Project Financial Management

Overview

Effective financial management lies at the heart of the management of special projects. Such projects succeed when their finances are effectively managed. This course has been designed to teach participants the skills for managing the finances of projects.

Who to Attend

Senior and Middle Level Management Staff responsible for managing the finances of special projects; and private accounting practitioners.

Objectives

The objectives of the course are, to:

Enable participants to understand, analyse, interpret and use financial statements.
Enable participants use profit and cash flow as tools for measuring project success.
Stimulate participants to apply the new knowledge for effective project management.

Outline

Accounting Principles and Financial Statements.
Mastering Project Performance Objectives.
Public Sector Projects: Cost-Benefit Analysis, and Value for Money Concepts.
Commercial Project Objects: the Risk and Reward Relationship.
Using Financial Criteria to Measure Project Success.
Identifying Critical Success Factors and Developing Key Performance Indicators (KPls).
Working Capital Management and Cash Flow Improvement.
The Time-Cost-Quality Triangle.
Project Finance Basics.
Making a Business Case for the Project.
Project Cost Estimation.
Project Finance Appraisal Techniques Public Sector Project Approval Methods.
Preparing Winning Project Bids and Proposals.
Project Budgeting and Contingency Funds.
Monitoring and Controlling Project Costs.