PROJECT FINANCIAL MANAGEMENT FOR NON-FINANCE, 1st -2nd October 2024
- FINANCE
- 1st - 2nd October 2024
- BRUNEI DARUSSALAM
INTRODUCTION
Project Cost and Financial Management is concerned with the process of performing pre-project financial assessment, planning, creating and controlling the cost of a project or business. It includes activities such as planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget. Cost management covers the full cycle of a project from the pre-project assessment, initial planning phase towards measuring the actual cost performance and project completion. This course will explain the cost definition, process of calculating the project cost and Earn Value Analysis technique which is used to monitor the performance of the project cost in
This introductory program will help you to be more effective in your role and will give you a proven set of tools and techniques to use when managing projects in any industry; from initiation and planning through to execution and closeout, to help ensure project success.
This Course Include
- Access to our course materials
- Full lifetime access
- Certificate of Completion
CONTACT INFORMATION
- For more information, please contact the following Program Consultant:
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Ms. Emily / email: emily@cfrontier.com /
Tel: +60 16-843 6626
COURSE OBJECTIVES
At the end of this program, participants should be able to:
- Understand the benefits of good project cost control for successful project outcomes
- Describe a typical project cost management life cycle
- Explain the action required at each phase of the project cost management life cycle and understand the significance of each phase
- List the key attributes of cost necessary to understand and manage cost effectively
- Explain the key steps required to improve project estimates, budget and cost baselining, performance measurement and analysis, cost monitoring and control during project execution and interpreting and reporting project performance throughout a technical project life cycle
- Identify the correct method of financial assessment for a project and understand the formula, method of calculation and analysis of results.
- Identify types of cost, definition and financial terminologies used in a project.
- Specify key quantitative measures for determining the project performance using Earned Value Management (EVM)
- Perform effective variance analysis to identify deviations from the budget.
- Analyze management cost control reports and how to take corrective measures
- Understand Capital Budgeting and their application to Project Assessment and Selection Methods
