Hodnocení efektivnosti investičního projektu

The purpose of this master thesis has been to comprehensively assess the effectiveness of the selected investment project iQFABLAB through the appropriate methods and simultaneously to carry out a sensitivity analysis of the selected efficiency indicator. The investment project is operated by IQLANDIA, o.p.s. and as it is a public benefit society, efficiency is evaluated in terms of both financial and socio-economic benefits. The life of the investment project is estimated at 4.5 years, so the calculations reflect the time horizon between years 2019 - 2023. The thesis consists of two integral parts. The first, theoretical chapter characterizes the basic elements of investment decision-making, great attention is paid to sources of funding, specifically to support from the structural and investment funds of the European Union. At the end of the first part, selected methods of efficiency evaluation are specified. The second chapter focuses on the practical side of the issue. First of all, the company IQLANDIA, o.p.s. is introduced, further the world-famous concept of FabLab is described and hereafter the attention is paid to the investment project iQFABLAB itself. From the provided data, all indicators are subsequently calculated and from the obtained results an overall evaluation of the investment project effectiveness is performed. The sensitivity analysis examines the effect of changes in cash receipts, capital expenditures and the discount rate on a selected efficiency indicator. The conclusion of the second chapter then outlines recommendations for possible improvements that should contribute to a more favourable future development of the investment project.