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Good overview of corporate finance and analysis


Filipe Fernandes
Software Engineer
MODIS

Financial Management for Project and Contract Managers


Course information

Duration: 3 days
PDUs: 22.5

Course Fee:
£1495 excl. VAT
€2095 excl. VAT

 

Learn how to:

  • Communicate more effectively with accounting and financial personnel
  • Read, understand, and analyse accounting and financial data
  • Expand your work in project scheduling and cost control to encompass additional financial metrics and tools
  • Minimise project financial risk
  • Develop and apply tools for comparing project financial returns

Course Synopsis

In today’s world of increasing competition and focus on corporate earnings, project managers are held accountable not just for achieving technical and schedule goals, but also for meeting profitability and other financial goals. This course explores the financial metrics that are so commonly used and examines the not-so-obvious financial impact of typical operating decisions and actions. Building on competencies developed in the core management curriculum, you’ll examine the inner mechanics of how finance and accounting can impact your project.

You will learn about common financial analysis tools in the project environment that link project management to broader corporate strategic goals. Case studies and project related exercises give them the opportunity to apply these proven tools and techniques. You’ll see how finance often drives organisational decisions and evaluations of project performance. You’ll also learn how operating decisions regarding pricing, terms and conditions, and asset management directly and significantly affect the financial health of your organisation.

In addition to a comprehensive participant manual, participants will receive a free copy of Handbook of Financial Analysis, Forecasting & Modelling by Jae K. Shim.

Course Topics

  1. Fundamentals of Finance
    1. Financial accounting concepts
    2. Generally accepted accounting principles
    3. Reading and understanding financial statements
    4. Financial analysis
    5. Managerial accounting
    6. Business case consideration
    7. Cost vs. revenue
    8. Profitability measures
      • ROS
      • ROA/EVA
      • ROE
      • IRR
    9. ROS
    10. ROA/EVA
    11. ROE
    12. IRR
    13. Time value of money
    14. Discounted cash flows
    15. Direct vs. indirect costs
    16. Fixed vs. variable vs. semivariable costs
    17. Break-even analysis
  2. Contract Profitability – Pricing
    1. Pricing strategy and tactics
    2. Profit planning
    3. Cost estimating
    4. Cost-based pricing
    5. Market-based pricing
    6. Value-based pricing
    7. Profit objective
      • Market structure
      • Follow-on business
      • Risk
      • Z score
    8. Market structure
    9. Follow-on business
    10. Risk
    11. Z score
  3. Asset Management – Cash is King
    1. Cash
    2. Timing of cash flows
    3. Accounts receivable
    4. Inventory
    5. Equipment
    6. Revenue recognition
    7. Financing arrangements
  4. Terms and Conditions (Ts and Cs) – Best Prices
    1. Value, cost, and risk
    2. Asset-friendly Ts and Cs
    3. Unfavourable Ts and Cs
    4. Metrics to evaluate
  5. Cost Estimating – What Works Best
    1. Cost estimating methods
    2. Planning and scheduling
    3. Making sense of historical data
    4. Experience curves
    5. Relationship between cost estimating and pricing

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