Training on Financial Management for Projects & Contracts
Date | Venue | Registrations |
---|---|---|
8th to 12th Jan 2024 | Nairobi | |
5th to 9th Feb 2024 | Mombasa | |
4th to 8th March 2024 | Nairobi | |
1st to 5th April 2024 | Istanbul | |
6th to 10th May 2024 | Nairobi | |
3rd to 7th June 2024 | Dubai | |
1st to 5th July 2024 | Nairobi | |
5th to 9th Aug 2024 | Nairobi | |
2nd to 6th Sept 2024 | Nairobi | |
7th to 11th Oct' 2024 | Mombasa | |
4th-8th Nov' 2024 | Nairobi | |
2nd to 6th Dec 2024 | Nairobi |
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