Course Description

Financial Management for projects and contracts is a financial metrics that is used to examine the less frequently thought of financial impact of typical operating decisions and actions. 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 course will help to build once competencies and inner mechanics of how finance and accounting can be of impact in any project.

Course Objectives:

At the end of this course, delegates will able to:

• Communicate more effectively with accounting and financial personnel
• Develop and apply tools for comparing project financial returns
• Identify how finance often drives organizational decisions and evaluations of project performance
• Analyse, read, understand accounting and financial data
• Evaluate work in project scheduling and cost control to encompass additional financial metrics and tools

Course Content:

• Fundamentals of Finance
• Time value of money
• Discounted cash flow
• Direct vs. indirect costs
• Fixed vs. Variable vs. semi-variable costs
• Break-even analysis
• Pricing strategy and tactics
• Profit planning
• Cost estimating
• Cost-based pricing
• Market-based pricing
• Asset Management – Cash is King
• Risk Management, Terms and Conditions
• Managing risk
• Scenario and sensitivity management
• Earned value analysis
• Variance analysis
• Contract terms and conditions
• Cost estimating methods
• Planning and scheduling
• Making sense of historical data
• Experience curves
• Relationship between cost estimating and pricing
• Using excel to analysis historical data

Who Should Attend?

• Project Professionals
• Project Managers
• Contract Professionals
• Commercial Executives
• Project and contract personnel who need to establish a firm understanding of finance would find this programme extremely beneficial

Delivery Method: Exercises, case studies, practical workshops, syndicate and group discussions.

Venue:  

Fee: 

Duration: 1 week

Course Date: November 14th-18th, 2022