PROJECT MANAGEMENT FINANCIAL METHODS


COURSE DESCRIPTION:     Project Managers frequently express concern about their lack of understanding of accounting and finance and how this impedes their progress when writing project feasibility studies and business cases.

This seminar will provide practical and understandable financial information techniques to complete Cost Benefit Analysis, Project Expense Summaries and financial alternatives.



LEARNING OUTCOMES:    As a result of this learning opportunity participants will:

   Understand the basic financial requirements for monitoring and controlling a Project Budget
   Learn the importance of Timely and Accurate Financial Reports   - i.e.: Project Expense Summaries
   Learn how to Assess the Economic Health of the Project
   Learn Financial Techniques to support budget side of the Project and the Steering Committee level.

LEARNING ENVIRONMENT:    Classroom
DURATION:    Two business days
COURSE SIZE:    The ideal / maximum number of participants is 24
PRE-REQUISITES:       Introduction to Project Management
 


COURSE CONTENT:

DAY ONE

Morning:
   Project Management Overview
   Financial Reporting Standards for Projects
   Standard Financial Techniques
   Cash Flow Analysis
   Break Even Analysis
   Calculating NPV
   Financial Ratios
   Financial Case Study - Individual Exercise

Afternoon:
   Cost Benefit Analysis
   Quantifiable Costs
   Quantifiable Benefits
   Sample Cost / Benefit Analysis to support the Propose Project Outline
   Cost / Benefit Case Study - Group Exercise


DAY TWO

Morning:
   Monitoring the Project Budget by Phase
   Negotiating Project Resources with the Sponsor
   Completing the Phase Expenses Summary Reports
   Operating Budgets, Capital Budgets and Cash Budgets
   Expense Summary - Case Study

Afternoon:
   Developing Project Costs - alternatives and opportunities
   Completing the Financials for a Business Case
   Tracking Project Costs on the Gantt Chart
   ABC Company Financial Simulation - Group Exercise
   Debriefing and Solution Set



COURSE CLOSURE:

   Question and Answer Period
   Course Evaluation
   Closing Remarks

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PAPE MANAGEMENT CONSULTING SERVICES INC.       
Toronto, Ontario        Victoria, British Columbia       
Email: davidpape@papeconsulting.com
© Copyright 2008 Pape Management Consulting Services Inc.              Images © Copyright 2008 Stephen J. Pape