Managing Project Finances Course in Singapore
Managing Project Finances Course in Singapore
What are the indicators used to determine if a project is a success or a failure? There are many, including scope, budget, quality time, realized benefits and stakeholder satisfaction are among them. Budget is one of the most important because it directly impacts the indicators of success mentioned above.
For project managers to be successful, they must deliver their projects within the allocated budget. Poor planning is the most common reason why projects exceed their initial budget. Effective budget management skills are therefore critical to have.
Budgeting for a project is an activity best done at the beginning stages alongside project planning activities and the development of the project schedule. The goal of budget management is not just to stay within the amount allocated but also to effectively manage how the allocation of financial resources within the project to deliver the agreed upon objectives.
The process consists of four main steps. Definition of the budget, Executing the budget, Controlling the budget and Updating the budget.
Defining the budget creates a jumping off point for the project’s costs. It involves coming up with detailed estimates of every possible resource necessary to complete the job. Executing the budget involves meeting with all the stakeholders involved in carrying out the activities and reviewing what their allocations are. It also consists of distributing the agreed upon budget resources and monitoring them side by side with the tasks, schedule and, responsibilities.
Despite the best-laid plans, project managers often come to find that projects seldom follow the program to the letter. In preparation for this, they must, therefore, build in various contingencies to prepare for this. They must continually evaluate the project’s budget to control cost variations. These should be updated on the budget and reported to managers and stakeholders.
This course gives participants the skills and tools to manage project financial matters from the beginning of the project up to its delivery. They’ll know how to define, execute, control and update their project budgets and experience the benefits and get to the objectives mentioned below.
This Managing Project Finances workshop is ideal for anyone who would like to gain a strong grasp and improve their Managing Project Finances.
All Staff Within An Organisation
The ideal group size for this Managing Project Finances course is:
Minimum: 5 Participants
Maximum: 15 Participants
The duration of this Managing Project Finances workshop is 2 full days. Knowles Training Institute will also be able to contextualised this workshop according to different durations; 3 full days, 1 day, half day, 90 minutes and 60 minutes.
2 Full Days
9 a.m to 5 p.m
Below is the list of course benefits of our Managing Project Finances course
● Develop critical finance skills.
● Effective project budget management.
● Improve communication with project stakeholders.
● Better team resource management.
● Develop risk management skills.
● Improve project cost management.
● Enhance career opportunities.
Below is the list of course objectives of our Managing Project Finances course
● Understand the importance of project budget management.
● Explain the challenges of project budget management.
● Define and document a project’s budget.
● Know how to execute a project’s budget.
● Show how to control a project’s budget.
● Update the budget with cost variations during the project.
● Defend contingency costs and evaluate and value risks.
● Financially evaluate alternative project delivery solutions and methods.
● Understand the effects of change requests on a project’s financial performance.
● Communicate effectively with the finance team and senior management about the project’s performance.
● Identify, document, and confirm a project’s requirements with all involved stakeholders.
● Establish key performance indicators (KPIs) for the project’s budget.
Below is the list of course content of our Managing Project Finances training programme course
● Importance of project budget management.
● Challenges of project budget management.
● How to define and document a project’s budget.
● What are the tools and techniques for estimating project costs?
● Project budget execution best practices.
● Project budget control best practices.
● When and how to update a project’s budget.
● Specific project budgets KPIs to track
● How to create budget management reports.
● Communication with project partners.
● Importance of building in contingencies.
Each participant will receive the following materials for the Managing Project Finances course
Managing Project Finances Learner’s Guide
Managing Project Finances Key Takeaways Notes
Managing Project Finances Essentials Ebook
Managing Project Finances Course Handouts
Managing Project Finances 30-Day Action Plan
Managing Project Finances MindMaps Pack
Managing Project Finances PPT Slides Used During Course
Managing Project Finances Long-Term Memory Flashcards Pack
Managing Project Finances E-Learning Course
Managing Project Finances Online Video Course
Managing Project Finances Essentials Audiobook
Managing Project Finances Infographics Pack
Each course participant will receive a certification of training completion
There are 3 pricing options available for this Managing Project Finances training course. Course participants not in Singapore may choose to sign up for our online Managing Project Finances training course.
We have the following discounts, fundings & subsidies for this Managing Project Finances training course
Our Trainers are Subject Matter Experts
Contact us for the latest Managing Project Finances course schedules:
Phone: +65 6817 2530
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Post Training Support: A vast majority of training does not have any effect beyond 120 days. To work, training has to have a strong pre- and post-training component. Post-training reinforcement helps individuals to recall the understanding and ask questions.
Blended Learning: Learning does not occur in the classroom. Virtually everybody prefers distinct ways of learning. Successful learning should have a multi-channel, multi-modal strategy.
We Understand The Industry: We’ve got a profound comprehension of the business, business design, challenges, strategy and the that our participants are in and have designed the courseware to cater to their professional needs.
Course Content: Knowles Training Institute’s material is relevant, of high quality and provide specific learning results. Participants will leave the training course feeling as they have gained a strong understanding and will also be in a position to execute what they have learned sensibly.
Course Development — The workshop modules follow a systematic and logical arrangement. This structure helps to ensure that the course material allows the facilitators to deliver the course in a logical arrangement. Consider the subjects as building bricks into learning, our facilitators slowly build towards a comprehensive picture of this entire topic.