/  Financial Management for Projects and Contracts Training

Financial Management for Projects and Contracts Training

BMC Training provides a training course in Financial Management for Projects and Contracts in Finance , Accounting and Budgeting

Course Title
Venue
Start Date
End Date
  • Istanbul
    3 - 7 - 2022
    7 - 7 - 2022
  • Dubai
    3 - 7 - 2022
    7 - 7 - 2022
  • Paris
    3 - 7 - 2022
    7 - 7 - 2022
  • Kuala Lumpur
    10 - 7 - 2022
    14 - 7 - 2022
  • Rome
    10 - 7 - 2022
    14 - 7 - 2022
  • Barcelona
    10 - 7 - 2022
    14 - 7 - 2022
  • Zurich
    10 - 7 - 2022
    14 - 7 - 2022
  • Kuala Lumpur
    17 - 7 - 2022
    21 - 7 - 2022
  • Rome
    17 - 7 - 2022
    21 - 7 - 2022
  • Barcelona
    17 - 7 - 2022
    21 - 7 - 2022
  • Zurich
    17 - 7 - 2022
    21 - 7 - 2022
  • London
    24 - 7 - 2022
    28 - 7 - 2022
  • Madrid
    24 - 7 - 2022
    28 - 7 - 2022
  • Berlin
    24 - 7 - 2022
    28 - 7 - 2022
  • Dubai
    7 - 8 - 2022
    11 - 8 - 2022
  • Paris
    7 - 8 - 2022
    11 - 8 - 2022
  • Kuala Lumpur
    14 - 8 - 2022
    18 - 8 - 2022
  • Rome
    14 - 8 - 2022
    18 - 8 - 2022
  • Barcelona
    14 - 8 - 2022
    18 - 8 - 2022
  • Zurich
    14 - 8 - 2022
    18 - 8 - 2022
  • Istanbul
    21 - 8 - 2022
    25 - 8 - 2022
  • Dubai
    21 - 8 - 2022
    25 - 8 - 2022
  • Paris
    21 - 8 - 2022
    25 - 8 - 2022
  • London
    28 - 8 - 2022
    1 - 9 - 2022
  • Madrid
    28 - 8 - 2022
    1 - 9 - 2022
  • Berlin
    28 - 8 - 2022
    1 - 9 - 2022
  • Dubai
    28 - 8 - 2022
    1 - 9 - 2022
  • Paris
    28 - 8 - 2022
    1 - 9 - 2022
  • Kuala Lumpur
    4 - 9 - 2022
    8 - 9 - 2022
  • Rome
    4 - 9 - 2022
    8 - 9 - 2022
  • Barcelona
    4 - 9 - 2022
    8 - 9 - 2022
  • Zurich
    4 - 9 - 2022
    8 - 9 - 2022
  • Dubai
    11 - 9 - 2022
    15 - 9 - 2022
  • Paris
    11 - 9 - 2022
    15 - 9 - 2022
  • London
    18 - 9 - 2022
    22 - 9 - 2022
  • Madrid
    18 - 9 - 2022
    22 - 9 - 2022
  • Berlin
    18 - 9 - 2022
    22 - 9 - 2022
  • Istanbul
    25 - 9 - 2022
    29 - 9 - 2022
  • Dubai
    25 - 9 - 2022
    29 - 9 - 2022
  • Paris
    25 - 9 - 2022
    29 - 9 - 2022
  • Istanbul
    2 - 10 - 2022
    6 - 10 - 2022
  • Dubai
    2 - 10 - 2022
    6 - 10 - 2022
  • Paris
    2 - 10 - 2022
    6 - 10 - 2022
  • London
    9 - 10 - 2022
    13 - 10 - 2022
  • Madrid
    9 - 10 - 2022
    13 - 10 - 2022
  • Berlin
    9 - 10 - 2022
    13 - 10 - 2022
  • Dubai
    9 - 10 - 2022
    13 - 10 - 2022
  • Paris
    9 - 10 - 2022
    13 - 10 - 2022
  • Dubai
    16 - 10 - 2022
    20 - 10 - 2022
  • Paris
    16 - 10 - 2022
    20 - 10 - 2022
  • Kuala Lumpur
    23 - 10 - 2022
    27 - 10 - 2022
  • Rome
    23 - 10 - 2022
    27 - 10 - 2022
  • Barcelona
    23 - 10 - 2022
    27 - 10 - 2022
  • Zurich
    23 - 10 - 2022
    27 - 10 - 2022
  • Dubai
    6 - 11 - 2022
    10 - 11 - 2022
  • Paris
    6 - 11 - 2022
    10 - 11 - 2022
  • London
    13 - 11 - 2022
    17 - 11 - 2022
  • Madrid
    13 - 11 - 2022
    17 - 11 - 2022
  • Berlin
    13 - 11 - 2022
    17 - 11 - 2022
  • Istanbul
    20 - 11 - 2022
    24 - 11 - 2022
  • Dubai
    20 - 11 - 2022
    24 - 11 - 2022
  • Paris
    20 - 11 - 2022
    24 - 11 - 2022
  • Kuala Lumpur
    27 - 11 - 2022
    1 - 12 - 2022
  • Rome
    27 - 11 - 2022
    1 - 12 - 2022
  • Barcelona
    27 - 11 - 2022
    1 - 12 - 2022
  • Zurich
    27 - 11 - 2022
    1 - 12 - 2022
  • London
    4 - 12 - 2022
    8 - 12 - 2022
  • Madrid
    4 - 12 - 2022
    8 - 12 - 2022
  • Berlin
    4 - 12 - 2022
    8 - 12 - 2022
  • Dubai
    4 - 12 - 2022
    8 - 12 - 2022
  • Paris
    4 - 12 - 2022
    8 - 12 - 2022
  • Istanbul
    11 - 12 - 2022
    15 - 12 - 2022
  • Dubai
    11 - 12 - 2022
    15 - 12 - 2022
  • Paris
    11 - 12 - 2022
    15 - 12 - 2022
  • Dubai
    18 - 12 - 2022
    22 - 12 - 2022
  • Paris
    18 - 12 - 2022
    22 - 12 - 2022
  • Kuala Lumpur
    25 - 12 - 2022
    29 - 12 - 2022
  • Rome
    25 - 12 - 2022
    29 - 12 - 2022
  • Barcelona
    25 - 12 - 2022
    29 - 12 - 2022
  • Zurich
    25 - 12 - 2022
    29 - 12 - 2022

Intorduction

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 training session 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.

Objectives

  • Communicate more effectively with accounting and financial personnel
  • Read, understand, and analyse accounting and financial data
  • Expand your 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

Day One

Fundamentals of Finance

  • Financial accounting concepts
  • Generally accepted accounting principles
  • Reading and understanding financial statements
  • Financial analysis
  • Managerial accounting
  • Business case consideration
  • Cost vs. revenue
  • Profitability measures
  • ROS
  • ROA/EVA
  • ROE
  • IRR
  • Time value of money
  • Discounted cash flows
  • Direct vs. indirect costs
  • Fixed vs. variable vs. semi-variable costs
  • Break-even analysis

Day Two

Contract Profitability - Pricing

  • Pricing strategy and tactics
  • Profit planning
  • Cost estimating
  • Cost-based pricing
  • Market-based pricing
  • Value-based pricing
  • Profit objective
    • Market structure
    • Follow-on business
    • Risk
    • Z score
  • Market structure
    • Follow-on business
    • Risk
    • Z score

Day Three

Asset Management - Cash is King

  • Cash
  • Timing of cash flows
  • Accounts receivable
  • Inventory
  • Equipment
  • Revenue recognition
  • Financing arrangements

Day Four

Terms & Conditions (Ts & Cs) - Best Prices

  • Value, cost, and risk
  • Asset-friendly Ts and Cs
  • Unfavourable Ts and Cs
  • Metrics to evaluate

Day Five

Cost Estimating What Works Best

  • Cost estimating methods
  • Planning and scheduling
  • Making sense of historical data
  • Experience curves
  • Relationship between cost estimating and pricing

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