Finance and Management Workshop: Day 4
Thursday, June, 29th 2017. Now in its fourth day, the Finance and Management Workshop organized by the African School of Economics (ASE) and financed by the Open Society Initiative for West Africa (OSIWA) continues to offer a stimulating program.
During the morning session on Project Management, Professor Lavagnon Ika explained the MPBOK (Project management body of knowledge) approach of project management, among other topics.
In the afternoon, the Financial Risk Analysis course continued with a summary of the way projects are financed and how this affects their return on capital. Professor Soumaré’s lecture focused on the management of financial risks.
He presented the different sources (prices, interest and exchange rate variation) and types of financial risks (market, credit, operational and liquidity risks). He also introduced different models used in financial risk management namely the model average-variance of Markowitz, the Capital Asset Pricing Model (CAPM) of Sharpe-Lintner.
Both sessions were very interesting, interactive and practical.
Finance and Management Worshop 2017: Day 2
June 27th, 2017. The Finance and Management Workshop organized by the African School of Economics (ASE) and financed by the Open Society Initiative for West Africa (OSIWA) continued at the SOS Children's Village in Abomey-Calavi. The program included two modules: Project Management I taught by Professor Lavagnon Ika from the University of Ottawa and the second session of Financial Risk Analysis taught by Professor Issouf Soumaré from Laval University.
Using concrete examples drawn from reality, Professor Lavagnon Ika was able to illustrate the problems (such as exceeding its budget) that a project usually encounters, and how such problems ultimately affect the performance of the project.
Professor Soumaré’s presentation was also very informative and engaging. He outlined the importance of considering measures such as Net Present Value and Internal Rate of Return when making investment decisions for a project. He also discussed how to determine the monetary flows of a project and presented practical cases that allowed participants to practice and better understand some of the concepts. Both sessions were very interesting, interactive and practical. Thay have certainly set a positive tone for the next few days of presentations.
ASE launches its inaugural Finance and Management Workshop
On June 26th, 2017, students, company leaders and entrepreneurs joined the ASE community for the opening of the Finance and Management Workshop. All guests were warmly welcomed by the Dean of ASE, Fr. Claude DOMFANG, the Associate Dean of Academic Affairs, Clementine ASSEDE and the Director of Logistics. Participants have a busy and exciting program to look forward to; including lectures in Project Management and Financial Risk Analysis given by instructors from the University of Ottawa and Laval University respectively.
The first two sessions were “Entrepreneuriat: Innovation et Business Plan” and “Financial Risk Analysis” which took place at SOS Village d’enfants (SOS Children’s Village in English) in Abomey-Calavi. The lecturer for the Entrepreneurial course was Dr. Daniel DALOHOUN from the University of Abomey-Calavi. His presentation detailed the skills required for effective entrepreneurship. He also made the distinction between being simply rich by accumulating goods of higher value versus being an entrepreneur and creating wealth in society. The lecture on Financial Risk Analysis was given by Mr. Issouf Soumaré from Laval University in Canada. His presentation focused on decision-making when making investments and taking out loans. The session was very interactive, with audience members, including ASE professors, asking a number of questions.
The Finance and Management Workshop has been made possible through generous financial support from the Open Society Initiative for West Africa (OSIWA)
FMW 2017, Day 1: Financial Risk Analysis
Financial Risk Analysis by Prof. Issouf Soumaré, from "Université Laval", Canada.
Finance and Management Workshop, Day 1
Entrepreneurship: Innovation and Business Plan, by Mr Daniel Dalohoun, PhD, from "Université d'Abomey-Calavi"
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