Advanced Accounting Budgeting and Finance for Project Manager #252009

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This 5-day intensive course equips project managers with the advanced financial acumen necessary for successful project delivery and organizational success. Participants will gain a deep understanding of key accounting principles, budgeting techniques, and financial management strategies specifically tailored to the unique demands of project environments

Upon successful completion of this course, participants will be able to:
• Understand key accounting principles and their application to project finance.
• Develop and manage project budgets effectively, including cost estimation, budgeting methods, and variance analysis.
• Perform financial analysis of project performance, including earned value analysis, cash flow forecasting, and return on investment (ROI) calculations.
• Identify and mitigate financial risks associated with project execution.
• Make informed financial decisions that optimize resource allocation and maximize project profitability.
• Communicate financial information effectively to stakeholders, including senior management and clients.
• Integrate financial considerations into all phases of the project lifecycle.
• Enhance their decision-making abilities by leveraging financial data and analysis.

This course is designed for experienced project managers, aspiring project managers, and other professionals involved in project management, including:
• Project Managers
• Project Engineers
• Program Managers
• Project Controls Specialists
• Financial Analysts
• Business Analysts
• Anyone involved in project planning, execution, and monitoring

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a binder containing a copy of the presentation
• slides and handouts
• Post-assessment

• Key Accounting Principles and Concepts
• Financial Statements: Balance Sheet, Income Statement, Cash Flow Statement
• Cost Accounting Principles: Direct Costs, Indirect Costs, Overhead
• Project Costing Methods: Activity-Based Costing (ABC), Target Costing

• Developing Project Budgets: Top-down vs. Bottom-up Approaches
• Cost Estimation Techniques: Parametric Estimating, Analogous Estimating, Three-Point Estimation
• Building a Project Budget: Identifying and Quantifying Costs
• Risk and Uncertainty Analysis in Budgeting

• Earned Value Management (EVM): Principles and Calculations
• Cost Variance Analysis and Schedule Variance Analysis
• Tracking and Controlling Project Costs
• Forecasting and Budget Revisions

• Project Financial Analysis: Return on Investment (ROI), Net Present Value (NPV)
• Risk Management and Financial Risk Mitigation Strategies
• Cash Flow Management and Forecasting
• Financial Reporting and Communication

• Contract Management and Pricing Strategies
• Project Finance for Large-Scale Projects
• Using Technology for Project Financial Management (e.g., Project Management Software, Financial Modeling Tools)
• Case Studies and Real-World Applications
• Q&A and Wrap-up Session

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