Prof. H.W. Alfen / Dr.-Ing., Dr. Oec. Norayr Badasyan

Dr.-Ing., Dr. oec. Norayr Badasyan

Time-Span: WiSe 18/19

Credits: Lectures/Lehrveranstaltung 3 ECTS, Projektarbeit 9 ECTS

Description: This project consists of two major parts: lectures and project. The main goal of this project is to give insights into the main aspects of infrastructure management and finance, as well as to set the aspects for practical implication of the knowledge.

Objectives of the Lectures: Lectures will give the knowledge needed for the economic and financial evaluation of infrastructure projects in the phase of project work. The main focus will be on infrastructure organizational models, evaluation tools, economic and financial feasibility analyses, case studies and exercises.

Objective of the ProjectThe goal of the students in this phase will be to develop a relevant infrastructure project with private investments that will meet the interests of both public and private partners. From this perspective the students will be divided into two teams. The first team (1-5 students) will introduce the public partner (Government) aiming to develop the project in a way that it can generate required social and macroeconomic benefits. On the other hand the second team (1-5 students) will introduce the private company aiming to get maximal return of investments from the project. During the class the teams have to summary the results within team presentations and enter into negotiations with each other in order to find optimal solutions for the project. Each team have to be prepared to understand the suggestions of the other team in order to be able to prepare own strategy. In the end of the project both teams will submit the developed model for the project in a written form and will present it for the final day of presentation.

Course Assessment: 


Active Participation and Attendance of Lectures (30%)

The active participation during the classes and presentations will take a central role for the grading. Each member of the team will have unique tasks which have to be presented and discussed with the members of the other team members and members of the opponent team.

Presentations (30%)

The grade will be based on the implication and usage of the methods and ideas derived from the class. The used methods have to be based on the economic and financial evaluation methods. The presentations have to be clear using similar format for the whole team clearly highlighting the ideas and used methods of the team.

Submission of a Written Form of the Developed Project (30%)

Each team has to submit a clear text clarifying the solutions made by the team in a written form. The assessment will be based on:

·        You typed the names of all the team members on the front page

·        You saved your project and sent to me as a Word File (so I can give a feedback before the final presentations using the Track changes method)

·        You used page numbering

·        You used 11-point font size

·        You used Arial font type

·        Analyses are based on the derived methodologies from the class and are clearly explained in English

·        There is a clear logic and connection between different chapters of the paper

·        The paper includes introduction, objectives, methodologies and summary sections

·        The sentences clearly introduce to the reader the topic that you have touched

·        All the necessary methods for your analyses are used

·        Appropriate citations are used (e.g. Wikipedia citation will not be counted)

·        You used Harvard in-text citation style (preferably Citavi)

Teamwork (10%)

 Your team presents a well-justified presentation clarifying why the solutions should be acceptable by both teams.

Material: The seminar will be introduced with relevant Power Point Slides and exercises, which will contain the main material for each phase of the class. 

Registration: Registration is available via Moodle.



Introduction to the courseOctober 24, 2018
Difference between economic and financial aspects of infrastructure managementNovember 7, 2018
Financial Analyses of Infrastructure ProjectsNovember 14, 2018
Exercises for cash Flow AnalysesNovember 21, 2018
Private investments organizational models in infrastructure managementNovember 28, 2018
Private investments organizational models in infrastructure managementDecember 5, 2018
Business models and economic results of infrastructure managementDecember 12, 2018
Introduction of the project tasksDecember 19, 2018
First Presentation of the TeamsJanuary 9, 2019

Second Presentation of the Teams

Submission of the written projects


January 16, 2019

January 23, 2019

January 30, 2019

Project Description



Exercises to practice 1

Exercises to practice 2


Contact: N. Badasyan