Finance for Project Managers — A 2 day course
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.
By the end of this course delegates will be able to:
- 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
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.
Publicly scheduled dates, locations, and prices
A schedule of dates for this subject is not currently available. Please call 0333 210 0140 or use our contact form to enquire about places and availability.
Introductions and Expectations
An opportunity to familiarise delegates with the course content, desired outcomes and individual requirements
Legal Framework and Fundamental Accounting Principles
This session provides an overview of standards and accepted procedures
The Balance Sheet and Profit and Loss Account
This session explains the working of the P&L account and production of the Balance Sheet
Costs and Types of Costing
Costs are incurred and accounted in different ways. This session looks at the accepted categories and methods
Through Life Costing
This session looks beyond the project into the operational phase of the product and its financial performance
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
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