OVERVIEW

This Financial Management for Projects and Contracts training course explores the financial metrics that are commonly used and also examines the less frequently thought of financial impact of typical operating decisions and actions. Building on your competencies, you will examine the inner mechanics of how finance and accounting can impact your project.

With increasing competition and focus on corporate earnings, project and contract managers are held accountable, not just for achieving technical and scheduling goals, but also for meeting profitability targets and other cost related measures

OBJECTIVES

This Financial Management for Projects and Contracts training course aims to enable participants to achieve the following objectives: 

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

COURSE CONTENT

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 ,Term & 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 analyze historical data

*ceremony/certificate

WHO SHOULD ATTEND

  • Project Professionals
  • Project Managers
  • Contract Professionals
  • Commercial Executives
  • Project and Contract Personnel who need to establish a firm understanding of finance would find this program extremely beneficial.

METHODOLOGY

  • Face To Face
  • Role playing
  • Post session assessment
  • Video presentation
  • Case study

PERIOD

5 working days

LANGUAGE

  • English
  • Tetun
  • Indonesia