Don Dayananda is Senior Lecturer in Finance at the School of Commerce, Central Queensland University. Richard Irons is Associate Professor of Economics in the School of Economics at the University of Queensland. Steve Harrison is Senior Lecturer in the School of Natural and Rural Sustems Management at the University of Queensland. John Herbohn is Lecturer in Finance in the School of Commerce, Central Queensland University. Patrick Rowland is Senior Lecturer in the Department of Property Studies, Curtin University of Technology.

• 1. Capital budgeting: an overview; 2. Project cash flows; 3. Forecasting cash flows: overview, quantitative techniques, approaches; 4. Forecasting cash flows: qualitative methods; 5. Essential Formulae in project appraisal; 6. Project analysis under certainty; 7. Project appraisal under risk; 8. Sensitivity and break-even analysis; 9. Simulation concepts and methods; 10. Case study in financial modelling and simulation of a forestry investment; 11. Resource constraints and linear programming; 12. More advanced linear programming concepts and methods; 13. Financial modelling case study in forestry project evaluation; 14. Property investment analysis; 15. Forecasting and analysing risks in property investments; 16. Multinational corporations and International Project appraisal; Appendix A. Answers to review questions.