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Objectives

The bottom line is project management is about applying specific principles to bring in projects on time, within budget, and to specifications. As a result, the key objective of this course is to master planning tools, management techniques, and people skills that will ensure project success.

The Delegates

• Managers, Members of Board Directors, High Administration and All Levels of Responsibility in accounting and finance
• All Staff who are Responsible of Taking Financial Decisions and :
• Plan a Project .
• Manage Project Quality .
• Schedule Project Activities and Deliverables .
• Budget for Projects .
• Control Project Costs .
• Develop Project Teams .
• Manage Contracts And Procurement .
• Optimize And Control Project Communication.

The Contents

• The World of Project Management :
• Project lifecycle model
• Classic and modern project constraints and parameters
• The concept of project management maturity
• Selecting projects to meet organizational goals
• Aggregating projects into programmes and portfolios
• Establishing a project support office
• Considering and confronting uncertainty in project selection decisions
• Project data, information and knowledge management
• The art, science and practice of project management
• Case Studies and Group Exercises
• Project Planning, Scheduling and Budgeting :
• Project plan vs. Project planning
• Strategic, tactical and operational planning
• The contents of a project plan
• Level of detail in scheduling
• Network logic and dependency analysis
• Project uncertainty and risk management
• Introducing uncertainty in planning
• Fundamentals of budgeting & cost control
• Methods of budgeting
• Improving cost estimates
• Best practices of project planning, scheduling and budgeting
• Capital Budgeting process and measuring relative cash flows :
• Defining the capital budgeting and determining the questions that we are going to answer
• Defining the capital budgeting process
• Determining the relevant cash flows for each project and how do we calculate it
• Evaluating Capital Budgeting projects :
• Defining the PV & FV.
• Determining the capital budgeting evaluation techniques, advantages of each and its drawbacks:
• Payback period
• Bailout payback
• Discounted payback period
• Net present value
• Internal rate of return
• Modified internal rate of return
• Profitability index
• Accounting rate of return
• Choosing between the optimal capital budgets
• Increasing marginal cost of capital
• Capital rationing
• Problems and solutions
• Conclusion: Decision-making Criteria in Capital Budgeting
• Linear Programming
• Post investment audit
• Project Resourcing, Monitoring and Control
• The Project Manager’s Roles and Responsibilities
• Project Evaluation, Reporting, Closure and Hand-over

 

The Discount

10% in case of Three P. (or more)