Project Financial Management
This course will enable you to:
- Understand the various stages of planning and implementing a project
- Predict and prevent problems during a project
- Review, revise and update financial models
- Anticipate revised outcomes and report them to management
As a finance manager you are familiar with creating budgets, forecasts and monitoring against a budget. But do you have what it takes to take on the financial management of a project?
This course provides an overview of the role and responsibilities of a project finance team throughout the different stages of planning and implementing a project. It explores how you anticipate and prevent problems that may arise during the course of a project, and result in overruns and helps you recognise time delays that could prove costly.
It looks at a range of techniques that are useful to the project finance team throughout the different stages of a project. You will end up with a set of tools you will need to review, revise and update financial models, anticipate revised outcomes and report to management.
Approaches and documentation
- What is the role of a project finance team?
- Why do projects fail?
- What are the main approaches to project management?
- What is a project initiation document?
- What is a project management plan?
- What is a work breakdown structure?
- What are the inputs and outputs of the WBS?
- What should a completed WBS include?
- What do you need to consider if the project is a joint venture?
Cost estimates and budgets
- Why should the finance team evaluate tenders?
- Why is it important to communicate with the technical team?
- What is a cost management plan?
- What do you need to consider when estimating costs?
- How do you review the reliability of cost estimates?
- How do you prepare budgets?
- What calculations do you need to know?
- How do you account for the cost of funding the project?
- What do you need to know about the project management software?
Time management and delays
- Why is time management important?
- What is a Gantt chart?
- What is critical path analysis?
- What are the key components of a CPA diagram?
- How do you draw a CPA diagram?
- How do you deal with time delays?
- What is the critical chain method?
- How might the critical chain method affect costs?
- What is a reason code analysis?
- What are the financial effects of time delays?
Risk, uncertainty and financial performance
- What are the principles of managing risk and uncertainty?
- What is the Monte Carlo analysis?
- What are key performance indicators?
- How should you manage financial information?
- What is earned value management?
- How do you monitor cash flow?
- What are the overall objectives of the finance project team?
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