Financial PM

Essential financial stuff every true-blue Project Manager must know.


Course No: EFINPM01
Duration: 2 Days
Credits: 16 PDUs

Good background in, and clear understanding of Project Management
Course Level

Course Overview
As the competition becomes meaner there is an increased pressure on the “Cost” and “Financial” aspects of the project. Hence the Project Manager is expected to understand the essential Project related Finances and knows how to control them as well looks at the right indicators. Each project professional must have a thorough grounding in principles of accounting and finance in order to determine the project’s contribution to economic value and to ensure that the project results in a competitive advantage with maximum cash flow. Learn what you must do to ensure that no last-minute, unplanned costs, expenses or allocations affect your projects’ financial outlook. This course is conducted replete with exercises and games to help retention and also conducted in a very casual and humorous nature to dispel the stress that may result from the intensity of the subject. 
Who should attend?
This program is designed for project and program managers, as well as team members with little or no knowledge of corporate or project management accounting and finance.
Performance Focus
The goal of the course is to equip you with the necessary knowledge, skills and techniques to control the financial profitability of your projects and ensure that your projects meet the financial goals of your organization.
What You Will Learn
  • Describe the reason for doing projects
  • Understand the basics of project management
  • Understand the cost needs of the project team
  • Understand the financial needs of the company
  • Describe how these two apparent conflicting worlds really do reconcile
  • Perform simple financial/accounting analysis
  • Perform simple project performance analysis
  • Understand how cash flow and project performance baselines are different
  • Reconcile and work within those differences
  • Focus on what you are doing now as well as on what you should be doing
Training Content and Basic Outline of the course

Getting Started

  • Introductions
  • Course Structure
  • Course goals and objective



  • Benefits of project management
  • Project focus versus organizational focus
  • Accounting and finance in the organization
  • The project manager’s financial responsibility


The Project Management Side

  • Financial management
  • Focus on project management
  • Project life cycles
  • Budget cycles
  • Unified Project Management® Methodology (UPMM)
  • Project decision checkpoints
  • Filtering/pipeline process
  • Triple constraints in project management
  • Project estimating
  • Project budgeting


The Financial Side

  • Focus on financial management
  • Financial cycles
  • Budget cycles
  • Project decision checkpoints
  • Filtering/pipeline process
  • Triple constraints
  • Basic financial principles
  • Example profitability measures
  • Return on investment (ROI)
  • Return on equity (ROE)
  • Present value (PV)
  • Internal rate of return (IRR)
  • Break-even analysis
  • Cost versus revenue
  • Cost types


Merging the Two Sides Of The Coin

  • Budget cycle versus project life cycle
  • Financial and project management
  • The two worlds together
  • Project performance
  • Status reporting
  • Earned value analysis