Financial Considerations
for Business Decision Making
In today’s world of increasing competition and focus on corporate
earnings, project and contract managers are held accountable not just for
achieving technical and schedule goals, but also for meeting profitability and
other financial goals. This course explores the financial metrics that are
commonly used and examines the not so obvious financial impact of typical
operating decisions and actions. Building on competencies developed in the core
management curriculum, you’ll examine
the inner mechanics of how finance and accounting can impact your project.
You’ll learn about common financial analysis tools in the project
environment that link project management to broader corporate strategic goals.
You’ll see how finance often drives organizational decisions and evaluations of
project performance. You’ll also learn how operating decisions regarding
pricing, terms and conditions, and asset management directly and significantly
affect the financial health of your organization.
Outline :
1. Fundamentals of
Finance
l
Financial accounting concepts
l
Generally accepted accounting principles
l
Reading and understanding financial statements
l
Financial analysis
l
Managerial accounting
l
Business case consideration
l
Cost vs. revenue
l
Profitability measures
l
ROS; ROA/EVA ; ROE ; IRR
l
Time value of money
l
Discounted cash flows
l
Direct vs. indirect costs
l
Fixed vs. variable vs. semivariable costs
l
Break-even analysis
2. Contract
Profitability—Pricing
l
Pricing strategy and tactics
l
Profit planning
l
Cost estimating
l
Cost-based pricing
l
Market-based pricing
l
Value-based pricing
l
Profit objective
l
Market structure
l
Follow-on business
l
Risk
3. Asset Management—Cash
is King
l
Cash ; Timing of cash flows
l
Accounts receivable
l
Inventory
l
Equipment
l
Revenue recognition
l
Financing arrangements
4. Terms and Conditions
(Ts and Cs)—Best Practices
l
Value, cost and risk
l
Seller-friendly Ts and Cs
l
Unfavorable Ts and Cs
l
Metrics to evaluate
5. Cost Estimating—What
Works Best
l
Cost estimating methods
l
Planning and scheduling
l
Making sense of historical data
l
Experience curves
l Relationship between cost estimating and pricing
Peserta :
Anyone
involved in Project Management and Strategic Financial Management
Tidak ada komentar:
Posting Komentar