Financial Management for Project Development

This course will provide you with a systematic understanding of financial approaches to Project development and the role of finance and financial institutions. Students will be able to evaluate the merits of the various mechanisms of financing development and to understand the bases for financial policy. During the course you will develop the skills required for the analysis of Project development, and to understand and develop expertise on Planning and Budgeting, Project Management Basics, Annual reports writing and related economic matters. Additionally, students have the opportunity to study a range of options covering project and programme management, Monitoring, Auditing and Internal Control and development policy.

Objective

• Develop forecasts and monitor and control costs on projects
• Appreciate cash-flow and profit and how they are managed
• Differentiate between types of costs and costing methods
• State the principles of Value Management and Through Life Costing
• Assess the economic viability and commercial profitability of projects through investment appraisal
• Assess financial stability, profitability by preparing and analysing profit and loss accounts and balance sheets

Course outline

Day 1

• Project Management Basics
• Project cycle
• Project activities
• Planning and Budgeting

Day 2

• Annual reports
• Auditing and Internal Control
• Legal framework

Day 3

• Fundamental accounting principles
• The balance sheet
• Profit and loss account

Day 4

• Costs and types of costing
• Through life costing
• The monitoring

Day 5

• The cost control
• Value management
• Key financial ratios
• Investment appraisal