Projects are essentially about managing
change. Once the initial stage of winning or setting up the project has
subsided, the important task of managing it becomes central. Examples
are abound of projects sliding from being potentially profitable into
producing a real loss because of poor financial control and ill-judged
responses by management. Our Business Acumen for Project Managers
two-day program demystifies the important aspects of finance
and financial control specifically in relation to managing projects and
enable managers to understand how they can make more informed decisions.
Participants learn:
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How to read and interpret financial statements
to gain insight into a company's financial well-being.
- How projects create value for vendors and clients.
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Time Value of Money concepts used to measure and compare the financial performance of projects both internally and externally.
- How to determine a project's break even point.
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How to prepare a financial business case to justify an investment in a project.
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How to prepare and monitor project financial budgets.
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How to manage project financial risk.
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Frequent key benefits of this program include:
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Improved project budgetary control - through an improved understanding of the financial impact of decisions and an ability to monitor and act on project budget variances.
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An ability to evaluate the business case
for any project - through an ability to determine a project's
cash flows and an understanding of discounted cash flow analysis techniques.
- Improved risk mitigation - through
an ability to conduct risk and sensitivity analysis.
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This program includes:
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Pre-course reading materials. This provides course
participants with a head start when the subject matter is completely
new to them.
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Ad-hoc email and telephone support for six months
following course completion. This helps participants apply their newly
acquired skills in day-to-day business activities.
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A one-year license for each participant to use the ROI AdvantageTM business case development software tool.
Additional services available:
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