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Risk Management
Total risk management is the combination of all the elements of risk management into a consistent strategy...
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Training - Finance Courses
Finance for Project Manager
This program will lead delegates thorough the complete
financial life cycle of project from inception to project
close. Each state will provide project managers with the
understanding, skills and techniques for the successful
financial management of their projects.
Objectives
Prepare and present the business case and financial plans for
the project.
Gain assistance from company financial management staff
Effectively control project spend and cash flow
Monitor and report on project status in financial terms
Employ effective techniques to manage overspends
Plan to ensure that intended project benefits are realised in
financial terms
Successfully manage projects with tight budgetary constraints
Assess the financial impact of planned or under planned
changes to the project
Who Should Attend
Project managers, project directors and others who play a role
in the financial management of projects, including accountants
and finance professionals.
Course content
Day 1
Projects And Project Management Within A Financial Context
The financial and business drivers behind projects
Projects in the context of company finances and financial
management
The roles and responsibilities within project financial
management - financial managers, senior managers/directors,
the project manager and the team
Financial accountability within the project organisation
Identifying project "stakeholders" and their financial
interest in the project
Preparing The Business Case And The Project Proposal
How to prepare and present an business case for the project
Understanding investment, cash flow and budgets
Financial quantification of project benefits and pay back
Using different financial models for capital or resource
intensive projects, and for short and long term projects
Working with finance staff to assess and plan project funding
options
Operating within financial and budgetary constraints
Financial value assessment of project requirements
Understanding an quantifying hidden and indirect project costs
High level cost, cash flow, risk and contingency planning
Presenting the proposal and gaining approval for the project
Day 2
Financial Planning For Projects
Using the business case, the project plans and the Work
Breakdown Structure to build a detailed plan
Defining the financial planning horizon
Financial milestone planning - linking financial inputs and
outputs to key project deliverables
Developing cost estimates into a cost budget
Re-assessing the business case against the detailed plan
Identifying key cost control and financial reporting measures
Financial planning beyond the planning horizon: cost and
budget forecasting
Financial Control Of Projects
Understanding the key project measures in financial terms
Understanding earned value, budgeted cost, budgeted costs of
work performed and actual cost of work performed
Periodic project financial reporting
Key status indicators
Reporting actual spend
Defining new forecasts
Re-assessing risk contingency
Financial change control: impact assessment of changes to
project requirements
Minimising the variances to the financial plan
Controlling overspend by value management: re-assessing
requirement against actual cost
Project Completion And Financial Appraisal
Conducting a pre and post implementation financial appraisal
The financial close of the project
Creating an action plan for realisation of project benefit
Managing the realisation of benefit
Operational hand-over from a financial perspective
Duration: 2 day course
Price: £1100 |
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