Description
Learn to manage and communicate the financial status and impact of your projects with senior management.Projects are defined by three critical elements, the work or scope to be done, the timeframe or schedule in which to do it, and resources or budget needed to pay for it. Project managers are often in control of planning and managing the first two, but the third one, the project budget is often controlled by the organization’s finance department. For this reason, project estimates, cost tracking, forecasting, and return on investment (ROI) are often a mystery to them. When the project manager does not understand an aspect of the project, they cannot manage and control it. This topic will help you understand the principles of project budgeting and financial tracking. The material will present tools and techniques of project estimating, tracking forecasting and ROI calculations will be illustrated. In addition, the unique challenges associated with project financial management will be presented and discussed. Projects, by their very nature, have an element of uncertainty, yet when it comes to financial matters, most businesses are averse to financial uncertainty. This information is critical for project managers so they can both manage and accurately communicate the financial status and impact of their projects with senior management.
Date: 2021-10-01 Start Time: End Time:
Learning Objectives