Description
Completing projects on time and within the agreed budget can only be achieved with a well robust project management skills by those involved in planning and managing projects. A thorough understanding of financial planning, monitoring and control is a key essential requirements for success in any projects delivery and this course is designed to provide participants with financial tools such as budgeting, mastering financial terminologies, evaluating financial risks, interpreting financial data and forecasting cash flow and final profit and loss on any project.
- Why is financial planning important in project management
- Understanding financial terminologies and basic concepts
- Understanding financial policies and their impact on project financial management- e.g prudence and consistency
- What is the difference between Revenue vs. Capital Expenditure
- What is the difference between cost and revenue
- What is depreciation and it impacts on project financial planning
- How does Value Added Tax impact project costings– an introduction
- Compiling the project cost budget and sensitivity analysis
- Compiling cashflow forecasts
- Financial evaluation of projects -Discounted Cashflow, Payback Period & Net Present Value Techniques
- Understanding project risk management techniques
- Financial monitoring of projects- variance analysis
- Controlling project changes and updating the financial plan
- Financial controls – purchases and income
- Contractual terms – the financial issues
- Summary – avoiding the common pitfalls
- What will I get out of it?
- Ability to evaluate the business case for any project
- Understanding of key financial terms and concepts
- Skills to create a cash flow forecast for a project
- Interpretation of project management accounts
BSS ONLINE COURSES
We design, develop and deliver business management training courses online as well as business startup courses. We have trained many business managers and aspiring managers to learn different types of business management skills and we pride ourselves in offering high quality contents.
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