COURSE INFORMATION 

COURSE DESCRIPTION 

Leading and managing a project is a major responsibility with several stake-holders interest to be managed. The course is designed to improve participants readiness to manage, execute, track and finally deliver end-results that meets project expectations.  

TARGET PARTICIPANTS 

This programme is suitable for: 

• Project managers 

• Team Leads 

• Executives and analysts 

• Others involved in project financial decisions 

LEARNING OBJECTIVES 

Upon completion of this programme, participants will be able to: 

• Explain expectations of project management 

• Identify project costs, both financial and otherwise 

• Understand life-cycle of a project 

• Understand the role of project management in pre-project implementation 

• Apply effective monitoring of project progress, including reporting  

• Apply reporting skills upon completion of project, project variation and delivery of final results 

ENTRY REQUIREMENTS/ PRE-REQUISITES (IF APPLICABLE) 

• No formal pre-requisites required 

• Suitable for employees at all organisational levels 

EXPECTED BENEFITS TO ORGANISATION 

• Understand Project Management – scope and responsibility.  

• Preparation of Project Costing and Budgeting 

• Compilation of Project Financial Planning 

• Performing Cost Tracking and Variance Analysis 

• Forecasting, Cashflow and Financial Decision Making 

• Improved Project Financial Reporting & Stakeholder Communication 

LEARNING OUTCOMES 

At the end of the programme, participants will be able to demonstrate: 

• Knowledge 

  • Understand expectations in project management, parameters and role in project controlling 

• Skills 

  • Ability to manage projects effectively and within budget 

  • Tracking of variations and control of deliverables 

• Workplace Application 

  • Application of variance early detection and counter measures 

  • Delivery of projects withing scope, cost and dateline 

MODULE BREAKDOWN 

Module 1: Introduction to Project Financial Management 

• Introduction and Ice-Breaking 

• Defining scope of success in projects 

• Understand the role of financial management in project success 

• Identify key financial responsibilities of project managers 

Module 2: Cost Concepts, Structures and Classifications 

• Differentiate between: 

  • Direct costs 

  • Indirect costs 

  • Fixed costs 

  • Variable costs 

  • Overhead costs 

• Understand CAPEX vs OPEX in project planning 

• Mapping cost elements to a Work Breakdown Structure (WBS) 

Module 3: Project Budgeting Techniques and Tools 

• Build a project budget using bottom-up and top-down methods 

• Apply analogous, parametric and three-point estimating 

• Understand contingency, reserves and cost buffers 

Module 4: Cost Baseline and Financial Planning 

• Develop a cost baseline aligned with project scheduled 

• Understand cash flow planning and disbursement timing 

• Baselines to support monitoring and control 

Module 5: Cost Tracking and Variance Analysis 

• Track actual vs planned costs 

• Performance variance analysis (CV, SV, CPI, SPI) 

• Interpret financial performance indicators 

Module 6: Earned Value Management (EVM) Essentials 

• Understand EVM concepts: PV, EV, AC 

• Calculate performance indices and forecasts 

• Use EVM to predict project outcomes 

Module 7: Forecasting Cash Flow and Financial Decision Making 

• Apply Estimate at Completion (EAC) and Estimate to Complete (ETC) 

• Build cash flow projections 

• Evaluate financial scenarios and trade-offs 

Module 8: Cost Control Strategies & Corrective Actions 

• Identify cost drivers and root causes of overruns 

• Apply corrective and preventive actions 

• Use change control processes effectively 

Module 9: Project Financial Reporting and Stakeholder Communication 

• Prepare financial dashboard and summary reports 

• Communicate financial status to stakeholders 

• Align reporting with governance and audit requirements 

• Introduction to project management software 

TRAINING METHODOLOGY 

The programme will be delivered using a combination of: 

• Instructor-led lecture 

• Live demonstration 

• Hands-on practical exercises 

• Individual and group activities 

• Case studies based on real workplace data 

ASSESSMENT/ EVALUATION METHOD 

Participants will be assessed through: 

• Case study analysis and group discussion 

• Scenario based exercises 

• Observation and facilitator feedback 

• Post training reflection or assessment 

PROGRAMME DURATION SUMMARY 

Total Training Hours: 14 hours 

• Theory: 45% 

• Practical/ Discussion: 55% 

TRAINING MATERIALS PROVIDED 

• Participant handbook 

• Case Studies and discussion guides 

• Presentation slides 

• Reference materials 

CERTIFICATION 

Certificate of Attendance will be issued upon completion of the programme.