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Project Finance and Budgeting (UMTPM252)   Register Online
 
Overview

This course takes an in-depth look at the financial side of project management. Specifically, it looks at the budget process and the role it plays in planning, implementing, and controlling project efforts; and at financial perspectives, including techniques needed to select projects and evaluate project performance. Beyond this, it examines some basic microeconomic tools and concepts that can be usefully applied to managing projects.

Objectives

To have students develop a thorough grounding on concepts and techniques needed to deliver projects on time, within budget, and according to specifications.
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

PMBOK® Guide Process Areas

  • Initiating
  • Planning
  • Executing
  • Controlling

PMBOK® Guide 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.

 
 
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