Posted on: 15 March, 2019
Application deadline: June 14, 2019

9th edition of the Milan Summer School on Cost-Benefit Analysis, Palazzo Greppi, University of Milan, Italy, 9-13 September


The school offers an intensive and participative learning experience focused on the appraisal (Cost-Benefit Analysis, CBA) of major infrastructure projects, with a focus on those applying for co-financing under the European Structural and Investment Funds in the programming period 2014-2020. The structure of the school reflects the need to provide an overview and introduction to principles and methods of CBA along with a more in-depth understanding of sectoral applications.


At the end of the programme, participants will be able to understand the principles and methods of CBA, the specificities of its sectoral application, and to assess the completeness and quality of a project dossier.


Lecturers are experts with a longstanding experience in designing, implementing and reviewing CBA of infrastructure projects. The Faculty includes, amongst others, analysts 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. Lecturers and invited speakers come from the following institutions: University of Milan, CSIL, TPLAN, European Commission, European Court of Auditors, INEA, Jaspers and the Central Project Management Agency of Lithuania. To know more about them see the Lecturers and speakers page.


The CBA Summer School has been designed to allow participants to acquire a solid background in different aspects:

  • the general CBA principles and methods (how to design and run a financial, economic, sensitivity and risk analysis),
  • to get an in-depth knowledge of its sectoral application (the typical benefits to consider by sector and the techniques used most frequently to evaluate them) as well as
  • to learn how to efficiently review the quality of a CBA and improve it (practice on real-life cases).

The duration of the attendance can be adjusted depending on availability and specific interest of attendees:

  • The full course (5 days) is the best solution for those who want to be acquainted with both a solid background on CBA and an applied experience on real-life cases.
  • A shorter (of 3 or 4 days) attendance is also possible. Participation only to the first three days of the school (9-11 September 2019)– focusing on the general principles and methods of the CBA – or four days (9-12 September 2019) with an additional day on sectoral applications, allows not investing a full week if not feasible.
  • The Friday morning session ‘The use of Cost-Benefit analysis in different institutional and policy settings’ is open also to external participants and can be attended as a stand-alone seminar of one day.

The course combines face-to-face (lectures and presentations) and hands-on sessions (practices) During the application process; participants will be invited to indicate their preferred sector amongst the following: Environment, Transport or RDI. Since the first day of the school, they will be divided in groups to practice on the application of CBA in the chosen sector (Days 1-3), to review the quality of a real CBA (Day 4) and to report the results (Day 5). The last day will feature contributions from the EU and national institutions reporting on the use and relevance of CBA in practice. Participants of the school will present results of the work carried out during the hands-on sessions and will have a discussion with invited speakers.

To know more, read about our lecturers and invited speakers, or see the Draft Programme


The school is principally designed for professionals and practitioners involved in design, preparation, assessment and implementation of investment projects in the framework of EU Cohesion Policy, including desk officers from the European Commission, the European Investment Bank, civil servants (managing authorities, intermediate bodies, etc.) in 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. A mixed audience with practitioners coming from different organisations is particularly welcome. Fore more information, see the Structure and content page.


CBA Summer School (9-13 September 2019) EUR 2,600 Early-bird fee* EUR 2,100
CBA general principles and methods and 1 day of sectoral applications – Days 1-4 (9-12 September 2019) EUR 2,500 Early-bird fee* EUR 1,950
CBA general principles and methods – Days 1-3 (9-11 September 2019) EUR 1,950 Early-bird fee* EUR 1,500
“The use of Cost-Benefit analysis in different institutional and policy setting” (morning session of the 13th of September 2019) EUR 90

(*) Deadline for early bird registrations (from public sector and universities): 30 April 2019

*from public sector and universities only


Former participants said: “This was the best training I have participated.” “Excellent balance between face to face and hands-on sessions.” “It was very useful and with focus on practical application.” “All speakers are interesting and highly qualified.” “It was very useful, comprehensive and intensive.” “The school was very professional and well organized”. “Would recommend to colleagues.” “A lot of practical cases and examples from various sectors, which helped to have an overall approach”. “I am satisfied. In particular, the lectures were useful and well summarised”.

Original website