Project Management: A Financial Perspective (9 hrs)

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$103
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Course Description

Project Management: A Financial Perspective

Project Management: A Financial Perspective is designed to provide you with a deep understanding of the applications and importance of Project Management.  You will learn how to assess a project with respect to time, costs, and resources in order to effectively and efficiently reach your goals.  You will become familiar with the five processes involved in Project management – Initiating, Planning, Executing, Controlling, and Closing on time and within budget– along with the nine knowledge areas – Project Integration, Project Scope, Project Time, Project Cost, Project Quality, Project Human Resources, Project Communications, Project Risk Management, and Project Procurement – that are essential to being an expert Project Manager.

Individuals need hard knowledge and real skills to work successfully in a project environment and to accomplish project objectives. This course is intended to equip its users with both. How? By explaining concepts and techniques and by illustrating through numerous examples how they are skillfully applied.

This course is intended for accountants and financial managers.  This course is designed to outfit these people with the essential skills needed to make effective contributions and will have an immediate impact on the accomplishment of projects in which they are involved.

This course for the most part follows the framework within the Project Management Institute’s Project Management Body of Knowledge (PMBOK). The material, however, places a financial focus on projects as a way to accomplish desired changes in the enterprise in a coordinated and predictable way for favorable outcomes. Topics covered include economic feasibility study, life-cycle costing, target costing, and earned value analysis. Through better project management, you can reduce or eliminate failed projects and reduce the costs associated with successful ones, resulting in increased enterprise effectiveness in providing the maximum value to shareholders.

Course information

Price: $103


Course No. 7043
Format: Online pdf (200 pages).
Instructional Delivery Method: QAS Self-Study
Prerequisites: None
Advance Preparation: None
Level: Overview
CPE Credit: 9 hrs.
Field of Study: Management Services: Technical
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: March 2021

Objectives

After completing this course, participants should be able to:

  1. Recognize what project management is and the steps involved in managing a project.
  2. Recognize what the PMI is and what they do.
  3. Identify attributes of an effective project manager and project teams.
  4. Recognize key components of planning and controlling a project, such as responsibilities, schedules, and performance.
  5. Identify the purpose of project scorecard metrics.
  6. Recognize the relationship between project phases and project life cycle.
  7. Identify the documents and roadmaps used during a project.
  8. Understand when stakeholders have the greatest influence on a project.
  9. Recognize key aspects of the work breakdown structure (WBS) for planning a project.
  10. Identify key terms and tools used in project scheduling.
  11. Recognize the Pert/cost and the Critical Path Method (cpm).
  12. Recognize the concept of crashing.
  13. Recognize the characteristics of a project control system
  14. Identify what the project reviews should do.
  15. Recognize budgeting aspects of the project management process
  16. Calculate variances using the earned value analysis.
  17. Recognize how project costs can be analyzed using EVA.
  18. Recognize where major project costs occur and why a life-cycle costing approach is appropriate for project costing.
  19. Identify the target costing process for a new product.
  20. Identify types of capital budgeting decisions.
  21. Recognize several techniques for evaluating projects.
  22. Recognize how the time value of money affects project costs.
  23. Identify the effect of Modified Accelerated Cost Recovery System (MACRS) on capital budgeting decisions.


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