One of the main attributes for modern Project Managers is the ability to manage and control the financial elements of their projects.  This one-day course will provide delegates with the elements required to, understand, control and report on the financial aspects of their projects.  It will cover the financial aspects to be included in the setting up of the Project, how these are monitored via the Business Case and Project Plan and then reported on.  It will utilise aspects of both Prince2 and APM and can therefore be a useful step on the road to formal qualification.

Who will benefit from this course

The course is aimed at delegates who are either working as project managers, working in a project team, or accounts personnel who provide financial support to the project. It is also ideal for Managers and project Team members who need to understand the financial aspects of a project and the effect this can have on the business.  As it follows the approach of both Prince2 and APM it will underpin the learning for delegates following those courses.

Key elements of the course 

• The structure of a Project including the Process elements and the Themes
• Incorporating Stages in the Project Plan
• Generating Costs from the Project Plan
• Setting Tolerance limits for overall costs
• The management of Tolerance limits within the Project as a key financial control
• Establishing Cost Benefit for the Project and its delivered Products
• Break Even and DCF methods of establishing return.
• Cost Benefit Comparison
• Monitoring the financial aspects of the Project through the Delivery phase
• Monitoring Cost Variance and projecting the position at Project Closure
• Actions on Project Variance
• The use of Earned Value Management
• Measures and method of calculation for EVM
• Projecting the position at Project Close using EVM
• Understanding the Project operational environment and its effect on the Project
• Planning for success

Course Details

This is a one-day, tutor led, on-line course the dates for which are set out on the Course Schedule. It can also be run as a tailored, company specific course either on-line or at an organisation’s premises.