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Business Skills for Project Managers and Business Analysts

Budget and Financial Management course


It was a real good training course. I will be looking forward to joining more training courses with your esteemed company.

Field Maintenance Manager, Ericsson


Interesting and practical

Project Manager, Energoprojekt


Great course, lots of information regarding finance in my project & hope to attend more courses in future with ESI

Project Manager, Security Control Company


My expectations with regard to the information and documentation were met. In addition, I appreciated the exchange of experiences with the other participants and also found the expert knowledge from teacher are most helpful. This gives you the opportunity to compare with your current professional work and also to take lessons learned from other projects/companies “back home"

Project Office, European Central Bank

Understand the links between budgets and finance, and meet the increasing demand to show how your projects or departments contribute to your organisation’s bottom line.

In a global business environment, employees are increasingly tasked with responsibilities outside of their traditional job roles. Finance is the fastest growing area where senior managers are looking to department staff and leaders for insight, understanding and recommendations. This course will help you understand the “macro” big picture and “micro” line item context and trends of finance—as well as the mechanics of developing budgets. Whether your goal is to stay on budget, increase overall cost-savings or meet specific profitability targets, real-world exercises will help you become familiar with standard financial documents, and use budget and estimating methods and tools more effectively. Specifically, you’ll review and discuss commonly used financial metrics to not only understand the numbers, but also to explore the not-so-obvious financial impacts of typical operating decisions and actions—from a project to organisational level. After completing this course, you’ll know how to gather, compile and prioritise financial data to develop, execute and manage a budget.

Recommendation: Please bring a calculator to class.

Is this course for me?

This course is for technical and skilled professionals who need to understand the role of accounting and financial management principles within projects.

What will I learn?

  • Utilise ESI’s Mindset Model to understand how finance and accounting influence management decisions
  • Ask the right questions to successfully create, present, monitor and manage a budget
  • Persuasively negotiate for financial resources
  • Communicate financial information and results to stakeholders, executives, colleagues and project teams
  • Correlate budget success with its presentation in financial reports
  • Recognise the relationships between primary financial statement line items by calculating and examining relevant financial ratios

What is included in the price?

Pre-course assessment tools

All Digital Course Materials

Food and Refreshments

Post course reinforcement training

Online tools and templates

Career coach

Does this course help me towards certification/accreditation?

What topics will be covered in the course?

Click an individual topic title to expand/contract it or
Expand All Topics | Contract All Topics

  1. Strategic Focus and Drivers
    1. Identifying and examining strategy
    2. Business trends
      • Mergers and acquisitions
      • Aggressive asset management
      • Outsourcing
      • Legislative and regulatory scrutiny
      • Balanced scorecard
  2. Managing Stakeholder Expectations
    1. Identify and analyse stakeholders
    2. Getting buy-in
  3. The Basics of Finance
    1. Financial basics
    2. Accounting
    3. Costs, profits and profitability
    4. Financial statements
      • Balance sheets
      • Income statements
      • Cash flow statements
  4. Budgeting Skills
    1. Budgeting basics
    2. Budget cycles
    3. Budgeting processes: planning, approving, managing and reporting
    4. Budget elements
    5. Gather and categorise
    6. Prioritise
    7. Develop initial estimates
    8. Compile and total estimates
    9. Perform tradeoffs
    10. Finalise initial budget for approval
  5. Presenting a Budget for Approval
    1. Communicating budgets to decision makers
    2. Negotiating for resources
  6. Managing and Reporting Budget and Financial Results
    1. Monitoring performance
      • Variances
      • Earned value technique
    2. Taking corrective action
    3. Budget reporting
    4. Closing out budgets
    5. Revenue recognition

Available as customised in-house training

Let us bring our classes to you! Our in-house training are ideal for groups of 10 or more people. We can provide Off-the-shelf training in the form of our classic courses, or we can provide bespoke training, tailored to your organisational goals and objectives. Find out more here.

Why choose us?

What sets us apart from many other training companies is that we guide you through your entire learning journey.  We work together with you to assess your skills gap, map out your individual learning path and offer you the resources to then help you reinforce and adopt new tools and techniques learnt from your training and apply them to your daily work. Find out more.