Description

Project Accounting and Finance Skills: In-House Training

Do you manage both project schedules and budgets, but do not have insight into how actual results relate to the approved budget? Do you desire to have more clarity about the relationship between your project's performance with the accounting and financial systems in your organization? Do you need to understand financial and accounting terminology to bridge the gap between the 'world of finance' and the 'world of project management?

Organizations have a need to manage-by-projects, because projects are the means to deliver on strategic goals and objectives. Therefore, the project manager must have an understanding of the financial world of investments to ensure the organization will realize expected business value. This requires a foundation in the principles of accounting and finance to comprehend how the project's contribution provides an organization with a competitive advantage. Learn what you must do to give your organization the assurance it needs that its investment in your project will realize business value.

Learn what you must do to give your organization the assurance it needs to know that its investment in your project will realize business value.

What You Will Learn

At the end of this program, you will be able to:

Explain the aspects of classical corporate accounting and finance effects on managing projects

Determine how your project fits into the corporate income statement, balance sheet, and cash flow statement

Analyze the financial aspects of managing projects

Use earned value management as the basis for decision making throughout the project life

Recognize the importance of the project manager's financial responsibilities

Focus on what PMs do and should be doing, in support of accounting and finance

Use financial information within a project environment to meet financial results

Track and analyze the project's financial status and forecast with the goal of realizing benefits

Generate work performance data to ensure a project's outcome aligns with financial metrics

Foundation Concepts

Accounting and Finance Terms and Concepts

Accounting and Finance Essentials

Financial Terms and Concepts

Projects as Financial Investments

Overview of 'Two Worlds'

Project as Investments

Accounting and Finance World: Standards, Principles and Practices

Accounting and Finance Standards and Principles

Accounting and Finance Practices

Capital Budgeting

Corporate Budgeting

Accounting and Finance World: Economic Project Selection Methods

Economic Project Selection Methods

Economic Project Selection and the Business Case

Project Management World

Project Management and Financial Controls

Project Management and Work Performance Data

Project Management and Earned Value Management

Project Management and Work Performance Reporting

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Project Accounting and Finance Skills: In-House Training

By IIL Europe Ltd

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