Financial Management For Project Development

This course will provide a systematic understanding of financial approaches to Project development and the role of finance and financial institutions. Students will be able to evaluate the merits of the various mechanisms of financing development and understand the basis for financial policy. 

During the course, you will develop the skills required for the analysis of Project development and to understand and develop expertise in Planning and Budgeting, Project Management Basics, Annual reports writing and related economic matters.

As an Authorised Training Partner of the PMI, after completing this course, you will earn 20 PDU hours, which can be used towards maintaining your status with PMI. The breakdown of hours is shown below in the Talent Triangle. You can find more details about our course with the PMI using the course identifier LTFEPMI06.

Objective:

• Develop forecasts and monitor and control costs on projects
• Appreciate cash flow and profit and how they are managed
• Differentiate between types of costs and costing methods
• State the principles of Value Management and Through Life Costing
• Assess the economic viability and commercial profitability of projects through investment appraisal
• Assess financial stability, and profitability by preparing and analysing profit and loss accounts and balance sheets

Course Outline:

• Day 1
•   Project Management Basics
•   Project cycle
•   Project activities
•   Planning and Budgeting
• Day 2
•   Annual reports
•   Auditing and Internal Control
•   Legal framework 
• Day 3
•   Fundamental accounting principles
•   The balance sheet  
•   Profit and loss account
• Day 4
•   Costs and types of costing
•   Through life costing
•   The monitoring 
• Day 5
•   The cost control
•   Value management
•   Key financial ratios 
•   Investment appraisal