On 23rd March, TAFAWOQ hosted a Project Economics for Project Managers workshop, as part of its commitment to the development of project management professionals in Qatar.
TAWAFOQ supports the professional development of project managers in Qatar by offering regular training sessions on industry best practices. The Project Economics for Project Managers event aims to enhance the skills of industry professionals, which will in-turn assist in the advancement of the project management industry in Qatar and contribute to the Qatar National Vision 2030 by investing in human capital
The workshop was attended by project directors, project managers, asset managers, and project finance managers responsible for the screening of investment opportunities. The one-day event was delivered by the senior Development Adviser in TAFAWOQ, Jan Hogendoorn, a seasoned Project Manager and Business Economist with over 40 years of experience in international projects. The workshop provided participants with an overview of project economics essentials and the screening criteria that should be applied to establish the economic viability of an investment.
During the interactive session, various topics were addressed, including cost estimation, risk classification, risk qualification, and methods for economic sensitivity and project optimisation. A number of case studies were presented in order to demonstrate these concepts, followed by a group exercise to practice developing investment decision-making processes.