Back to Search Results

Training Course Summary:

Bringing a project in on time and to budget requires a particular skill set. To do it successfully you need to have a thorough understanding of the financial implications of the variables within your project. This course will enable you to set budgets, master terminology, evaluate risk, interpret data and forecast cash flow and final profit and loss on any project

Who Should Attend:

Managers and staff who wish to understand the financial issues and considerations involved in the preparation and monitoring of projects

Training Course Overview/Content:

• The need for financial planning
• Basic concepts
• Prudence and consistency
• Revenue vs. Capital
• Cost and revenue
• Depreciation
• Value Added Tax – an introduction
• Cost factors – the common pitfalls
• Discounts – assessing the impact
• Compiling the project cost budget
• Compiling the actual with budget
• Costs to complete
• Controlling project changes
• Updating the financial plan
• Financial controls – purchases and income
• Contractual terms – the financial issues
• Summary – avoiding the common pitfalls