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Financial management of projects and changes

Working on projects and changes has become an inseparable part of a professional’s work life. Successful development of a new product, its introduction on the market or the implementation of a new system all have a significant impact on companies’ future economic performance. The skill of financial management of projects and changes thus increases the probability of successful project completion as well as the likelihood of the expected benefits materializing.

The target group

The programme is primarily designed for leaders, senior managers, innovators, and customers. It is also suitable for change managers, project managers and project office staff.
With its focus based on the Executive MBA study level, the programme applies a strategic perspective to project and change management. The programme can also be considered a follow-up to Strategic Project and Change Management.

5 reasons you should choose this course

  • Learn the fundamental principles of company economy.
  • Understand the impact of project and change execution on company finances.
  • Learn to determine whether the expected benefits of projects/changes are realistic.
  • Master the skill of formulating the financial plan of a project and how to work with it.
  • Understand how to set the right metrics for a fairer system of rewarding people.
     

Course topics

Impact of working on projects and changes on company economy.

  • Basic company financial records and their mutual relations.
  • Usual financial operations and how they show in records.
  • Impact of project/change work on company economy.

Financial assessment of project and changes.

  • The relation between project and change and their benefits.
  • Determining expected project profitability.
  • Do we have enough money to execute the project/change in question?

Basic economic indicators and calculations.

  • Determining hourly rates and overheads of a company.
  • How does project and change execution translate into hourly rates and overheads.
  • Simple product calculation.

Financial planning and management of projects.

  • How to formulate the financial plan of a project and how to work with it.
  • The importance of indicators and how to set them up.
  • The essential “must-have“ components of regular project meetings.
  • How to encourage mutual collaboration.
  • The importance of fair rewarding in the context of project work and change implementation.

Methods used and what is included in the price 

Hands-on, interactive training built on elements of the SHINE school and time-tested practice in strategic and project management. Interactive training – presentation/instruction, individual and teamwork and guided discussion. The on-site practice of key techniques on selected case studies. Workshop-related fine-tuned materials for personal note-taking. Model solutions to case studies presented. Presentations are available in downloadable PDF format. Photos documenting flipchart work by trainers and participant teams available for download (after the course). Recommended literature.

Accredited! 

Internationally accredited for certification and re-certification according to IPMA® and PMI®. Participants receive a certificate validating the completion of  7,5 hours in training (PDUs). 

Custom made course

Trainers

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