Finance for Project Managers Training Courses
Financial decisions made by senior managers are often dependent on the data provided by project managers. The extent and timing of predicted costs and income are critical in cash flow management as is the accurate reporting of variance and predicted consequences.
This Finance for Project Managers course allows the project manager to see the story from the accountants’ perspective and highlights the importance of good planning and reporting in running a successful organisation.
Course Dates
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Finance for Project Managers Course Outline
Printable version of the Finance for Project Managers Course Outline
Learning Objectives
By the end of the course, delegates will:
- Be able to asses financial stability, profitability and productivity by preparing and analysing Profit and Loss Accounts and Balance Sheets
- Be able to develop forecasts and monitor and control costs on projects
- Be able to appreciate cash-flow and profit and how they are managed
- Be able to differentiate between types of costs and costing methods
- Be able to state the principles of Value Management and Through Life Costing
- Be able to assess the economic viability and commercial profitability of projects through investment appraisal
Materials
Delegates will receive:
Examination Structure
Not applicable
Who Should Attend/Pre-requisites
This course is aimed at project managers and/or support staff that need to have a thorough grounding in financial management and the provision of financial information (reporting) on projects.
Topics Covered - 2 Day
This highly interactive and participative course covers the following areas:
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Introductions and Expectations
An opportunity to familiarise delegates with the course content, desired outcomes and individual requirements
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Legal Framework and Fundamental Accounting Principles
This session provides an overview of standards and accepted procedures
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The Balance Sheet and Profit and Loss Account
This session explains the working of the P&L account and production of the Balance Sheet
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Costs and Types of Costing
Costs are incurred and accounted in different ways. This session looks at the accepted categories and methods
This session looks beyond the project into the operational phase of the product and its financial performance
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Budgeting, Monitoring and Cost Control
This session is concerned with the difference between what is predicted and what actually occurs and the management of the variances, including earned value analysis
‘At any price’ is not an acceptable concept and this session looks at the idea of achieving maximum benefit for minimum expenditure
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Key Financial Ratios and Investment Appraisal
This session explains what the published annual accounts tell us about company performance and looks at the tools used to ensure wise investment
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