Project Management Institute

Financial Management 6 & 7: Financial Controls, Monitoring & Project Budgeting

Description

Cash flow is the life blood of your firm and lack of cash is the primary cause in 92 percent of all bankruptcies. Increasing cash flow, managing cash, and using cash to your best advantage is as important to your business as superior architecture or design work. This 1-hour online course gives you the knowledge you need to choose a budget method that will control your firm's project costs.

What You Will Learn

  • Clearly define the factors critical to establishing a project budget
  • Avoid common project budgeting pitfalls across all budget methods
  • Effectively prepare subconsultants' contracts for your project budgets
  • Develop a project expenditure curve to monitor manpower requirements, schedule, and budget status
  • Utilize worksheets and sample rate calculations
  • Monitor manpower utilization, revenues, project completions, and overruns
  • Protect your firm against careless record keeping and dishonest employees
  • Design an annual business plan designed to meet your short-term goals
  • Use financial performance indicators as a motivating tool for good performers
  • Utilize worksheets and sample rate calculations

Who Should Take This Course

Project managers, functional managers, senior managers, team leaders, sales management, customer account representatives, business analysts, project sponsors, portfolio managers, program managers, instructors
 

Course Information

PDUs
1
CEUs
0.1
Level
Intermediate
Member Price
US$45.00
Non-Member Price
US$65.00

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