The 11^th edition of the Milan Summer School on Cost Benefit Analysis (CBA) of Investment Projects will be held in Milan on 9-13 September 2024.

The course offers an intensive and interactive learning experience focused on CBA as a tool supporting the decision-making process of public investments. It allows participants to acquire a solid background in different aspects:

• Understanding the principles and methods of CBA (how to design and run a financial, economic, sensitivity and risk analysis);
• Getting an in-depth knowledge of its sectoral application (the typical benefits to consider by sector and the techniques most frequently used to evaluate them);
• Assessing the completeness and quality of a real-life CBA (practice on real-life cases and critical discussion).

The programme features face-to-face lectures and hands-on workshops. Participants will engage in exercises on real cases and interactive tools to practice newly acquired knowledge. With the support of lecturers, they will conduct a full-fledged financial and economic analysis, delve into the sectoral applications of CBA and critically revise real-life cases.

The course structure provides participants with the option to select from three different participation formats:

• The Full Course includes both the general principles of CBA and its sectoral application (Module I + Module II, 9-13 September 2024)
• Module I – General Principles and Methods of CBA (9-10 September 2024)
• Module II – Sectoral Application of CBA (11-13 September 2024).

The School is principally designed for public decision-makers involved in the design, preparation, assessment and implementation of investment projects (managing authorities, intermediate bodies, etc.) at different levels of government. It may also benefit researchers and practitioners willing to learn the at-the-edge international CBA techniques and methods.

Lecturers are experts – academics and consultants – with longstanding experience designing, implementing and reviewing CBA of infrastructure projects. Amongst them are experts involved in preparing and reviewing the European Commission’s Guide to Cost-Benefit Analysis of Investment Projects and the Economic Appraisal Vademecum 2021-2027.

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