Description

About The Course:

With increasing competition and focus on corporate earnings, project and contract managers are held accountable, not just for achieving technical and scheduling goals, but also for meeting profitability targets and other cost related measures.

This training session explores the financial metrics that are commonly used and also examines the less frequently thought of financial impact of typical operating decisions and actions. Building on your competencies, you will examine the inner mechanics of how finance and accounting can impact your project.

Learn about common financial analysis tools in the project environment that link project management to broader corporate strategic goals.  Case studies and project-related exercises give you the opportunity to apply these proven tools and techniques.

Learn how the financial health of your organisation can be significantly affected by operating decisions regarding pricing as well as terms and conditions and asset management.

Course Objectives:

Upon Completion of the Course, Participants will be able to:

• Communicate more effectively with accounting and financial personnel
• Read, understand, and analyse accounting and financial data
• Expand your work in project scheduling and cost control to encompass additional financial metrics and tools
• Minimise project financial risk
• Develop and apply tools for comparing project financial returns
• Understand how finance often drives organisational decisions and evaluations of project performance.

TARGET PARTICIPANTS

Anyone working within the projects and contracts departments who need to establish a firm understanding of Finance would find this training session extremely beneficial.  Take advantage of this opportunity to get a firm grasp of the financial management issues that can affect your projects.

Training Methodology:

The Course will be highly participative and will include a wide range of methods including presentations, discussions, videos, case studies and exercises. Where appropriate, these will include real issues brought to the Course by delegates.

Case studies from different industries will be investigated. Each delegate will receive an extensive reference manual, as well as case studies, while worked out solutions will be handed out to the delegates on conclusion of group discussions.

To ensure the concepts introduced during the course are understood, they will be reinforced through a mix of learning methods, including lecture style presentation, open discussion, case studies, simulations and group work.