Why Attend
With increasing competition and focus on corporate earnings, project and contract managers are held accountable, not just for achieving technical and scheduling goals, but also for meeting profitability targets and other cost-related measures.
Instructor-led training that uses interactive learning methods, including class discussion, small group activities, and role-playing
Communicate more effectively with accounting and financial personnel; Read, understand, and analyze accounting and financial data; Expand your work in project scheduling and cost control to encompass additional financial metrics and tools; Minimize project financial risk; Develop and apply tools for comparing project financial returns; Understand how finance often drives organizational decisions and evaluations of project performance.
n/a
DAY 1 - Fundamentals of Finance
Generally accepted accounting principles
Reading and understanding financial statements
Financial analysis
Managerial accounting
Business case consideration
Cost vs. revenue
Profitability measures
ROS
ROA/EVA
ROE
IRR
Time value of money
Discounted cash flows
Direct vs. indirect costs
Fixed vs. variable vs. semi-variable costs
DAY 2 - Contract Profitability - Pricing
Pricing strategy and tactics
Profit planning
Cost estimating
Cost-based pricing
Market-based pricing
Value-based pricing
Profit objective
Market structure
Follow-on business
Risk
Z score
Market structure
Follow-on business
Risk
Z score #
DAY 3 - Asset Management - Cash is King
Timing of cash flows
Accounts receivable
Inventory
Equipment
Revenue recognition
DAY 4 Terms & Conditions (Ts & Cs) - Best Prices
Value, cost, and risk
Asset-friendly Ts and Cs
Unfavorable Ts and Cs
Metrics to evaluate
DAY 5 - Cost Estimating What Works Best
Cost estimating methods
Planning and scheduling
Making sense of historical data
Experience curves
Relationship between cost estimating and pricing