GRA 8517 Project Evaluation, Financing and Risk Management (2022/2023)
GRA 8517 Project Evaluation, Financing and Risk Management (2022/2023)
This course is part of the Executive Master of Management in Energy in cooperation with BI Norwegian Business School and IFP School.
The topics in this course will cover the key concepts, tools and techniques of project finance and financial management and show students how to apply them to companies in the energy sector
The candidates will acquire indepth knowledge in the enterprise risk management linking corporate strategy to the business operations and financial performance at a given moment and over time.
The students learn basic knowledge in project financing and the associated risk assessments.
The students shall achieve skills on how to do enterprise risk analyses, and the candidates will learn how to measure and diagnose business performance, how to choose between competing investment proposals and select projects that create value, how to make financing decisions that optimize risk and return and how to value projects and businesses.
The candidates shall be able to review the input variables to enterprise risk analyses and business performance recordings, and being able to critically reflect on the actual conditions and constraints present in various business environments.
The students shall reflect on dimensions linked to the dilammas on profitability versus sustainability and corporate social responsibility
Project Finance
- Capital budgeting reminder
- Theory and practice of financing projects in the energy sector (Key Valuation Drivers, Non-recourse financing)
- Role of understanding, analyzing, and anticipating political, technical, and economic risks when evaluating a project finance plan
- Project finance risk management techniques: contractual, operational, logistical
- Assessing strategic economic, industrial investment decisions
- Illustration of the roles and interests of public, private, and other stakeholders involved in a large energy project
Project and Credit Rating
- Role of equity analysts in the capital markets and importance for the energy sector
- Fundamentals of credit scoring: how do banks and credit ratings agencies assess the credit-worthiness of companies and projects. Examples from the energy sector.
Energy Project Risk Management
- The Risk Management Process
- Project Governance & Decision making
- Risk mapping / mitigation
- Prevention
- Transfer
- Anticipating and managing uncertainties
Project Development
- Regulation
- Project Development
- Construction
- Operations & Maintenance
- Case Study regarding Solar Energy
1 ECTS credit corresponds to a workload of 26-30 hours.
Attendance to all sessions in the course is compulsory. If you have to miss part(s) of the course you must ask in advance for leave of absence. More than 25% absence in a course will require retaking the entire course. It's the student's own responsibility to obtain any information provided in class that is not included on the course homepage/ It's learning or other course materials.
The course is a part of a full Executive Master of Management in Energy (EMME) and examination in all courses must be passed in order to obtain a certificate.
In all BI Executive courses and programmes, there is a mutual requirement
for the student and the course responsible regarding the involvement of the student's experience in the planning and implementation of courses, modules and programmes. This means that the student has the right and duty to get involved with their own knowledge and practice relevance, through the active sharing of their relevant experience and knowledge.
Granted admission to the Executive Master of Management in Energy programme.
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 50 Grouping: Group (3 - 6) Duration: 6 Week(s) Comment: Written submission in groups, counting 50% of the final grade. Exam code: GRA 85172 Grading scale: ECTS Resit: Examination when next scheduled course |
Exam category: Activity Form of assessment: Presentation Weight: 50 Grouping: Group (3 - 6) Comment: Oral presentation in groups, counting 50% of the final grade. Exam code: GRA 85173 Grading scale: ECTS Resit: Examination when next scheduled course |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 40 Hour(s) | |
Student's own work with learning resources | 95 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 5 ECTS credit corresponds to a workload of at least 135 hours.