Economic Appraisal & Business Case Development
Economic Appraisal & Evaluation using “The Northern Ireland Practical Guide to the Green Book” (DFP, 2003)
NI Public Expenditure amounts to over £10 billion annually. The Northern Ireland Practical Guide to the Green Book (NI Practical Guide) is designed to manage this expenditure by representing current Department of Finance & Personnel (DFP) guidance on the appraisal, evaluation, approval, and management of policies & projects.
Per the Guide, all proposals planning to spend or save public money (including EU funds), or change the use of public resources, require evidence of suitable appraisal, approval, management & evaluation.
We offer a 1-day awareness programme and a 2-day training course that walks delegates through the Guide’s 10 steps.
Economic Appraisals Awareness (1 day)
Participants gain an understanding of the completion & evaluation process in an economic appraisal, and their role in supporting the process.
Conducting Economic Appraisals (2-day practical)
Provides a case-study-based practical review of the 10 steps in an economic appraisal.
Step 1: Explain the strategic context.
Step 2: Establish the need for expenditure.
Step 3: Define objectives & constraints.
Step 4: Identify & describe options.
Step 5: Identify & quantify monetary costs and benefits of options.
Step 6: Assess risks and adjust for optimism bias.
Step 7: Assess non-monetary costs & benefits (incl. New TSN & Equality).
Step 8: Calculate net present values and assess uncertainties.
Step 9: Record proposed arrangements for financing, management, procurement, marketing, monitoring & evaluation.
Step 10: Assess the advantages between options and present the appraisal results & conclusions.
“Best training I have taken throughout my time (5 years) in Schrader Technologies. Highly recommended.”
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We offer a free 1hr no-obligation consultation by phone or Zoom (or at your premises if in greater Belfast) to discuss your requirements.