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Financial Planning for Executive Managers

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DateVenuePrice

Feb 16 2012 - Feb 27 2012LondonGBP 3,500
Mar 19 2012 - Mar 30 2012DubaiGBP 3,500
Jul 30 2012 - Aug 10 2012LondonGBP 3,500
Nov 05 2012 - Nov 16 2012DubaiGBP 3,500

Duration: 2 weeks

To arrange an alternative date for this course, please select the following:

Course Overview

“There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things.” Machiavelli’s thoughts on project management 500 years are equally relevant to anybody involved in delivering high value complex projects today.  And when the pressure is on capital funding project managers will increasingly find that they need a good understanding of the financial aspects of project management to cope with the responsibilities placed upon them to deliver value for money.  This intensive course provides the opportunity to cover the key financial aspects of project management and apply them to successful project management.

Course Objectives

  • Understand, analyse and interpret financial statements and use them as tools in assessing the financial strength of project proposals;
  • Understand the vital difference between profit and cashflow and how they provide two yardsticks for successful project delivery;
  • Master the key financial principles of planning and delivering a successful and profitable project

Course Outline

  • Accounting principles and financial statements:
  • Accounting concepts and principles
  • Measuring project performance objectives:
  • Public sector projects: cost benefit analysis and value for money concepts
  • Commercial project objectives: the risk and reward relationship
  • Using financial criteria to measure project success
  • Identifying Critical Success Factors and developing meaningful KPI’s
  • Working capital management and cashflow improvement:
  • Project financial basics:
  • The Time-Cost-Quality triangle
  • Making a business case for the project
  • Project cost estimation: three point method and Monte Carlo simulation
  • Project financial appraisal techniques:
  • Public and government sector project approval methods
  • Preparing winning project bids and proposals
  • Project budgeting and contingency funds
  • Monitoring and controlling project costs
  • Managing Risk

*Course fee is not inclusive of VAT

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