Introduction of Project Financial Management Course
03/05/2012 - 11:13
Project Financial Management is one of the strategic processes in a project that aims to plan, direct, monitor, organize and control monetary resources of the project throughout its life-cycle. It is based on the analysis of monetary resources to ensure that every dollar invested in the project is allocated to and spent on right project activities.
Along with other strategic processes (such as risk management, time management, change management, etc.) project financial management aims to ensure successful project delivery. Its ultimate goal is to ensure balanced involvement, distribution and consumption of financial resources throughout the project life-cycle. This goal is accomplished in the following four steps:
This course is designed to enhance managerial and technical skills for participants responsible for the budgeting and financial management of development projects. The focus is on up-to-date knowledge and quality control issues of budgeting and finance as well as relevant work processes in the project implementation phase. Course content covers the role of Project Cycle Management (PCM) and the Logical Framework Approach (LFA) in financial management, budget planning, financial procedures, and financial control and assurance. The course will take the form of in-house sessions with practical assignments.
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