Curriculum

The curriculum is designed to provide participants an in-depth and comprehensive education with a cross-sectional approach to infrastructure management, including spill-overs to policy and law. The curriculum builds upon a variety of theories and frameworks, and prepares participants to develop effective leadership skills and drive infrastructure businesses towards excellence.

 

TERMFINAL COURSE LINEUPCREDIT
term 1RISK ANALYSIS AND MANAGEMENT0.5
INFRASTRUCTURE FINANCE - PART 11.0
INFRASTRUCTURE ECONOMICS AND PUBLIC PRIVATE PARTNERSHIP1.5
 PROJECT0.5
TERM 2SOCIAL AND ENVIRONMENTAL ISSUES IN INFRASTRUCTURE1.0
LEADERSHIP AND CHANGE MANAGEMENT0.5
PROJECT MANAGEMENT0.5
CONTRACT AND STAKEHOLDER MANAGEMENT1.0
PROJECT1.0
term 3INFRASTRUCTURE FINANCE - PART 21.5
PROCURING PUBLIC PRIVATE PARTNERSHIPS0.5
STRATEGIC THINKING AND SCENARIO PLANNING1.0
PROJECT1.0
TERM 4INFRASTRUCTURE REGULATION0.5
LEGAL ISSUES AND CONTRACTING IN INFRASTRUCTURE AND DISPUTE RESOLUTION1.0
GLOBAL OPPORTUNITIES FOR INFRASTRUCTURE BUSINESS0.5
NEGOTIATIONS1.0
PROJECT1.5
  16.0

Note: Some of the courses may undergo modification at the time of delivery.


Strategic Thinking and Scenario Planning
Infrastructure leaders constantly face the challenges of a complex business and policy environment. Understanding and managing uncertainty by building and implementing strategies is a critical aspect of it. This course will acquaint participants with different aspects of strategic thinking and scenario planning. The strategic thinking component will address various aspects of strategy formulation and types of strategies, and introduce learners to various strategic analysis tools. The module will introduce frameworks to enable strategy execution, and also address challenges related to strategy execution. The scenario planning component will enable participants to identify possible scenarios that could emerge in the future and develop likely situations under different assumptions/scenarios.
Infrastructure Economics
This course will cover basic concepts of microeconomics and macroeconomics in the context of infrastructure projects. Topics from microeconomics will expose participants to a variety of microeconomics tools and principles that will be used for managerial and policy decision-making in the infrastructure sector. The topics covered include market economics, public economics and regulatory economics, and will focus on economic and social cost-benefit analysis, elasticity and infrastructure demand estimation, and economic appraisal of infrastructure projects. Macroeconomics will focus on trade policies, international capital flows, infrastructure investments and its impacts on GDP/GNP, inflation, exchange rates, interest rates and capital control policies. Case studies will be used to demonstrate the concepts and several exercises will help participants get a hands-on experience in using the relevant tools. 
Basic Statistics
The course will cover the basic principles of statistics including mean, mode, median, standard deviation, regression, probability, sampling, estimation techniques and survey techniques. The participants will also gain hands-on experience of data analysis using spreadsheets. 
Business Negotiations
Effective negotiations is a critical requirement for infrastructure leaders who almost always find themselves trying to balance the expectations of multiple stakeholders, including governments, private players, regulators, civil society and infrastructure users. This course is designed to impart critical skills in negotiations and enhance personal attitudes required to succeed in such situations. The course will highlight the components of an effective negotiation and enable participants to analyze their own behavior in negotiations. The course will be experiential in nature, providing opportunities to develop skills by participating in negotiations and integrating personal experiences with the principles presented in the class. Integrating concepts of ‘action learning’, the course will enable participants to explore their skills and shortcomings as negotiators. 
Infrastructure Finance-I
The objective of this course is to expose participants to the fundamental principles and tools of finance that can be used to evaluate the impacts of business and policy decisions on financial value creation in infrastructure projects and infrastructure firms. It will blend the basic financing aspects of infrastructure projects and companies with the building block of accounting and finance in a manner that allows participants develop analytical and strategic skills and attitudes to appreciate the applications of finance in the infrastructure sector. The course will cover financial instruments such as debt, equity and hybrids; treatment of such instruments in financial statements including balance sheet, income statements, and statements of cash flows; basic tools of pricing of financial instruments and cost of capital; and applications of derivatives. 
Legal Issues, Contracting, and Dispute Resolution in Infrastructure
Infrastructure projects require compliance with several laws and regulations. Often there are disputes that require recourse to the legal process for seeking remedies. This course will focus on the body of laws governing the different types of situations/issues that participants can expect to encounter in their future leadership roles. The course will expose participants to some of the key legal issues that come up in managing infrastructure projects and businesses. It will highlight the key aspects of multiple laws/regulations that impact infrastructure projects. It will also cover important sector-specific laws and dispute resolutions practices such as arbitration and the associated laws. 
Contract Management and Project Management
Infrastructure projects worldwide are structured and managed as a portfolio of contracts. With objectives of maximizing financial and operational performance and minimizing risk, the contract structuring process requires a systematic and efficient management of ‘contract-formulation’, ‘contract-implementation’, and ‘contract-analysis’. The focus of the course will be on structuring good contracts and their efficient and effective monitoring as part of a value-creating project strategy. Project management techniques will also be discussed to extract maximum value out of a project. The course will include case studies to discuss operational and financial gains out of effective contracting and monitoring. It will also build on cases that allow participants to make various decisions, and assess the impact of their decisions on operating and financial matrices of infrastructure projects.
Infrastructure Finance-II
This course will build on Infrastructure Finance-I and cover more advanced aspects of infrastructure finance. Focus will be placed on taking participants through the requirement of capital for infrastructure projects, channels of capital-raising, both in terms of instruments and types of market, and optimization of capital structure for infrastructure projects of various types. A clear understanding of costs and benefits of raising capital in the markets is a necessity for infrastructure leaders as each market has its own specificities, challenges, requirements and constraints. The focus will be more on developing a broad understanding of the Indian infrastructure financing landscape, including both domestic and international financing sources, and its capacity to provide long term financing for infrastructure. The course will also briefly discuss project financing issues with several, often conflicting, viewpoints to understand the structuring of infrastructure projects. In addition, the course will equip participants to manage the complex process of infrastructure financing documentation.
Leadership and Change Management
Great leadership originates from a leadership mindset, and developing that is the primary objective of this course. Leadership also requires an awareness of the cognitive, cultural and behavioral patterns in the organization. The course learning objectives include (1) Developing a broader vision for business success; (2) Inspiring others to excel; (3) Fostering a climate for innovation and change; (4) Managing a diverse and global workforce; and (5) Consciously shifting from a functional, operational focus to inspiring leadership that transforms teams and organizations.
Risk Analysis and Management
Infrastructure projects generally have a long gestation period and unexpected situations often impact the viability of a project. The adverse impacts cascade via project valuation through the balance sheet of the firm managing the project. However, a good risk identification and assessment exercise coupled with a mitigation strategy can go a long way in reducing the adverse impact of such risks. This course will highlight methods of risk identification, risk assessment, principles of risk allocation and strategies for mitigating different types of risks. Emphasis will be laid on both qualitative and quantitative aspects of risk management strategies. The course will encompass risks from initiation to financing through execution. Cases will be used to demonstrate a structured thinking process in identifying and assessing risks, as also in identifying mitigation strategies. A quick introduction and application of derivative instruments, including options and futures in managing risks will also be included.
Health, Safety, and Environment
A range of social and environmental issues are becoming important in the design and implementation of infrastructure projects today. Air and water pollution, climate change, social inclusion and safety are all becoming extremely important determinants to the viability and sustainability of a project. This course will highlight some of the key issues related to broader sustainability that arise in different types of infrastructure projects and methods and tools that can be adopted to assess their impact. Case studies will be used to explain the impact assessment process.
Stakeholder Management
One of the characteristics of infrastructure projects is that multiple stakeholders are involved and each of them has specific interests in the project. These could include internal stakeholders like employees and external stakeholders like the government, citizens, the local community, various vendors, partner organizations and others. Leaders need to understand the concerns of these diverse stakeholders and manage them suitably to achieve balanced outcomes. This will be the focus of the course. Some of the key concepts that will be covered are (1) The Competence Influence Model; (2) Strategic Influence; (3) Influencing thought Patterns; (4) Aspects of Tact for Effective Influence; and (5) Balancing Stakeholder Value with Shareholder Value. The course will also focus on the concept of having crucial conversations where stakes are high, emotions are deep, opinions are polarized, and objectives are varied; and how to achieve balanced outcomes at the end.
Public Private Partnership
Historically, infrastructure projects have been financed and implemented by the state. However, because of the paucity of public funds and the poor quality of publicly provided infrastructure, many governments have invited the private sector to partner with them on infrastructure provisioning responsibilities. Private provision of infrastructure services has taken the form, most often, of public-private partnerships (PPPs). The course will provide participants with a clear understanding of the concepts that go into structuring such partnerships, the respective roles of the partners and the allocation of risks and benefits between the partners. The course will also include economic, policy, and financial aspects of bidding strategies and contract forms typically used in the PPP context. Participants will be required to build and implement a spreadsheet-based investment model for different forms of PPPs.  
Global Opportunities for Infrastructure Business
This course will be designed with an objective of positioning the infrastructure business in global context. The course will highlight the geographical spread of potential infrastructure opportunities, both on quality and quantity aspects, and take the participants through the Indian infrastructure players’ recent spurt of interest in the global infrastructure space such as the EPC market, petroleum, mining and natural resources. It will also discuss how the increasingly dependent and correlated status of key economies affect the global business environment, and how different countries with different structural and policy backgrounds perform in avoiding/managing adverse global risks. Identifying infrastructure business opportunities in such dynamic world requires a nuanced understanding of key elements of the global economy. The course will also highlight the socio-cultural as well as legal environments that prevail in the international setting. 
Action Learning Project (Term I, II, III, IV)
In addition to the courses mentioned above, participants will be expected to undertake a project through the terms. The project will require participants to integrate their learning from the different courses into a real-life project. The first term will involve identifying the project to be taken up and the subsequent terms will require substantial intellectual commitment and sustained efforts over time in completing the project. Participants will have the right to select a project addressing a specific challenge in their organization. Participants will be required to identify and scope the challenge and, then formulate and craft their strategy and work out an implementation plan through the programme. Ideally, the project should cut across core infrastructure operations and various functions, and must adopt an end-to-end view of an infrastructure business/enterprise. During this process, participants’ organizations and project mentors/advisors will provide timely and constructive feedback that can be leveraged by participants to develop an effective and realistic infrastructure leadership approach.
Participants would work in small groups to complete the project. They would be encouraged to work in small groups as the discussion in such groups will also contribute to the learning experience. However, these groups will be small, to ensure that all participants contribute to the effort meaningfully.