← Erudite Africa Center of ExcellenceBank and MFIProject Finance ProgramLevel 3 · Advanced
Project Appraisal Level 3: Advanced Project Risk, Structuring and Monitoring
Stress-test projects, structure large and complex financing, and steer loans through construction and trouble
For senior analysts and committee members: measure how much risk a project really carries, design a financing and security package that allocates it sensibly, and manage the loan through construction, start-up and distress.
Start the course
0 of 5 modules completed
What you will be able to do
- Run sensitivity, switching value and scenario analysis, and read their effect on NPV and DSCR
- Assess economic, environmental, social, foreign exchange and regulatory risks
- Structure large projects with syndication, co-financing, supplier credit, leasing, sponsor support and reserve accounts
- Monitor implementation and operation, spot cost overruns and delays, and restructure troubled project loans
- Lead a committee through a complex project decision
- For
- Senior credit and project analysts, relationship managers for corporate and project loans, and credit committee members. Entry: Project Appraisal Level 2, or Credit Level 3 with project experience.
- Study time
- About 5 hours online, in 5 modules (10 hours in the classroom version)
- Each module
- Short lessons, animated visuals, Ethiopian examples, decisions to make, NBE rules and worked calculations, then a quiz
- Assessment
- A 20-question final exam; pass mark 70%
- Certificate
- Erudite Africa Center of Excellence certificate of completion
- Access
- Module 1 free for registered users; the full course, exam and certificate for subscribers
The 5 modules
- Module 01Free previewRisk analysis: sensitivity, switching values and scenariosFind the few assumptions that decide a project's fate and measure how little they need to move before the project, or the loan, fails.6 lessons · 60 min · quiz
- Module 02Economic, environmental, social and regulatory appraisalLook beyond the project's own profit and loss to the risks that can close a profitable plant: pollution, community conflict, foreign exchange and changing regulation.6 lessons · 55 min · quiz
- Module 03Complex financing structures and the security packageFinance projects too large or too risky for a simple loan by sharing exposure with other lenders and placing each risk on the party best able to carry it.6 lessons · 65 min · quiz
- Module 04Implementation monitoring and troubled projectsRead progress against money spent, catch overruns and delays while they are small, and restructure a troubled project on forward-looking numbers rather than sunk costs.6 lessons · 60 min · quiz
- Module 05Integrated capstone: leading a committee through a complex decisionBring the course together on one complex, troubled project and defend a recommendation before a credit committee.6 lessons · 70 min · quiz
- Officer simulationA quarter as senior project analyst at Bank A, Project Finance DepartmentWork as senior project analyst: 11 real-life items, decisions with consequences and a hand-over note. Pass with 70% to qualify for the certificate.
- Final examFinal exam and certificate20 applied questions across all 5 modules. Pass with 70% to download your certificate.
Built on
- Erudite Africa training module: Project Appraisal Level 3: Advanced Project Risk, Structuring and Monitoring (October 2026)
- A commercial bank's Revised Credit Procedure Manual (2025), unnamed
- NBE directives as listed in the lessons: FXD/01/2024 as amended (including FXD/04/2026), SBB/87/2024, SBB/90/2024
- Ethiopian laws: Environmental Impact Assessment Proclamation No. 299/2002, Environmental Pollution Control Proclamation No. 300/2002, Movable Property Security Right Proclamation No. 1147/2019, Insurance Business Proclamation No. 746/2012
- Erudite Africa Ethiopian-context course catalogue (October 2026)
Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.