Training on Financial Management for Projects & Contracts




9th -13th Jan 2023


6th-10th Feb 2023


3rd-7th Apr 2023


5th -9th June2023


10th-14th July 2023


7th-11th Aug 2023


4th-8th Sept 2023


2nd-6th Oct 2023


11th-15th Dec 2023


Project and contract managers are now held responsible for exceeding not only technical and schedule objectives but also profitability targets and other cost-related benchmarks due to increased competition and a focus on corporate profits. The training on financial management for projects and contracts investigates the less usually considered financial effects of regular operating decisions and actions in addition to the commonly used financial indicators. You will investigate the inner workings of how finance and accounting might affect your project, building on your strengths.

Programme Objectives

  • Communicate more effectively with accounting and financial personnel
  • Develop and apply tools for comparing project financial returns
  • Expand work in project scheduling and cost control to encompass additional financial metrics and tools
  • Minimise project financial risk
  • Read, understand, and analyse accounting and financial data
  • Understand how finance often drives organisational decisions and evaluations of project performance


This training 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

Program Outline

Day 1 - Fundamentals of Finance

  • Time value of money
  • Discounted cash flows
  • Direct vs. indirect costs
  • Fixed vs. variable vs. semi-variable costs
  • Break-even analysis

Day 2 - Contract Profitability - Pricing

  • Pricing strategy and tactics
  • Profit planning
  • Cost estimating
  • Cost-based pricing
  • Market-based pricing
  • Value-based pricing

Day 3 - Asset Management - Cash is King

  • Cash
  • Timing of cash flows
  • Inventory
  • Equipment
  • Revenue recognition
  • Financing arrangement

Day 4 - Risk Management, Terms and Conditions

  • Managing Risk
  • Scenario and Sensitivity Management
  • Earned Value Analysis (EVA)
  • Variance Analysis
  • Contract Terms and Conditions

Day 5 - Cost Estimating - What Works Best

  • Cost estimating methods
  • Planning and scheduling
  • Making sense of historical data
  • Experience curves
  • Relationship between cost estimating and pricing
  • Using Excel® to analyse historical data
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