Traditional investment appraisal techniques like NPV, Payback, and Breakeven provide valuable financial insights—but they often fall short in dynamic, uncertain environments. This course introduces a broader, more strategic approach to investment appraisal by integrating financial metrics with qualitative tools such as Balanced Scorecard, PESTLE, VRIO, De Bono’s Six Thinking Hats, and RONI (Risk of Not Investing). Participants will learn how to combine these methods to capture financial, strategic, and non-financial factors, enabling more informed and resilient decision-making.
Course ID: BNAAIA
Beyond the Numbers: Alternative Approaches to Investment Appraisal
Learning Objectives
Upon completion of this course participants will be able to:
- Compare traditional investment appraisal methods and their limitations in dynamic environments.
- Identify alternative appraisal tools and their role in capturing non-financial and strategic factors.
- Differentiate between quantitative and qualitative approaches and evaluate when to use each.
- Analyze how combining financial and non-financial techniques improves decision-making.
- Apply integrated appraisal frameworks (e.g., NPV + Balanced Scorecard, NPV + VRIO) to real-world scenarios.
Major Topics
The Investment Appraisal Landscape Quantitative Investment Appraisal tools Qualitative Investment Appraisal tools How to combine qualitative and quantitative investment appraisal tools to generate strategic insights
Who Should Attend
Finance professionals who are responsible for or interested in using investment appraisal techniques to support decision making.A broad understanding of quantitative investment appraisal techniques.
Fields of Study
FinancePrerequisites
A broad understanding of quantitative investment appraisal techniques.