Informa House
30-32 Mortimer St
London W1W 7RE
Tel: +44 (0)20 7017 7100

    

 

PMI members get 15% off this course. Valid membership number required.

 

Testimonial

Very impressed – high level of corporate knowledge and very professional.


Natalie White
Senior Clinical Research Scientist
Mitsubishi Pharma Europe Ltd.

Financial Management for Project and Contract Managers

Grasp how finance and accounting can impact your project


Course information

Duration: 3 days
PDUs: 22.5

Course Fee:
£1495 excl. VAT
€1795 excl. VAT

 

You will 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

With increasing competition and focus on corporate earnings, project managers are held accountable, not just for achieving implementation and scheduling goals, but also for meeting profitability targets and other costrelated measures. This course explores the financial metrics that are commonly used and also examines the less frequently thought of financial impact of operating decisions and actions. Building on competencies developed in the core management curriculum you will examine the inner mechanics of how finance and accounting can impact your project.

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 you the opportunity to apply these proven tools and techniques.

Understand how finance often drives organisational decisions and evaluations of project performance. Learn how the financial health of your organisation can be significantly affected by operating decisions regarding pricing as well as terms and conditions and asset management.

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
    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
      • Follow-on business
      • Risk
      • 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

Show All Topics

OpenCube