Finance For Project Managers

Description

• 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