An Understanding of Project Finances
Understanding the Financial aspects of
projects, including approval and control, is a key skill for the project
manager and project teams. Project failure can often be attributed to poor
financial appraisal, estimating and controlppraisal, estimating and control
Aim
The course focuses on project finance throughout the life cycle. Participants will achieve an understanding of the fundamental principles of accounting, reviewing balance sheets, profit and loss accounts and key financial ratios. This will enable managers to make strategic decisions to meet project objectives and business needs whilst controlling the projects finances.
Attendance
The course is designed for all project personnel, including managers requiring an in-depth knowledge of the financial aspects of projects and Project Management
Topics covered
- Legal Framework
- Fundamental Principle
- The Balance Sheet
- Assets
- Liabilities
- Loans and Debentures
- Joint Ventures
- Shareholders Funds
- Profit and loss
- Valuations
- Long Term Contracts
- Cost Management
- Project Controls
- Cost Catagories
- Value Management
- Ratio Analysis
- Investment Appraisal Methods
- Capital
- Payback Methods