Model Project Cashflows with Confidence

About this course

This intermediate course is designed for finance and business professionals who want to master the critical skill of project finance modeling in Excel. You will learn to construct and analyze a complete cash flow waterfall—an essential tool for assessing the financial viability of large-scale projects. The course moves beyond theory, guiding you through the distinct financial lifecycle of a project, from the initial capital-intensive construction phase to the revenue-generating operating period and subsequent debt repayment. Through hands-on learning and instruction grounded in real-world case studies, such as the Channel Tunnel and the Dogger Bank Wind Farm, you will build a robust model from the ground up. You will learn to project cash inflows, prioritize payments to cover operating expenses and debt service, and determine the cash flow available for equity distributions. By the end of this course, you will have the practical Excel toolkit needed to forecast cash balances, prove a project's solvency, and make confident, data-driven investment decisions, preparing you for demanding financial analysis roles.