Finance for Project Managers

Course details

The language of management ultimately translates into money. Project managers need to be financially literate. They need not be experts, but need to be able to interpret figures and understand what lies behind them.

This course is delivered on an in-house basis only.

What this course will give you

This course teaches project managers the core fundamentals of finance and accounting in a way that is clear and understandable, allowing for easy translation to your real situations.

You will gain a practical understanding of how to use financial data to inform and impact the decision-making process. You can apply the content of the programme to your own project or managerial circumstance to make more informed decisions within your organisation.

Learning Outcomes

• Feel confident with finance professionals and ask relevant questions
• Use practical ratios and measurement tools (key indicators) to
• assess both company and individual project performance
• Understand the balance sheet and profit & loss accounts
• Profitability
• Understand the concept of accrual accounting and its relevance to operational and project accounting
• Liquidity
• Understand the cash flow statement and differentiate between
• profit and cash flow
• Efficiency & Gearing
• Distinguish between capital and operating expenditure
• Break-even analysis
• Understand the meaning of working capital
• Prepare proposed project financial evaluations using established Cost Benefit Analysis techniques