Financial Controls for Project Managers
Financial Controls for Project Managers
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It all comes back to the money – understand what you need, convince stakeholders to provide it, and control what you have. |
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Seminar Description
It’s all about the money. Every business owner knows it. Every public service needs it. And to project managers it’s one of the triple constraints: scope, time – and cost. The one we don’t like talking about because it’s often too hard.
In fact, preparing, agreeing and then tracking a project budget can be one of the project manager’s big nightmares:
- “What are those Finance people on about?” – Comprehend financial concepts and jargon
- “How much will it really cost?” – Build confidence in the accuracy of your budget and risk estimates
- “How much have we spent?” – Build simple cost controls into your project status tracking process
This practical workshop outlines the key elements of estimating project costs, developing a project budget and planning for effective cost control. Through attending this workshop you will gain insight and obtain practical tools to improve your capability in all three areas. The workshop is designed to demystify the financial components of projects, and inspire and motivate project managers to take ownership of their budgets, and reap the rewards of financial control. An integrated case study has been designed to give practical insight into project cost management.
Learning Objectives
On successful completion of this workshop, participants will:
- Have increased financial literacy
- Understand financial aspects of project management
- Understand the importance of knowing the cost of the project to date
- Be able to identify factors that hide real cost
- Have practical tools to track real cost
- Receive tips on communicating cost related issues
Target Audience
This seminar is aimed at project and line managers who have financial responsibility over their project- and departmental budgets.
Date: 14 November and 21 November 2020
Duration of Session: 4 hour session on 14 November 2020
4 hour session on 21 November 2020
Price: $350 for PMI Members
$450 for Non-PMI Members
It is no longer possible to register for this event
