Public sector bodies are more than ever faced with limited resources, high levels of demand for public services and competing priorities for investment projects. So effective budgeting and control of budget execution and service delivery performance are essential to ensure that they make best use of their resources to achieve their objectives. This workshop focuses on the key financial and operational risks across the whole public financial management cycle i.e. budgeting, the execution of budgets and the delivery of services and including the role of auditors in ensuring that public sector bodies manage risks by exercising effective control over finances and services. At a time when the EU is embarking on a major modernisation of its infrastructure via the Investment Plan for Europe, it also sets out the main challenges in the appraisal, selection and financing of capital expenditure projects. The workshop aims to help you face the key challenges in your own environment, what to do at different stages of the process and how to do it, using the practical experience of experts who have faced these challenges.