Project Financial Management

Introduction

This course focuses on managing financial aspects of projects, from planning through execution and close-out.

Objectives

• Manage project budgets and forecasts
• Control project costs effectively
• Monitor financial performance
• Improve financial reporting for projects

Target Audience

• Project managers and engineers
• Planning and cost control staff
• Finance and contracts professionals

5-Day Scientific Program

Day 1

• Project financial lifecycle
• Cost estimation fundamentals
• Budget development
• Financial governance

Day 2

• Cost control and tracking methods
• Earned value concepts
• Variance analysis
• Forecast updates

Day 3

• Cash flow management in projects
• Payment milestones
• Financial risks in projects
• Mitigation strategies

Day 4

• Change management and financial impact
• Claims and variations (financial perspective)
• Reporting and approvals
• Stakeholder communication

Day 5

• Case studies
• Lessons learned
• Project finance toolkit
• Improvement action plan