Postaudit investičního projektu

Abstract

An aim of diploma thesis is an investment project postaudit realized by the company MSA, a.s. The thesis is divided into three separate parts. A theoretical one is focused on basic information relating to investments and investment decision-making. It specifies the parameters influencing the investments, method of investment effectiveness, risk in decision-making as well as theoretical base for investment postaudit. The second part of thesis presents the results that were quantified by MSA, a.s. within the range of investment project evaluation before investment commissioning. It concerns mainly expected sales, costs and values necessary for the determination of cash flow and current net project value. A practical part refers to the application of investment postaudit that is realized after three-year investment operation. Within the postaudit, there are compared the expected values with real ones achieved. A pyramid structure of current net value on the basis of cash flow is applied for a risk factor analysis and a sensitivity analysis is used for quantification of individual factor influence on final net value.