Are you aware of how project decisions are linked to cost estimates, investment appraisals and strategic considerations? Learn the basics to understand the project economy and how your project contributes to the company’s long-term profitability.
After the course you will:
- Understand fundamental economic approaches and common economic ratios relating to the projects long-term profitability
- Be able to make cost estimates, cash flow analysis and calculate capital requirements for the products life cycle.
- Making cost-benefit analysis based on the products life cycle
- Have a better understanding of the commercial aspect of the project
Your project is affected by the financial requirements and capital assets. In this course the project is considered as an investment that is intended to contribute to the company’s long-term profitability. The course is intended to give you a business view on how project decisions are linked to cost estimates, investment appraisals and other strategic considerations.
- Financial concepts for cost estimations and investment appraisals
- Cash flow budget and capital requirements
- Life cycle based profitability calculations
- Investment appraisals, payback period, discounting and net present value
- Costing and pricing methods
- Financial change management, control and decisions
- How shall a customer-initiated amendment be priced?
- Is a quality improvement of the projects result profitable?
This training is intended for those who work as a project manager, project administrator, project sponsor or line manager responsible for the project finance or recipients of reports.
You are required to have prior experience of project management or working in a position responsible for reports containing financial information.
PDU (Professional Development Units)