Project Management: Finance for Project Managers

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Course Overview

This one-day course has been designed to provide project managers with an understanding of the financial implications of their decisions and so enable them to improve the financial control and outturn of their projects.

Audience

Managers and staff involved in the preparation and monitoring of projects where there are financial issues and considerations.

Skills Gained

• The terminology explained
• Key aspects of financial control
• Financial budgeting for projects
• Evaluation and interpretation of financial data

Course Outline

• The need for financial planning
• Basic concepts
• Prudence & Consistency
• Revenue v Capital
• Cost and Revenue
• Depreciation
• Value Added Tax - an introduction
• Cost factors - the common pitfalls
• Discounts - assessing the impact
• Compiling the Project Cost Budget
• Compiling the Cash Flow Forecast
• Comparing Actual with Budget
• Costs to complete
• Controlling project changes
• Updating the Financial Plan
• Financial Controls - purchases and income
• Contractual terms - the financial issues
• Summary - avoiding the common pitfalls
• The course is supported by a detailed workbook which together with the practical exercises and model answers provided compiles into a useful, practical, post course reference guide.

Project Management: Finance for Project Managers / FPM