Training on Financial Management for Projects & Contracts

Date

Venue

Fees

Registrations

3rd -7th Jan 2022

Nairobi

$1000

7th-11th Feb 2022

Nairobi

$1000

4th-8th Apr 2022

Nairobi

$1000

6th-10th May 2022

Nairobi

$1000

4th-8th July 2022

Nairobi

$1000

1st-5th Aug 2022

Nairobi

$1000

5th-9th Sept 2022

Nairobi

$1000

7th-11th Nov 2022

Nairobi

$1000

5th-9th Dec 2022

Nairobi

$1000

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

WHO SHOULD ATTEND?

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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