With increasing competition and focus on corporate earnings, project and contract managers are held accountable, not just for achieving technical and scheduling goals, but also for meeting profitability targets and other cost related measures.
This training session explores the financial metrics that are commonly used and also examines the less frequently thought of financial impact of typical operating decisions and actions. Building on your competencies, you will examine the inner mechanics of how finance and accounting can impact your project.
About Course
By attending this programme, delegates will understand:
- Key elements of finance and accounting relevant to good project and contract management
- Time value of money considerations and the importance of cash
- Evaluation criteria for Requests for Authorisation (RFA)
- Best practices to manage contact pricing
- Link risk to costing and performance evaluation
This programme provides a user-friendly environment to develop the knowledge and techniques of finance related to project and contract management that are valuable for:
- Project Professionals
- Project Managers
- Contract Professionals
- Commercial Executives
- Project and Contract Personnel who need to establish a firm understanding of finance would find this programme extremely beneficial
This programme aims to enable participants to achieve the following objectives:
- Communicate more effectively with accounting and financial personnel
- Read, understand, and analyse accounting and financial data
- Expand 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
- Understand how finance often drives organisational decisions and evaluations of project performance