capital spending. The project’s financial valuation is then conducted on the total cash flows, resulting in the NPV, IRR, and Payback Period to assess whether the project is financially worthwhile.
This course describes the economic viability of an engineering project through the application of net present value, internal rate of return, and payback period analysis. The impacts of depreciation, taxes, inflation, and foreign exchange are addressed. The capital budgeting process is discussed, showing how companies make decisions to optimize their investment portfolio. Risk is mitigated through the application of quantitative techniques such as scenario analysis, sensitivity analysis, and rea
