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Project, Contract & Procurement Seminars


Financial Management for Projects & Contracts


REF: P4092  DATES: 24 - 28 Nov 2019  VENUE: Barcelona (Spain)  FEE: 4500 

Overview:

With increasing competition and focus on corporate earnings, project and contract managers are held accountable, not just for achieving technical and scheduling goals, but also for meeting profitability targets and other cost related measures.

This training session explores the financial metrics that are commonly used and also examines the less frequently thought of financial impact of typical operating decisions and actions. Building on your competencies, you will examine the inner mechanics of how finance and accounting can impact your project.

PROGRAMME OBJECTIVES

  • Communicate more effectively with accounting and financial personnel.
  • Read, understand, and analyse accounting and financial data.
  • Expand your work in project scheduling and cost control to encompass additional financial metrics and tools.
  • Minimise project financial risk.
  • Develop and apply tools for comparing project financial returns.
  • Understand how finance often drives organisational decisions and evaluations of project performance.

PROGRAMME SUMMARY:

  • Learn about common financial analysis tools in the project environment that link project management to broader corporate strategic goals. Case studies and project-related exercises give you the opportunity to apply these proven tools and techniques.
  • Learn how the financial health of your organisation can be significantly affected by operating decisions regarding pricing as well as terms and conditions and asset management.

PROGRAMME OUTLINE:

DAY 1 - Fundamentals of Finance:

  • Financial accounting concepts.
  • Generally accepted accounting principles.
  • Reading and understanding financial statements.
  • Financial analysis.
  • Managerial accounting.
  • Business case consideration.
  • Cost vs. revenue.
  • Profitability measures.
  • ROS.
  • ROA/EVA.
  • ROE.
  • IRR.
  • Time value of money.
  • Discounted cash flows.
  • Fixed vs. variable vs. semi-variable costs.
  • Direct vs. indirect costs.
  • Break-even analysis.

DAY 2 - Contract Profitability - Pricing:

  • Pricing strategy and tactics.
  • Profit planning.
  • Cost estimating.
  • Cost-based pricing.
  • Market-based pricing.
  • Value-based pricing.
  • Profit objective.
  • Market structure.
  • Follow-on business.
  • Risk.
  • Z score.
  • Market structure.
  • Follow-on business.
  • Risk.
  • Z score #.

DAY 3 - Asset Management - Cash is King

  • Cash.
  • Timing of cash flows.
  • Accounts receivable.
  • Inventory.
  • Equipment.
  • Revenue recognition.
  • Financing arrangements.

DAY 4 Terms & Conditions (Ts & Cs) - Best Prices:

  • Value, cost, and risk.
  • Asset-friendly Ts and Cs.
  • Unfavourable Ts and Cs.
  • Metrics to evaluate.

DAY 5 - Cost Estimating What Works Best:

  • Cost estimating methods.
  • Planning and scheduling.
  • Making sense of historical data.
  • Experience curves.
  • Relationship between cost estimating and pricing.
COURSE DATES
24 - 28 Nov 2019
COURSE REF
P4092
VENUE
Barcelona (Spain)
COURSE FEE
4500 

COURSE REF: P4092

Financial Management for Projects & Contracts

Barcelona (Spain)

COURSE DATES: 24 - 28 Nov 2019
COURSE FEE: 4500 

BOOKING INQUIRY
 

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