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Finance for Project Managers Finance for Project Managers

Finance for Project Managers

Every firm and every project has a cash cycle, and there is a demand for financially competent project managers who understand how projects contribute to the organisation's long-term financial success.

The course is intended to teach non-financial managers fundamental concepts and techniques for ensuring projects provide value to shareholders.

Master key financial concepts for better project investment decisions.
Certificate of Completion, 7 PDUs
  • About
  • Certification
  • Syllabus
  • For Whom
  • Why IPM
  • Dates
  • FAQs
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Project Management for Long-term Financial Success

The Finance for Project Managers short course is designed to help you quickly master the key elements of finance and accounting in an easy-to-understand manner.

This course aims to provide project and non-financial managers with the necessary financial terms and concepts knowledge, enabling them to interpret figures effectively and gain insights into their underlying meaning.

Participating in this course will enhance your understanding of how to effectively plan, monitor, and assess projects or business plans, considering their economic feasibility and commercial profitability.

Acquire a practical comprehension of utilising financial data to inform and influence decision-making processes, empowering you to make more well-informed choices within your organisation.

Learning Outcomes

This short course on finance is specifically crafted to expand your comprehension of financial concepts and their relevance in making investment decisions for future projects, including evaluating expected rates of return.


To learn more about the course, download the brochure below.

Learning Objectives

By the end of this course, you will:

  • Gain a comprehensive understanding of the cash cycle within a company and how each project integrates into it.
  • Apply financial reporting practices and techniques to analyse and evaluate projects effectively.
  • Recognise financial statements’ purpose, significance, and role in business operations.
  • Analyse cash flow statements to understand their purpose.
  • Explore budgeting methods and techniques.
  • Analyse investment appraisal techniques and their application to projects.

Course Modules

Introduction
  • Financial Management Goals
  • Cash cycle of the enterprise
  • Reporting the Results – the 4 Financial Statements
Financial Statement Analysis
  • Profit & Loss Statement
  • Balance Sheet
  • Fixed costs and break-even analysis
  • Understanding changes in owner’s equity and financial position
  • Measurements of business performance: ratio analysis – profitability, liquidity working capital efficiency, gearing and return on investment
  • Strategic financial analysis
  • Financing a project
Project Budgeting and Methods
  • Factors affecting discount rates
  • Capital budgeting
  • Accounting rate of return, ARR or ROI
  • Payback period
  • Net present value (NPV)
  • Internal rate of return (IRR)
  • Types of budgets
  • Risk management
  • Asset management
  • Fixed assets and depreciation
Controlling the Project
  • Controlling schedules and budgets
  • Organisational requirements for project control
  • Earned value metrics (EMV)
  • The value of real-time ABC for control
  • Example: application of earned value techniques
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Why Finance is Essential to Project Management

A budget must be established for each project. Being a project management professional with a thorough understanding of financial fundamentals will enable you to:

  • Allocate, forecast, and assign costs to project areas effectively.
  • Optimising the spending in a project.
  • Analyse a project’s economic viability, financial stability, and commercial profitability.
  • Improve project selection and prioritisation.
  • Forecast project success and assess what value will be returned.
  • Manage cash flow, profit and loss accounts and balance sheets to monitor and control costs during a project.
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This course is perfect for...

  • Project Managers, Programme Managers, and Portfolio Managers.
  • Project Sponsors, Business Leaders, and Decision-makers
  • Professionals implementing change and organisational strategy
  • Individuals seeking financial knowledge for project investment decisions

 

Have questions about the course content or requirements? Schedule a call to talk with an adviser today.

Why IPM?
Reputation & History
Project Management Expertise
Why Choose This Course?
Globally Positioned
360° Learning Partner

Reputation & History

  • Established in 1989 as a preeminent professional organisation dedicated to the project management discipline.
  • Trained over 40,000 Professionals and Certified over 6,000 Project Managers.
  • IPMA® Member Association.
  • Worked with over 500 different corporations.
  • Globally recognised certification body.
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Project Management Expertise

Unlike other organisations, which offer different training programs across many functional areas, the Institute is a specialist organisation dealing solely with the disciplines of project, program, and portfolio management.

Our graduates are instructed by a world-class faculty of international subject-matter experts ranging from Project Directors to former Heads of PM Certification Authorities. Focusing solely on project management guarantees exceptional instruction and learning opportunities.

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Why Choose This Course?

  • This course helps you quickly master fundamental financial terms and concepts – an essential skill while cost planning for a new project.
  • Our faculty of handpicked international experts will provide you with a variety of perspectives.
  • You will join a large and growing cohort of IPM Alumni.
  • The programme is practical and pulls from internationally respected methodologies.
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Globally Positioned

IPM is uniquely partnered with the world’s leading project management certification bodies: IPMA (Member Association & Certification Body), PMI (Authorised Training Partner), and PRINCE2® (Accredited Training Organisation).

We have also partnered with Ireland’s second largest University, Technological University (TU) Dublin, meaning we can offer Bachelor & Master’s levels programmes. This affiliation links us to the European University of Technology (EUt+).

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360° Learning Partner

  • Join our rapidly growing project management community of 25,000 followers.
  • Mentoring and Events– Get support for your career or help guide new project managers.
  • Volunteering – Gain project experience while helping the project management community.
  • Platform for your voice – Submit an article to our blog and showcase your writing.
  • Industry updates – Get the latest PM news and insights from global experts.

Upcoming Dates

We don't currently have public dates advertised for this course - however please click here to request dates or for further information.

We've worked with

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Alumni Reviews

4.8 stars
Google (100+ reviews)
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Jack Rainey

FP&A Analyst at Enstar
June 20threv_glob_img
Highly recommended. I upskilled by doing the project management diploma and it helped me secure a new job.
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Nikki Solyom

Senior Administrative Coordinator at ResMed
June 20threv_glob_img
The presenter was engaging and kept us interacting with questions. The material was easy enough to follow, with relevant slides included. The class was small which allowed us each to ask questions and voice our thoughts without feeling intimidated and struggling to get a word in. Overall, I would recommend this course to anyone working in large teams in a commercial environment.
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Peter Nolan

Project Manager at PM Group
June 20threv_glob_img
I undertook a course with the Institute in April 2021 and the support and guidance provided were excellent. The course content and delivery far surpassed my expectations and I would recommend the Institute to anyone wishing to commence or continue their Project Management education.
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Niall Feeney

National Council for Special Education
June 20threv_glob_img
Delivered by an interesting selection of experts from the private, public and academia sectors. Challenging but rewarding.
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Jimmy O’Connell

Project Engineer - JCEJ Limited
June 20threv_glob_img
Excellent program really well run. I took this course during COVID and the Institute did everything they could to help ensure we completed the course with as little disruption as possible. All the instructors are very knowledgeable and I would recommend this course to anyone who in interested in Project Management.
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Frequently Asked Questions (FAQ)

Find your questions answered and everything you need to know about the course.

Need further information?

What is included in the course fee?

The course fees include the access to all course materials on the Student Hub, live expert-led virtual classes, recordings and unlimited support from our Student Support team.

What are the delivery formats available for this course?

This course is available in two formats:

  • Online: Classes run over 1 day online from 9:00 am to 5:00 pm. Do not worry about missing an online class – a recording of each online class will be available for playback in the Student Hub for a limited period of time.
  • Classroom. Choose weekly evening classes on campus for in-person learning with industry-expert lecturers. Classes run at the National College of Ireland (Dublin). Please note the scheduling of classroom courses may have been affected by Covid-19.

Am I eligible for this course?

There are no prerequisites to participate in this course. However, a fundamental knowledge of project management could be helpful.

Is the course suitable for candidates without former PM knowledge?

This course is better for working professionals and managers from various non-financial backgrounds. A fundamental knowledge of project management could be helpful.

How long is the course?

The course runs for 1 day, from 9:00 am to 5:00 pm.

Is the course applicable to any industry?

Yes, the content of course is suitable for various industry sectors. We have students from different backgrounds – such as engineering, pharmaceuticals, design, construction, IT and many others – who completed the course successfully.

Will recordings be available if I miss a class?

A recording of each online class will be available for playback in the Student Hub for a limited period of time, so you do not need to worry about missing a class.

How will this course help with my career?

This course curriculum is designed by industry-experts to help you develop practical competences that are so valuable to hiring managers. At the end of this training, you will have greater insight into the role of financial strategy to make informed and objective financial decisions.

Will I get a certificate on this course?

Successful completion of this course results in a Certification of Completion and 7 Professional Development Units (PDUs).

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