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. This training course explores the financial metrics that are commonly used and also examines the less frequently thought of the 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.
• 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 • Minimise project financial risk • Develop and apply tools for comparing project financial returns • Understand how finance often drives organizational decisions and evaluations of project performance
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 seminar extremely beneficial.
Day One: Fundamentals of Finance
• Reading and understanding financial statements • Time value of money • Discounted cash flows • Direct vs. indirect costs • Fixed vs. variable vs. semi-variable costs • Break-even analysis