Part 1 – Economic Terms and Financial Fundamentals

Learn the essential economic and financial terminology used in feasibility studies, including:

• Capital Expenditure (CAPEX)
• Operating Expenditure (OPEX)
• Cash Flow
• Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Payback Period
• Discount Rate
• Inflation and Escalation
• Depreciation
• Taxes and Financing Concepts

This section establishes the financial foundation required for evaluating industrial projects.

Part 2 – Cost Estimation

Develop a systematic approach to estimating project costs during different stages of project development. Topics include:

• Cost estimation methodologies
• Equipment cost estimation
• Installation and indirect costs
• Lang factors and factorial methods
• Accuracy classes of estimates
• Contingency and escalation
• Total Capital Investment (TCI)
• Operating cost estimation

Economic assumptions and cost breakdown

Part 3 – Practical COMFAR Expert Examples

Apply the concepts learned by building and evaluating real industrial projects using COMFAR Expert. This section includes two complete case studies demonstrating:

• Project data preparation
• Investment cost input
• Operating cost development
• Revenue forecasting
• Financing scenarios
• Financial statements
• Economic indicators (NPV, IRR, Payback Period, etc.)
• Sensitivity analysis and project evaluation

These hands-on examples enable participants to confidently perform feasibility studies for industrial projects.

Part 4 – Final Project and Complete Feasibility Study

Integrate all the knowledge gained throughout the course to prepare a complete feasibility study for an industrial project. Participants will learn how to combine technical, financial, and economic analyses into a professional report suitable for investors, project developers, and decision-makers.