Overview

Project professionals today must function as business people, whether they work in the private sector or government. Before a project is selected, they need to be able to make a business case that weighs benefits against costs. This requires a range of financial and estimation skills. After a project is launched, they must be able to prepare a definitive cost estimate and to build a budget upon it. During project execution, they should be excellent at examining actual vs. budgeted expenditures for the purpose of maintaining cost control. They also need to know how to terminate projects that are not achieving their financial goals.

Project Finance and Budgeting provides insights into managing the financial end of projects. The financial skills effective project professionals need are substantial, ranging from cost estimation, to capital budgeting, to understanding economics basics, to knowing fundamental accounting principles, to engaging in cost control. All these skills are taught. The learning is reinforced with plenty of real world examples and exercises.

PMBOK Knowledge Areas

• Project Integration Management
• Project Scope Management
• Project Cost Management

Instruction

• Course modules containing cutting-edge knowledge developed by renowned experts in project management
• Course Textbook: Project Finance: Tools and Techniques (UMT Series on Project Management Principles and Practices), by Dr. J. Davidson Frame
• Mentors Studio™ CD-ROM: Real Option Approach to Decision Making, featuring Dr. J. Davidson Frame
• "Think and Review" section that helps you review key points of the modules
• Answers to the "Think and Review" section
• A final exam which contains multiple choice and true/false questions
• Certificate of Completion, which makes students eligible for 30 PDU credits (given upon exam completion).

What You Will Learn

• How to develop and manage a project budget, from beginning to end
• How to employ capital budgeting techniques, including net present value, internal rate of return, payback period and benefit cost analyses
• How to factor risk into financial decisions, using such tools as CAPM, expected monetary value analysis, and the real options methodology
• How to link cost and schedule performance data, to engage in integrated cost/schedule control (earned value management)
• How to use important economic concepts – such as marginal returns analysis, elasticity of demand, supply and demand curve analysis, and learning curve theory – to manage projects more effectively
• How to carry out benefit-cost analyses

Take a Course

This course costs $990. You can begin the course today, with no application necessary. There are four easy ways to sign up:

• Secure Online Payment (VISA, Master & American Express)
• Registration Form [Word]. Mail the form with your check to: UMT, 1901 North Fort Myer Drive, Suite 700, Arlington, VA 22209-1609.
• Fax the form to us at (703) 516-0985.
• Register by phone at (703) 516-0035.

Once the payment has cleared, you will be issued an ID name and a Password that will allow you to access the full course.

To access the course, log into the UMT online coursesite with your USER ID and PASSWORD at: coursesite.umtweb.edu.