Upcoming
- Business Analysis for Project Success 24 - 28 Jan 2021
- Management of Contracts and Contract Claims 24 - 28 Jan 2021
- E-Library Management Techniques 24 - 28 Jan 2021
- Flares and Relief Systems: Efficient Design, Safe Operation & Maintenance 24 - 28 Jan 2021
- The Art and Science of Professional Leadership 25 - 29 Jan 2021
- The Practical Leader: Developing and Leading High Performing Teams 31 - 04 Feb 2021
- Electric Submersible Pumps (ESPs) 31 - 04 Feb 2021
- Variable Frequency Drives (VFDs) 31 - 04 Feb 2021
- Principles, Applications and Performance of Pumps, Compressors and Turbines 31 - 04 Feb 2021
- Strategic Thinking and Leadership for Engineers 01 - 05 Feb 2021
- Health, Safety & Environment in Engineering Projects 07 - 11 Feb 2021
- Leadership and Management Skills for Supervisors 07 - 11 Feb 2021
- Electrical & Instrumentation Design, Installation & Operation: 07 - 11 Feb 2021
- Advanced Budgeting & Forecasting 07 - 11 Feb 2021
- Managing & Leading Strategic Communication 07 - 11 Feb 2021
- Logistic and Supply Chain 07 - 11 Feb 2021
- Effective Supply Chain, Warehouse and Inventory Management 07 - 11 Feb 2021
- Advanced Contracts Management 07 - 11 Feb 2021
- Engineering Electronic Document Management Systems (EDMS) 07 - 11 Feb 2021
- Designing Solutions to Complex Business Problems 14 - 18 Feb 2021
An Intensive 5-Day Training Course
Financial Management for Projects & Contracts
Date | Venue | Fees | CPE Credits | |
---|---|---|---|---|
21 - 25 Mar 2021 |
Dubai |
US $ 4,950 |
30 |
|
19 - 23 Sep 2021 |
Dubai |
US $ 4,950 |
30 |
INTRODUCTION
With increasing competition and focus on corporate earnings, project and contract managers are held accountable, not just for achieving technical and scheduling goals, but also for meeting profitability targets and other cost related measures.
This EuroMaTech Financial Management for Projects and Contracts training course explores the financial metrics that are commonly used and also examines the less frequently thought of financial impact of typical operating decisions and actions. Building on your competencies, you will examine the inner mechanics of how finance and accounting can impact your project.
By attending this EuroMaTech training course, delegates will understand:
- Key elements of finance and accounting relevant to good project and contract management
- Time value of money considerations and the importance of cash
- Evaluation criteria for Requests for Authorisation (RFA)
- Best practices to manage contact pricing
- Link risk to costing and performance evaluation
PROGRAMME OBJECTIVES
This Financial Management for Projects and Contracts training course aims to enable participants to achieve the following objectives:
- Communicate more effectively with accounting and financial personnel
- Read, understand, and analyse accounting and financial data
- Expand work in project scheduling and cost control to encompass additional financial metrics and tools
- Minimise project financial risk
- Develop and apply tools for comparing project financial returns
- Understand how finance often drives organisational decisions and evaluations of project performance
WHO SHOULD ATTEND?
This EuroMaTech training course provides a user-friendly environment to develop the knowledge and techniques of finance related to project and contract management that are valuable for:
- Project Professionals
- Project Managers
- Contract Professionals
- Commercial Executives
- Project and Contract Personnel who need to establish a firm understanding of finance would find this programme extremely beneficial
TRAINING METHODOLOGY
Delegates will learn by active participation during the training course through the use of exercises, case studies, practical workshops, syndicate and group discussions.
PROGRAMME SUMMARY
The successful management of projects and contracts require more than a basic understanding of financial matters. From the evaluation of proposal viability to monitoring of performance, the ability to see things from a financial perspective is a valuable addition to the skill collection of any Project or Contract Professional.
PROGRAM OUTLINE
Day 1 - Fundamentals of Finance
- Time value of money
- Discounted cash flows
- Direct vs. indirect costs
- Fixed vs. variable vs. semi-variable costs
- Break-even analysis
Day 2 - Contract Profitability - Pricing
- Pricing strategy and tactics
- Profit planning
- Cost estimating
- Cost-based pricing
- Market-based pricing
- Value-based pricing
Day 3 - Asset Management - Cash is King
- Cash
- Timing of cash flows
- Inventory
- Equipment
- Revenue recognition
- Financing arrangement
Day 4 - Risk Management, Terms and Conditions
- Managing Risk
- Scenario and Sensitivity Management
- Earned Value Analysis (EVA)
- Variance Analysis
- Contract Terms and Conditions
- INCOTERMS®2010
Day 5 - Cost Estimating - What Works Best
- Cost estimating methods
- Planning and scheduling
- Making sense of historical data
- Experience curves
- Relationship between cost estimating and pricing
- Using Excel® to analyse historical data
Do you wish
to participate
on this course?
VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on
goods and services from 01-January-2018. In compliance with the legislation issued
by the UAE Government, we will be applying a 5% VAT on the fees for all our programs
and services offered from January 2018 as applicable and stipulated in the FTA
circulars
Do you want to see
more courses?
Visit our program finder
Want this Seminar for
your Organisation?
Please let you know if you wish to conduct this seminar on an in-house basis
Get a proposal