If you already own Sapag Chain, Izar offers a complementary, more concise view on private financial evaluation. If you own Baca Urbina, Izar is a step up in rigor. "Gestión y Evaluación de Proyectos" (Juan Manuel Izar) in PDF format is a no-nonsense, mathematically rigorous toolkit for mastering project feasibility from a financial standpoint. It will not teach you how to lead a project team, but it will teach you how to build a cash flow, calculate a WACC, and defend your NPV against skeptical investors.
Unlike theoretical treatises, Izar peppers each chapter with mini-cases based on real-world Ibero-American industries (manufacturing, services, and agribusiness). The PDF format allows you to keep these cases open on one screen while working through the math on another. The exercises are cumulative—you will build a complete project evaluation from scratch by the final chapters. gestion y evaluacion de proyectos juan manuel izar pdf
Most introductory books stop at NPV/IRR. Izar dedicates significant space to análisis de sensibilidad , punto de equilibrio , and even introduces probabilistic risk assessment using simple distributions. This is critical because it teaches the reader that a project is not a static spreadsheet but a dynamic system vulnerable to changes in sales volume, cost of capital, or raw material prices. If you already own Sapag Chain, Izar offers
Izar writes like the professor he is. Sentences are long, definitions are formal, and there is little hand-holding. The PDF can feel intimidating to undergraduates or practitioners without a solid foundation in basic algebra and financial accounting. You will need to work through the examples with a calculator or Excel open. It will not teach you how to lead