Financial Management for Projects and Contracts

Financial Management for Projects and Contracts


Choose from the following table the course date which you would like to attend the course on :

Sart
End
Fees
Venue
Length
18-Mar-2018
22-Mar-2018
7500$
Istanbul (Turkey)
One Week
Click Here
25-Mar-2018
29-Mar-2018
4700$
Dubai (UAE)
One Week
Click Here
18-Mar-2018
22-Mar-2018
6950$
Paris (France)
One Week
Click Here
1-Apr-2018
5-Apr-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
29-Apr-2018
3-May-2018
5700$
London (UK)
One Week
Click Here
13-May-2018
17-May-2018
7500$
Istanbul (Turkey)
One Week
Click Here
20-May-2018
24-May-2018
4700$
Dubai (UAE)
One Week
Click Here
13-May-2018
17-May-2018
6950$
Paris (France)
One Week
Click Here
24-Jun-2018
28-Jun-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
3-Jun-2018
7-Jun-2018
5700$
London (UK)
One Week
Click Here
1-Jul-2018
5-Jul-2018
7500$
Istanbul (Turkey)
One Week
Click Here
22-Jul-2018
26-Jul-2018
4700$
Dubai (UAE)
One Week
Click Here
1-Jul-2018
5-Jul-2018
6950$
Paris (France)
One Week
Click Here
19-Aug-2018
23-Aug-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
12-Aug-2018
16-Aug-2018
5700$
London (UK)
One Week
Click Here
23-Sep-2018
28-Sep-2018
7500$
Istanbul (Turkey)
One Week
Click Here
2-Sep-2018
6-Sep-2018
4700$
Dubai (UAE)
One Week
Click Here
23-Sep-2018
28-Sep-2018
6950$
Paris (France)
One Week
Click Here
14-Oct-2018
18-Oct-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
7-Oct-2018
11-Oct-2018
5700$
London (UK)
One Week
Click Here
18-Nov-2018
22-Nov-2018
7500$
Istanbul (Turkey)
One Week
Click Here
25-Nov-2018
29-Nov-2018
4700$
Dubai (UAE)
One Week
Click Here
18-Nov-2018
22-Nov-2018
6950$
Paris (France)
One Week
Click Here
2-Dec-2018
6-Dec-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
23-Dec-2018
27-Dec-2018
5700$
London (UK)
One Week
Click Here
27-Jan-2019
31-Jan-2019
7500$
Istanbul (Turkey)
One Week
Click Here
6-Jan-2019
10-Jan-2019
4700$
Dubai (UAE)
One Week
Click Here
27-Jan-2019
31-Jan-2019
6950$
Paris (France)
One Week
Click Here
10-Feb-2019
14-Feb-2019
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
3-Feb-2019
7-Feb-2019
5700$
London (UK)
One Week
Click Here

Intorduction

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.

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

Day One

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
  • Direct vs. indirect costs
  • Fixed vs. variable vs. semi-variable costs
  • Break-even analysis

Day Two

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 Three

Asset Management - Cash is King

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

Day Four

Terms & Conditions (Ts & Cs) - Best Prices

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

Day Five

Cost Estimating What Works Best

  • Cost estimating methods
  • Planning and scheduling
  • Making sense of historical data
  • Experience curves
  • Relationship between cost estimating and pricing

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