/  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
    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
  • London
    1 - 1 - 2023
    5 - 1 - 2023
  • Dubai
    8 - 1 - 2023
    12 - 1 - 2023
  • Paris
    8 - 1 - 2023
    12 - 1 - 2023
  • Kuala Lumpur
    15 - 1 - 2023
    19 - 1 - 2023
  • Istanbul
    22 - 1 - 2023
    26 - 1 - 2023
  • Dubai
    22 - 1 - 2023
    26 - 1 - 2023
  • Paris
    22 - 1 - 2023
    26 - 1 - 2023
  • London
    5 - 2 - 2023
    9 - 2 - 2023
  • Dubai
    5 - 2 - 2023
    9 - 2 - 2023
  • Paris
    5 - 2 - 2023
    9 - 2 - 2023
  • Istanbul
    12 - 2 - 2023
    16 - 2 - 2023
  • Dubai
    12 - 2 - 2023
    16 - 2 - 2023
  • Paris
    12 - 2 - 2023
    16 - 2 - 2023
  • Kuala Lumpur
    19 - 2 - 2023
    23 - 2 - 2023
  • Dubai
    26 - 2 - 2023
    2 - 3 - 2023
  • Paris
    26 - 2 - 2023
    2 - 3 - 2023
  • Dubai
    5 - 3 - 2023
    9 - 3 - 2023
  • Paris
    5 - 3 - 2023
    9 - 3 - 2023
  • Kuala Lumpur
    12 - 3 - 2023
    16 - 3 - 2023
  • Istanbul
    19 - 3 - 2023
    23 - 3 - 2023
  • Dubai
    19 - 3 - 2023
    23 - 3 - 2023
  • Paris
    19 - 3 - 2023
    23 - 3 - 2023
  • London
    26 - 3 - 2023
    30 - 3 - 2023
  • Kuala Lumpur
    2 - 4 - 2023
    6 - 4 - 2023
  • Istanbul
    9 - 4 - 2023
    13 - 4 - 2023
  • Dubai
    9 - 4 - 2023
    13 - 4 - 2023
  • Paris
    9 - 4 - 2023
    13 - 4 - 2023
  • London
    16 - 4 - 2023
    20 - 4 - 2023
  • Dubai
    16 - 4 - 2023
    20 - 4 - 2023
  • Paris
    16 - 4 - 2023
    20 - 4 - 2023
  • Dubai
    23 - 4 - 2023
    27 - 4 - 2023
  • Paris
    23 - 4 - 2023
    27 - 4 - 2023
  • Kuala Lumpur
    7 - 5 - 2023
    11 - 5 - 2023
  • Istanbul
    14 - 5 - 2023
    18 - 5 - 2023
  • Dubai
    14 - 5 - 2023
    18 - 5 - 2023
  • Paris
    14 - 5 - 2023
    18 - 5 - 2023
  • Dubai
    21 - 5 - 2023
    25 - 5 - 2023
  • Paris
    21 - 5 - 2023
    25 - 5 - 2023
  • London
    28 - 5 - 2023
    1 - 6 - 2023
  • London
    4 - 6 - 2023
    8 - 6 - 2023
  • Dubai
    4 - 6 - 2023
    8 - 6 - 2023
  • Paris
    4 - 6 - 2023
    8 - 6 - 2023
  • Dubai
    11 - 6 - 2023
    15 - 6 - 2023
  • Paris
    11 - 6 - 2023
    15 - 6 - 2023
  • Kuala Lumpur
    18 - 6 - 2023
    22 - 6 - 2023
  • Istanbul
    25 - 6 - 2023
    29 - 6 - 2023
  • Dubai
    25 - 6 - 2023
    29 - 6 - 2023
  • Paris
    25 - 6 - 2023
    29 - 6 - 2023
  • Istanbul
    2 - 7 - 2023
    6 - 7 - 2023
  • Dubai
    2 - 7 - 2023
    6 - 7 - 2023
  • Paris
    2 - 7 - 2023
    6 - 7 - 2023
  • Kuala Lumpur
    9 - 7 - 2023
    13 - 7 - 2023
  • Kuala Lumpur
    16 - 7 - 2023
    20 - 7 - 2023
  • London
    23 - 7 - 2023
    27 - 7 - 2023
  • Dubai
    6 - 8 - 2023
    10 - 8 - 2023
  • Paris
    6 - 8 - 2023
    10 - 8 - 2023
  • Kuala Lumpur
    13 - 8 - 2023
    17 - 8 - 2023

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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