Financial Management For Project Managers

Project Managers have a duty of care to manage their project’s finances in a prudent and transparent manner as the company’s assets are at stake. It is therefore the responsibility of a project manager to ensure sound financial management and forecasting of project outcomes over the life of the project to meet the business case objectives laid out in the Project Charter.

It is a comprehensive and practical course on Financial Management for PMs that will help them sequentially plan and maintain the finances of the project or program. This experiential course is completely hands-on and will give participants the expertise to maintain project profitability and performance.

Starting from how to build a business case you will go on to learn about cost estimating, risk contingency expected monetary value and overall management of the project using Earned Value Management.

Audience Profile:

This course is apt for project managers and any other team member responsible for managing the budget and finances of a project.

At Course Completion:

• After completing this course, students will be able to:
• To control project finances and make informed decisions regarding estimating and overall costing
• Overall project cost management and how to prepare business cases, estimate costs and prepare project budgets
• To effectively communicate to team and stakeholders about project finances

Modules:

• Initiating a Project
• Preparing a Business Case
• Benefits of a Business Case
• Financial Selection Methods
• Traps to Avoid
• Non-Financial Criteria
• Financing Your Project
• Cost Management
• Estimate Costs
• Preparing a Project Budget
• Tracking and Controlling Costs
• Earned Value Management