Finance for Project Managers

This seminar explains the role of finance and activity-based cost accounting in the selection and initiation of new projects. It also shows how an understanding of finance helps with project planning and control to deliver successful, high-priority projects to operations. The focus is to give you the information needed to control the financial profitability of your projects and to ensure that your projects meet the strategic financial goals of your enterprise.

This course is specially designed for project managers and stakeholders who work with a portfolio of projects to broaden their understanding of financial concepts and how these concepts apply to decisions to invest in projects and the expected rates of return.

The course can be tailored to your company's specific training needs as an in-house solution. 

Learning outcomes

This course will help you to:

  • Review the basic tools and techniques of project management,
  • Understand the cost needs of the project team; how to plan, control and manage risks to the project’s baseline,
  • Discover the relationship of financial management and accounting principles to Portfolio, Program and Project Management,
  • Analyze financial statements, including income statement and balance sheet,
  • Learn how funds flow, working capital and cash flow relate to projects, and how cash flow is different from the project baseline,
  • Perform simple financial and project analyses,
  • Evaluate techniques for break-even analysis, leverage, capital budgeting, liquidity, activity ratios, profitability, and others,
  • Set strategic financial priorities in a portfolio of projects,
  • Understand the financial measurements for business performance.



  • Goals of financial management
  • Cash cycle of the enterprise
  • Reporting the results: the four financial statements
  • Overview of project and portfolio management
  • The project life cycle

Overview of project management planning tools and techniques

The importance of good planning

  • Project objectives and scope of work (SOW)
  • Work breakdown structure (WBS)
  • Project organization provides ownership
  • Network to find tasks on the critical path
  • Scheduling, using the WBS and the network
  • Applying resources and calculating the baseline budget
  • Controlling the project and reporting status

Principles of Activity-Based Cost (ABC) Accounting

  • Accounting books
  • Generally Accepted Accounting Practices (GAAP)
  • Revenue/Expense concepts
  • Accounting transaction analysis

Workshop: Participants are given a set of transactions and will determine the effect of these on assets, liabilities, and owner’s equity

Financial Statement Analysis

  • Income statement
  • Balance sheet
  • Understanding changes in owner’s equity and financial position: cash flows and working capital
  • Measurements of business performance: ratio analysis, bookings-to-backlog, ROI, ROTC, ROA, ROE, profitability and liquidity ratios.
  • Strategic financial analysis and portfolio management
  • Financing a project

Workshop: Participants will calculate key income statement ratios for a typical company. You will also analyze and make recommendations on capital structure, expenses, and ROI

Operational planning, break-even analysis, and risk management

  • Project transition to operations
  • Breakeven analysis
  • Project life cycle
  • Risk Management
  • Risk identification
  • Qualitative and quantitative risk analysis
  • The risk matrix
  • Risk responses
  • Monitoring and controlling risk

Capital budgeting and methods to evaluate cash flows

  • Factors affecting discount rates
  • Capitol budgeting
  • Accounting rate of return, ARR or ROI
  • Net present value (NPV)
  • Internal rate of return (IRR), hurtle rate
  • Payback period
  • Types of budgets
  • Overview of zero-based budgeting (ZBB)
  • Asset management
  • Inventory management, LIFO, weighted value, FIFO
  • Fixed assets and depreciation

Workshop: Investment decisions for a new project

Controlling the project

  • Controlling schedules and budgets
  • Organizational requirements for project control
  • Earned value metrics (EVM)
  • The value of real-time ABC for control
  • Example: application of earned value techniques

Workshop: on controlling a projectTrend analysis

  • Reporting and closing a project
  • Post Implementation Report (PIR), cost benefit analysis


Course Code COE5
Department Vocational Training
Instructor Dr. Dave Adkins, PMP, PE
Instruction Languages EN
Level Intermediate
Prerequisites A basic understanding of project management tools and techniques
Who should attend Project, program and portfolio managers as well as for team members and PMO staff
Certificate of AttendanceYes
Certification Track PMP
Continuing Education Credits 16 PDUs
Offered OnlineNo
Partner Institution Business Management Consultants
Last Update At: 2014/02/04 - 08:58:31


Worth Visiting 

 Hellenic American Union

Business Management Consultants

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is a registered mark of the
Project Management Institute, Inc.


Quality Standards

ISO 9001:2008 Certified


Operations and Vocational Training

Where to find us

Massalias 22, (7th floor)
10680 Athens
Business Programs: 2103680907, 2103680927
Fax: 2103633174




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