Financial Controls for Project Managers

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