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7th Milan Summer School of Cost Benefit Analysis

The 7th edition of the Milan Summer School on Cost-Benefit Analysis of Investment Projects will be held on September 18-23, 2017, offering an intensive learning experience focused on the ex-ante appraisal (Cost Benefit Analysis) of Major Projects asking for co-financing under the European Structural and Investment Funds in the programming period 2014-2020.

18th September 2017 to 23rd September 2017
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This School offers an intensive learning experience focused on the ex-ante appraisal (Cost Benefit Analysis) of Major Projects asking for co-financing under the European Structural and Investment Funds in the programming period 2014-2020. The structure of this school reflects the need to provide an overview and introduction to principles and methods of CBA for beginners and to offer a more in-depth understanding of sectoral applications for more advanced trainees.

This year the school will take place in combination with an international workshop focusing on the role of CBA in government decision-making which is jointly organized by the Society for Benefit-Cost Analysis, University of  Milan and CSIL. Participants of the summer school will be offered the opportunity to join this event as part of their training programme. 
More information about the workshop is available here


Lecturers are experts of the team involved in the preparation of the last edition of the Guide to Cost Benefit Analysis of Investment Projects, including the authors, technical advisors and academic peer reviewers. They come from the following institutions: University of Milan, CSIL, European Commission and Jaspers. 
To know more about them see the Lecturers page.


At the end of programme participants will be able to understand the principles and methods of CBA and, for the advanced course, to assess the completeness and quality of a project dossier as well as to design and prepare a complete CBA.


The school is organised in two Modules:

  • Module I: General principles and methods of CBA (18 - 20 September);
  • Module II: Sector applications of CBA (20 - 23 September)

Module I is designed for beginners who have limited knowledge and previous exposure to CBA or those who wants to refresh their knowledge of the conceptual framework of a standard CBA based on the approach of the new Guide. Module II is designed for those who are already familiar with the CBA techniques, have previous exposure to CBA or have at least attended Module I. It provides a more advanced training course focused on the practical applications of the CBA model to Transport, Environment, Research and Innovation, Urban Development sectors.

The two Modules can be attended in sequence. This is the best solution designed for those who want to be acquainted with both a solid background on the general CBA principles and methods and an applied experience on real life cases.

More information on how to apply to the school is available here.

Learning method

The training approach is interactive and practice-oriented. The programme combines face-to-face lessons (lectures and presentations, including presentation of examples and case studies), with hands-on workshops. Active participation and discussion from the trainees is strongly encouraged. In addition, under the guidance of a tutor, participants will work individually or in small groups on practical exercises, i.e. spreadsheets with calculations for Module I and review of real case studies for Module II. Participants are required to have an active participation to the course, to be able to read a set of recommended reading material before the official start of the school and are recommended to bring their own laptop with excel installed. The School will make available two PC for each group. 
More information about the Programme is available here.

Target audience

The School targets professionals and practitioners involved in design, preparation, assessment and implementation of investment projects in the framework of EU Cohesion Policy, including desk officers in the European Commission, the European Investment Bank, civil servants (managing authorities, intermediate bodies, etc.) in the Member States and in Candidate Countries, staff of financial institutions and consultants. It may be also beneficial to researchers and practitioners who are willing to learn the at-the-edge international CBA techniques and methods. 
No previous exposure is needed to attend Module I. To attend Module II it is required to have an intermediate knowledge of CBA or to have previously attended Module I.
A mixed audience with practitioners coming from different institutions (institutional and non) is particularly welcome.

Admittance is subject to a selection process and, particularly for Module II, it will be based on the assessment of the background and past experience of the trainees as evidenced by their CV. The organizing committee reserves the right not to accept an application of a candidate trainee based on the assessment of CV and/or organizational reasons linked to available seats. Details on the application process are available here.