Project Financial Management For Non-financial Professionals Seminar

INTRODUCTION

Empower your project management capabilities with our Project Financial Management for Non-Financial Professionals Seminar. Effective financial management is crucial for the success of any project, ensuring that all financial resources are utilized efficiently to meet project objectives. This Project Financial Management for Non-Financial Professionals seminar is specifically for non-financial professionals, providing them with the essential financial skills needed to manage project budgets, monitor expenditures, and ensure financial accountability. Through this comprehensive Project Financial Management for Non-Financial Professionals course, participants will gain a deep understanding of financial principles, techniques, and practices applicable to project management. They will learn how to develop detailed project budgets, assess financial performance, and prepare for financial uncertainties. The s Project Financial Management for Non-Financial Professionals eminar emphasizes practical application, offering hands-on training that equips participants with the tools and knowledge to manage project finances effectively.

COURSE OBJECTIVES

By the end of this Project Financial Management for Non-Financial Professionals course, participants will be able to:

• Understand the principles, techniques, and practices of financial management in project contexts.
• Apply budgeting principles effectively to manage project finances.
• Evaluate and utilize different budget forms and financial tools.
• Monitor and control project expenditures.
• Prepare for financial uncertainties and emergencies.

DURATION

5 Days

WHO SHOULD ATTEND

This Project Financial Management for Non-Financial Professionals seminar is ideal for project managers, team leaders, and professionals involved in project management who do not have a financial background but need to manage project finances effectively.

COURSE OUTLINE

• Introduction to Budgeting
• Organization's Budget, Manager Budget, Budget Forms, Pre-Budgeting Activities, and Budgeting Process
• Challenges in the Budgeting Process
• Contribution of Budget Plans in Budgeting Challenges
• Budget Planning Elements
• Budget Plans Evaluation
• Organizational Outputs
• Output Controls
• Organizational Inputs
• Integration of Inputs in Business
• Costs and Cost Drivers
• Preparation for Emergencies
• Assumptions in Handling Emergencies
• Internal and External Factors Affecting an Organization
• Communication Tools
• Revenue Forecasting
• Principles of Cost Budgeting
• Types of Capital Expenditures
• Budget Approval

GENERAL NOTES

• This course is delivered by seasoned trainers with extensive professional experience.
• Training includes a mix of practical activities, theoretical knowledge, group work, and case studies.
• Participants receive comprehensive training manuals and additional reference materials.
• A certificate is awarded upon successful course completion.
• Tailor-made courses to meet specific organizational needs are available. Contact us at training@skillsforafrica.org for more information.
• The training will be conducted at the Skills for Africa Training Institute in Nairobi, Kenya.
• The training fee covers tuition, materials, lunch, and the training venue. Accommodation and airport transfer can be arranged upon request.
• Payment should be made to our bank account before the training starts, and proof of payment sent to: training@skillsforafrica.org.