Scope
Module 1: Introduction to Project Finance
In Module 1, participants will be introduced to the fundamental concepts of project finance and understand its importance in project management. They will explore the role of finance in project management, recognizing how financial decisions impact project success. Key financial terminology and concepts will be covered to establish a solid foundation for the subsequent modules.
Module 2: Financial Planning and Budgeting
Module 2 focuses on financial planning and budgeting throughout the project lifecycle. Participants will learn the process of developing a project budget, including estimation, allocation, and control of financial resources. Cost management techniques and strategies will be explored to ensure effective budgeting. Additionally, participants will gain insights into budget variance analysis and corrective actions to maintain financial control.
Module 3: Financial Analysis for Project Managers
Module 3 delves into financial analysis, enabling participants to interpret and analyze financial statements within the context of project management. They will explore ratio analysis, including liquidity, profitability, and solvency measures, to assess project performance. Participants will also learn techniques for evaluating project profitability and return on investment (ROI). Furthermore, financial modeling techniques will be introduced to aid in decision-making processes.
Module 4: Risk Assessment and Management
In this module, participants will understand the financial perspective of project risk assessment and management. They will learn to identify and assess financial risks associated with projects, employing both quantitative and qualitative analysis methods. Strategies for risk response, including mitigation, transfer, acceptance, and avoidance, will be explored. Participants will gain insights into monitoring and controlling financial risks throughout the project lifecycle.
Module 5: Financial Planning and Forecasting
Module 5 focuses on financial planning and forecasting techniques in project management. Participants will learn how to forecast financial aspects of projects, including cash flow projections and sensitivity analysis. They will explore financial indicators used to evaluate project performance and make necessary adjustments to project plans based on financial forecasts.
Module 6: Financial Reporting and Communication
In this module, we emphasize on effective communication of financial information to stakeholders. Participants will gain skills in interpreting and presenting financial reports and metrics in a clear and concise manner. They will also gain an understanding of financial compliance and regulatory requirements. The module will cover stakeholder engagement and collaboration on financial matters to ensure effective communication and alignment.
Module 7: Post-Project Financial Evaluation
Module 7 focuses on conducting post-project financial evaluations and learning from project outcomes. Participants will learn how to conduct post-project reviews and assess project success from a financial perspective. They will analyze the financial impact of project outcomes and identify areas for improvement in future projects based on the evaluation findings.
Module 8: Case Studies and Real-World Examples
Module 8 provides participants with the opportunity to analyze real-life project finance scenarios through case studies from various industries and project types. Practical exercises and group discussions will be conducted to encourage active learning and application of concepts. Participants will learn from both successful and failed projects, gaining valuable insights and lessons for their own project management finance endeavors.
By the end of this course, non-finance managers will possess the confidence and competence to navigate the financial aspects of project management successfully. They will be equipped with the skills to effectively communicate with finance professionals, contribute to financial discussions, and align project objectives with financial goals.
Join us on this transformative journey and unlock your potential as a non-finance manager in project management finance.
