Assessing and Mitigating Risk in Economic Development Projects: August 26-27, 2013
Course level: Advanced
CPE credits: 16
Time: 2 days, 9:00 am – 5:00 pm (both days)
Who Will Benefit
Finance directors or other finance officers involved in economic development activities
Many economic development projects carry a certain degree of risk, and in fact, the existence of such risk is what sometimes prompts government incentive to carry them forward. For the finance officer involved in evaluating economic development proposals and projects, it is important to understand what those risks are and how they might affect results. Feasibility studies, for example, should include an analysis of risk and uncertainty.
This course will explore the assessment of risk and uncertainty from a practitioner’s perspective, focusing on areas of analysis, tools, and resources needed to conduct a thorough assessment. Participants will receive hands-on experience using the various tools. Instructors will also lead discussions on the use of outside consultants, effective communications, and available resources to evaluate economic development assumptions.
- Understand the risk areas of economic development projects
- Understand how to assess the impact of risks on economic development projects
- Learn how to use various analysis tools and resources to assess risk
- Understand where outside resources can be effective in assessing risk
- Learn methods of communicating risk and impact analysis to stakeholders
GFOA member: $370 Nonmember: $550