Master Capital Budgeting for Real Business Decisions

Capital investment decisions shape your company's future. Our program teaches you how to evaluate projects, assess risk, and make financial choices that actually work in complex business environments.

Explore Fall 2025 Program
Financial analysis and investment planning workspace

Beyond Basic NPV Calculations

Most finance courses stop at formulas. We teach you how experienced analysts actually evaluate capital projects when uncertainty, competing priorities, and organizational politics enter the picture.

Cash Flow Reality

Learn to identify hidden costs, estimate realistic timelines, and account for factors that textbooks ignore but practitioners encounter daily.

Risk Assessment Methods

Sensitivity analysis and scenario planning help you understand what could go wrong. We show you techniques that prepare you for board-level questions.

Strategic Alignment

Projects compete for limited capital. You'll learn how to evaluate proposals within broader company goals and present recommendations that decision-makers trust.

Business professionals reviewing investment proposals

How We Actually Teach This

Starting in September 2025, you'll work through case studies based on actual capital budgeting decisions from manufacturing, technology, and service companies.

Each week presents a new scenario. You'll build financial models, identify assumptions that need testing, and defend your recommendations to peers who challenge your thinking.

By November, you're analyzing multi-phase projects with interdependencies. The final project involves presenting to a panel that includes professionals who make these decisions for a living.

Our graduates often mention that the program changed how they read financial projections at work. They spot optimistic assumptions faster and ask better questions during planning meetings.

Program Structure

Twelve weeks that build your analytical capability systematically. Each module prepares you for increasingly complex decisions.

Foundation Phase

Weeks 1-3 cover time value of money, discount rates, and basic project valuation. You'll understand why WACC matters and when it doesn't apply cleanly.

Analysis Development

Weeks 4-7 focus on cash flow estimation, tax considerations, and working capital impacts. Real project examples show where estimates typically go wrong.

Risk Integration

Weeks 8-10 introduce sensitivity analysis, Monte Carlo simulation, and real options thinking. You'll learn when sophisticated methods add value versus when simpler approaches suffice.

Strategic Application

Weeks 11-12 bring everything together. Your capstone project requires defending a capital allocation recommendation that balances financial metrics with strategic considerations.

Who Teaches This Program

Your instructors have evaluated capital projects worth hundreds of millions. They know what works in theory and what actually happens when you present to a CFO.

Desmond Thorvaldsen financial instructor

Desmond Thorvaldsen

Lead Instructor

Spent fifteen years in corporate finance before teaching. Desmond evaluates capital requests for a mid-sized manufacturing company and brings current examples to every session. His students appreciate his directness about what matters in real decisions.

Rhiannon Kelstrup investment analysis instructor

Rhiannon Kelstrup

Investment Analysis Specialist

Rhiannon worked in private equity before moving to advisory work. She's reviewed hundreds of investment memoranda and knows exactly what makes analysts question your assumptions. Her feedback on financial models is detailed and practical.

What Happens After

This program helps finance professionals make better capital allocation decisions. It also prepares analysts who want to move into roles where they evaluate major investments rather than just build models.

Recent participants include financial analysts preparing for senior roles, project managers who need to understand the financial evaluation of their proposals, and consultants who advise clients on capital planning.

The fall 2025 cohort begins September 8th. Classes meet Tuesday evenings, with occasional Saturday workshops for complex case discussions.

We maintain small groups because capital budgeting benefits from detailed case discussion. You'll have plenty of opportunity to present your analysis and get specific feedback.

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Financial professionals collaborating on investment analysis