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Informationen zum Autor LECH KUROWSKI is an economist with over twenty-five years of experience in investment projects analysis. Currently a professor of economic analysis at the Wroclaw University of Economics in Wroclaw, Poland, he has performed investment studies and has served as analyst for investment proposals prepared by consulting companies for governments and private investors in over forty countries in Europe, Asia, and Africa. DAVID SUSSMAN is an industrial engineer who has served as consultant to medium and small-scale enterprises and has conducted workshops and seminars throughout the world, particularly in Latin America. He was responsible for most of the important systems design and developed many of the concepts used in the investment project analysis program of the U.N. Industrial Development Organization. He has designed financial management systems in both the public and private sectors. Please visit the companion website for case descriptions, spread sheets, and supplementary discussion of markets and other topics. www.wiley.com/go/investmentprojectdesign Klappentext Praise for Investment Project Design Accumulating and deploying capital assets to provide future benefits is a practice that dates back thousands of years. Yet, even today, how capital resources are applied?decisions about when, where, and how they should be committed?presents its challenges and does not always produce expected results. Aside from uncontrollable external factors such as political and economic upheavals, one of the main deficiencies in project planning is that there is usually not enough of it, with decisions often based on anything from intuition to inadequate analysis. In Investment Project Design, internationally known experts Lech Kurowski and David Sussman offer a complete guide for investors and other stakeholders in methods of successfully designing and appraising investment projects in private and public sectors. They present a comprehensive framework of analysis for any project involving capital investment?one that clears up a number of important misconceptions about financial aspects of design and appraisal, and that aligns the project more compatibly with features of its operating environment. Through this holistic view of the business environment, the investment project becomes part of the economic, social, and ecological system within which it is intended to function and prosper. The approaches that the authors provide for designing, analyzing, and appraising the project will increase confidence in the investment decision despite the minefield of the contemporary investment environment?and vastly improve chances for a successful outcome. Zusammenfassung Helps you to make informed project investment decisions by knowing what issues to examine in the planning process and how to analyze their impacts. This guide includes descriptions of specific methods of financial and economic analysis for new investments and for expansion of an existing enterprise. Inhaltsverzeichnis Acknowledgments xi Symbols and Most Frequently Used Acronyms xiii Introduction 1 CHAPTER 1 Investment Environment 9 Systematic Project Analysis 10 Project Environment and Strategy 11 Project Development Process 33 Planning Horizon and Project Life 43 Project Scope 44 Preinvestment Studies 46 Investment Planning Infrastructure 58 Appendix 1.1: Elements of Commercial and Wider Domains 60 Appendix 1.2: Outline of Business Plan for a Manufacturing Enterprise 62 Appendix 1.3: Outline of Design/Study Report 63 Appendix 1.4: Information Flow Details 67 Notes 69 References 74 CHAPTER 2 Preparing Pro-Forma Financial Statements 75 Accounting System 77 Process of Financial Analysis 81 Financial Costs and Ben...
