Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course in Nairobi, Kenya
Classroom training in Nairobi · next cohort Nov 9, 2026 · from USD 3,000
Governments lose billions every year to projects that are poorly selected, under-costed or left unfinished, and the cost lands on taxpayers for decades. Ten days train planners, economists and finance officials to run the whole investment cycle with discipline, from the first idea to the post-completion review. The first week builds the appraisal toolkit: project concept notes, problem analysis, demand forecasting, cost estimation, financial and economic analysis, cost-benefit and cost-effectiveness methods, discounting, shadow prices and sensitivity analysis.
The second week widens the lens to the portfolio. You rank and prioritise projects against fiscal space and strategic goals using multi-criteria analysis, link investments to the medium-term budget, screen public-private partnerships and fiscal risks, and review procurement readiness, implementation, monitoring and evaluation. Participants build appraisal spreadsheets, test climate and gender considerations, and complete an integrated portfolio exercise that they present to a mock investment committee. The course is aimed at officers in planning and finance ministries, public investment units, line ministry project teams, county and state planners, auditors, parliamentary committee staff and development partner advisers. Delivery is classroom, online or in-house with a CPD-accredited certificate. You finish able to challenge a proposal with evidence and shape an affordable pipeline.
At a Glance
Training in Nairobi, Kenya
Nairobi is East Africa's business and diplomatic hub, and Vision Reach Global's home city.
More about training in Nairobi →- Format
- Classroom, in Nairobi
- Duration
- Mon - Fri (10 Days)
- Fee
- USD 3,000 (KES 230,000)
- Next start dates
- Nov 9, 2026, Dec 7, 2026, Jan 4, 2027
- Certificate
- Certificate of Completion
- Airport
- Jomo Kenyatta International (NBO), about 18 km from the city centre
- Time zone
- East Africa Time (UTC+3)
- Currency
- Kenyan shilling (KES). Fees are listed in USD and KES.
- Business districts
- Upper Hill, Westlands, Kilimani and the CBD
About this course
Public investment is among the most powerful tools a government has for building roads, hospitals, power plants and schools, yet it is also among the most error-prone. Projects enter the budget without proper appraisal, optimistic costs and demand forecasts go unchallenged, and political pressure crowds out the economically strongest options. The result is stalled works, cost overruns, stranded assets and mounting arrears, often at a time when fiscal room is narrow and borrowing costs are high.
The Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course addresses the full chain over two weeks. Participants first study the stages of public investment management, institutional arrangements and the standards that good systems share. They then master appraisal techniques: needs and options analysis, cost and demand estimation, financial viability, cost-benefit analysis, risk and sensitivity assessment, and the treatment of environmental, social, gender and climate effects. In the second week the focus turns to selection and portfolio decisions: project screening, multi-criteria ranking, affordability, programme sequencing, procurement readiness, public-private partnership assessment and the management of contingent liabilities.
Later days follow projects into delivery, covering project management, cost and schedule control, monitoring dashboards, completion and post-implementation evaluation. Throughout, participants work with spreadsheet models and realistic project files. The final two days are devoted to an integrated portfolio exercise in which teams appraise, rank and present a pipeline to a simulated investment committee.
Training Objectives
By the end of the ten days, participants will be able to:
- Describe the stages of the public investment management cycle and the institutions that support each one.
- Prepare project concept notes and options analyses that justify a public intervention.
- Estimate costs, benefits and demand with transparent assumptions.
- Carry out financial and economic cost-benefit analysis, including discounting and shadow pricing.
- Apply sensitivity, scenario and risk analysis to test project robustness.
- Screen and rank projects using multi-criteria analysis against fiscal and strategic priorities.
- Link the investment pipeline to the medium-term budget and affordability limits.
- Establish monitoring, cost control and post-completion evaluation arrangements.
What you'll learn
Key Takeaways
Participants leave the programme with:
- A cost-benefit analysis spreadsheet they can adapt to their sector.
- A project screening and appraisal checklist for proposals reaching their desk.
- A multi-criteria scoring framework for ranking projects.
- A sensitivity and risk table for a sample investment.
- A PPP screening checklist and fiscal risk summary.
- A monitoring dashboard layout for tracking cost, time and results.
- A pipeline prioritisation proposal ready to discuss with colleagues.
Training Methodology
The ten days alternate analytical technique with applied work. Delivery combines:
- Spreadsheet laboratories for financial and economic appraisal
- Project files drawn from transport, energy, water, health and education
- Group exercises in screening, ranking and PPP assessment
- A simulated investment committee with challenge from peers
- Case discussions of stalled and over-budget projects
- Individual coaching on the closing action plan
Day 1: The Public Investment Management Cycle
- Why public investment matters and why it fails
- Stages: strategy, appraisal, selection, budgeting, implementation, operation and evaluation
- Institutions, legal frameworks and decision rights
- Diagnostics of investment management systems
- Typical problems: stalled projects, cost overruns and arrears
- Exercise: diagnosing a national pipeline
Day 2: Strategic Alignment and Project Identification
- Linking projects to development plans and sector strategies
- Problem and objective analysis, stakeholder analysis
- Generating and comparing options
- Concept notes and pre-feasibility studies
- Early screening criteria
- Workshop: drafting a project concept note
Day 3: Demand, Cost Estimation and Financial Analysis
- Demand forecasting approaches and common bias
- Capital and recurrent cost estimation, contingency and escalation
- Lifecycle costing and maintenance
- Financial cash flows, revenues and financial viability
- Funding and financing structures
- Spreadsheet lab: building a financial model
Day 4: Economic Appraisal and Cost-Benefit Analysis
- Principles of economic cost-benefit analysis
- Identifying and valuing benefits and costs
- Discount rates, net present value, economic internal rate of return and benefit-cost ratio
- Shadow prices, transfers and externalities
- Distributional and gender effects
- Spreadsheet lab: calculating economic returns
Day 5: Risk, Sensitivity and Alternative Methods
- Sensitivity, switching values and scenario analysis
- Probabilistic risk analysis and optimism bias
- Cost-effectiveness and least-cost analysis for social sectors
- Climate and environmental considerations in appraisal
- Resettlement, safeguards and social impact
- Case study: a road project whose benefits did not materialise
Day 6: Project Selection and Portfolio Prioritisation
- Screening gateways and independent project review
- Multi-criteria analysis: criteria, weights and scoring
- Affordability, fiscal space and funding ceilings
- Sequencing, phasing and cancelling projects
- Balancing sector, regional and equity objectives
- Exercise: ranking a pipeline of twelve projects
Day 7: Budgeting, Financing and Public-Private Partnerships
- Linking the pipeline to the medium-term expenditure framework
- Multi-year commitments and capital budgeting rules
- Borrowing, concessional finance and debt sustainability
- When PPPs offer value for money and when they do not
- Contingent liabilities, guarantees and fiscal risk
- Exercise: screening a PPP proposal
Day 8: Procurement, Implementation and Delivery Control
- Procurement planning and readiness for tendering
- Contract types, variations and claims
- Project management baselines, earned value and schedule control
- Risk registers and issue escalation
- Land, permits and utilities as hidden delay drivers
- Workshop: building a monitoring dashboard
Day 9: Monitoring, Evaluation and Asset Management
- Physical and financial progress monitoring
- Handling stalled and failing projects
- Completion reviews and handover
- Post-implementation evaluation and ex-post cost-benefit checks
- Operation and maintenance budgeting and asset registers
- Feeding lessons back into appraisal standards
Day 10: Integrated Portfolio Exercise and Reform Planning
- Team appraisal and ranking of a sample investment portfolio
- Presentation to a mock investment committee
- Panel feedback on assumptions, rankings and risks
- Reform options for strengthening the investment system
- Individual action planning
- Course review and next steps
The programme is designed for those who prepare, appraise, select or oversee public projects, including:
- Officers in planning and finance ministries and public investment units
- Line ministry project and programme managers
- County, state and local government planners
- Economists and cost-benefit analysts
- Public procurement and contract managers
- Internal and external auditors of capital projects
- Parliamentary and assembly committee staff
- Staff of development banks and partner agencies
- PPP unit officers and infrastructure specialists
Participants who attend the ten days and complete the appraisal exercises and the portfolio presentation will be awarded a CPD-accredited Certificate of Completion by Vision Reach Global Consultancy.
It certifies completed training and is not a professional engineering or economics licence.
Choose Where You Want to Learn
Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course Venues
KenyaNairobiNext Nov 9· 13 dates$3,000Viewing- KenyaMombasaNext Oct 26· 13 dates$3,200
- KenyaNaivashaNext Nov 2· 13 dates$3,000
- KenyaKisumuNext Oct 26· 13 dates$3,000
- KenyaMachakosNext Nov 2· 13 dates$3,200
UgandaKampalaNext Nov 2· 13 dates$3,800
RwandaKigaliNext Oct 26· 13 dates$3,800
TanzaniaArushaNext Nov 9· 13 dates$3,800- TanzaniaDodomaNext Oct 26· 13 dates$3,600
- TanzaniaDar es SalaamNext Oct 26· 13 dates$4,000
- TanzaniaZanzibarNext Nov 16· 13 dates$5,200
NigeriaLagosNext Nov 16· 13 dates$5,600- NigeriaAbujaNext Nov 9· 13 dates$5,600
South AfricaPretoriaNext Nov 2· 13 dates$6,400- South AfricaJohannesburgNext Nov 2· 13 dates$6,800
- South AfricaCape TownNext Oct 26· 13 dates$7,600
UAEDubaiNext Oct 26· 13 dates$7,600
GhanaAccraNext Nov 16· 13 dates$9,000
Scroll sideways to see all 18 cities →
Frequently Asked Questions About Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course in Nairobi
Everything you need to know about this course before you register.
Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course runs as classroom training in Nairobi, Kenya, in Monday-to-Friday cohorts that start every four weeks. The venue, daily timings and joining details are sent in your Joining Instructions email ahead of the start date.
The next Nairobi cohort starts on November 9, 2026, and a new intake follows every four weeks. Pick a date under "Upcoming sessions in Nairobi" above and click Register; your seat is confirmed once payment or a signed purchase order is received.
The classroom fee for Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course in Nairobi is USD 3,000 per delegate, covering tuition and course materials. Register 3 or more delegates together and a 5% team discount is applied automatically.
Yes. Besides Nairobi, Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course runs as classroom training in Mombasa, Naivasha, Kisumu, and Machakos. It also runs as live online training you can join from anywhere in Kenya, and in-house at your organisation's own premises.
Yes — Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course can be delivered at your offices in Nairobi or at a venue you choose, on dates that suit your team, with case studies tailored to your sector. Message our training advisors to request a proposal.
By the end of the Public Investment Management, Project Appraisal and Portfolio Prioritisation programme, you'll be able to describe the stages of the public investment management cycle and the institutions that support each one, prepare project concept notes and options analyses that justify a public intervention, estimate costs, benefits and demand with transparent assumptions, and carry out financial and economic cost-benefit analysis, including discounting and shadow pricing. The full breakdown of topics is covered session by session in the Course Outline tab above.
The programme is designed for those who prepare, appraise, select or oversee public projects, including: Officers in planning and finance ministries and public investment units, Line ministry project and programme managers, County, state and local government planners, Economists and cost-benefit analysts, Public procurement and contract managers, Internal and external auditors of capital projects, Parliamentary and assembly committee staff, Staff of development banks and partner agencies, and PPP unit officers and infrastructure specialists.
Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course typically runs as 10 Days. It's available as in-person classroom, live virtual, and in-house corporate training — every course can also be delivered on-site for your team on dates that suit you.
Yes — delegates who meet the attendance requirement receive a Certificate of Completion for Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course from Vision Reach Global Consultancy, issued in the name you register with, so double-check the spelling at checkout.
Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course is pitched at advanced professionals. If you're unsure whether it's the right fit for your current role or background, message our training advisors before you register and they'll help you confirm.
Related Training
More Public Sector Leadership and Governance Courses in Kenya
Strategic Leadership in Public Sector Organizations Training Course
Key Skills You'll Learn
- Understand core strategic leadership in public sector organizations principles and how they fit together in practice.
- Apply practical techniques for strategic leadership in public sector organizations in day-to-day implementation.
Vision Reach Global
From $1,500 · KSh 115,000
Public Governance, Policy, and Institutional Reform Training Course
Key Skills You'll Learn
- Understand core public governance, policy, and institutional reform principles and how they fit together in practice.
- Apply practical techniques for performance management in day-to-day implementation.
Vision Reach Global
From $1,500 · KSh 110,000
Executive Leadership in Government & Public Institutions Training Course
Key Skills You'll Learn
- Understand core executive leadership in government & public institutions principles and how they fit together in practice.
- Apply practical techniques for data-driven decision-making in day-to-day implementation.
Vision Reach Global
From $1,500 · KSh 110,000
Foundations of Public Sector Management Training Course
Key Skills You'll Learn
- Understand core foundations of public sector management principles and how they fit together in practice.
- Apply practical techniques for public sector management in day-to-day implementation.
Vision Reach Global
From $1,500 · KSh 110,000
Also Training in Nairobi
Other Courses Running in Nairobi, Kenya
A-Z for Risk, Reliability and Safety Management Training
Key Skills You'll Learn
- Master core concepts and frameworks in a-z for risk, reliability and safety man
- Apply practical tools and methodologies to your own organizational context
Vision Reach Global
From $1,500 · KSh 115,000
Accounting for NGOs Using QuickBooks Training
Key Skills You'll Learn
- Master core accounting for ngos using quickbooks training concepts and frameworks.
- Apply relevant tools and techniques in your organizational context.
Vision Reach Global
From $1,500 · KSh 115,000
Accounts Payable and Operations Training Course
Key Skills You'll Learn
- Understand core accounts payable and operations principles and how they fit together in practice.
- Apply practical techniques for accounts payable and operations in day-to-day implementation.
Vision Reach Global
From $1,500 · KSh 110,000
Accounts Receivable Management and Development of Credit Policies Training
Key Skills You'll Learn
- Understand core accounts receivable management and development of credit policies principles and how they fit together in practice.
- Apply practical techniques for accounts receivable module 1 in day-to-day implementation.
Vision Reach Global
From $1,500 · KSh 115,000
Achievement of Gender Equity in Development Projects Training
Key Skills You'll Learn
- Master core achievement of gender equity in development projects training concepts and frameworks.
- Apply relevant tools and techniques in your organizational context.
Vision Reach Global
From $1,500 · KSh 115,000
Achieving Strategy through Leadership: Strategy and Innovation Training Course
Key Skills You'll Learn
- Understand core achieving strategy through leadership: strategy and innovation principles and how they fit together in practice.
- Apply practical techniques for managing strategic risks in day-to-day implementation.
Vision Reach Global
From $1,500 · KSh 115,000
What Our Clients Say
VRG brings strategic discipline to complex organizational challenges. Their approach is structured, data-driven, and outcome-focused.
Levis Wabwire
Managing Director
They facilitated our strategy review, we improved departmental KPI alignment by 35% and reduced operational bottlenecks significantly.
David Oketch
Strategy Lead
Employee engagement scores increased following the leadership training program. The difference in accountability culture is evident.
Wendy Albright
Program Manager
Looking for a different city or delivery format? See every date for Public Investment Management, Project Appraisal and Portfolio Prioritisation Training Course in Kenya or browse every course running in Nairobi.