- Course Topics
- Client testimonials
Who the course is for:
- Project Managers
- Team Leaders
- Project Team Members
By the end of this course, you will be able to:
- Communicate more effectively with accounting and financial personnel
- Read, understand and analyze accounting and financial data
- Expend your work in project scheduling and cost control to encompass
- Minimize project financial risk
- Develop and apply tools for comparing project financial returns
- Useful and readily applicable tools
- Consistent professional terminology in the field of project management
- An international expert available for consultation (during and after the training course)
- Sharing experience with other participants and opportunity for business networking
- A prestigious certificate from George Washington University
- Improving your business English skills
- Bilingual training materials with additional reference materials
Students will receive certyficate of course completion signed by MT&DC as PMI® Global Registered Provider.
Our courses give knowledge needed to prepere for PMP® and other PMI's exams.
Recommended books from our Bookstore:
To a great extent, project management boils down to managing project finances. It is important that a person responsible for overall project performance not only understand and properly interpret financial figures, but also be an expert in using techniques for financial management.
In today's world of increasing competition and focus on corporate earnings, project managers are held accountable not just for achieving technical and schedule goals, but also for meeting profitability and other financial goals. This course explores the financial metrics that are commonly used and examines the not-so-obvious financial impact of typical operating decisions and actions. Building on competencies developed in the core management curriculum, you'll examine the inner mechanics of how finance and accounting can impact your project.
1. Fundamentals of Finance
- a. Financial accounting concepts
- b. Generally accepted accounting principles
- c. Reading and understanding financial statements
- d. financial analysis
- e. Managerial accounting
- f. Cost vs. revenue
- g. Profitability measures
- h. Time value of money
- i. Discounted cash flows
- j. Direct vs. indirect costs
- k. Fixed vs. variable vs. semivariable costs
- l. Break-even analysis
2. Contract Profitability - Pricing
- a. Pricing strategy and tactics
- b. Profit planning
- c. Cost estimating
- d. Cost-based pricing
- e. Market-based pricing
- f. Value-based pricing
- g. Pricing tactics
- h. Profit objective
- Market structure
- Follow-on business
- i. Liquidity ratios
- j. Z score
3. Asset Management - Cash is King
- a. Cash
- b. Timing of cash flows
- c. Accounts receivable
- d. Inventory
- e. Equipment
- f. Revenue recognition
- g. Financing arrangements
4. Terms and Conditions (Ts And Cs) - Best Practices
- a. Value, cost and risk
- b. Asset-friendly Ts and Cs
- c. Unfavorable Ts and Cs
- d. Metrics to evaluate
5. Cost Estimating - What Works Best
- a. Cost estimating methods
- b. Planning and scheduling
- c. Making sense of historical data
- d. Experience curves
- e. Relationship between cost estimating and pricing
No client testimonials about this training
- IIBA® , BABOK® and Business Analysis Body of Knowledge® are registered trademarks owned by International Institute of Business Analysis.
- CBAP® and CCBA® are registered certification marks owned by International Institute of Business Analysis.
- Endorsed Education Provider, EEP and the EEP logo are trademarks owned by International Institute of Business Analysis.
- PMI is a registered mark of the Project Management Institute, Inc.
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc
- PMBOK is a registered mark of the Project Management Institute, Inc.
- PMP and PMI-ACP are registered marks of the Project Management Institute, Inc.
Type of training
ph. +48 607 368 182