Module 1: Introduction to Project Financial Management

• Understanding Project Finance Principles
• The Role of Financial Management in Project Success
• Key Financial Terms for Non-Financial Professionals
• Budgeting and Cost Management Basics
• Practical session: Identifying key financial stakeholders in a project

Module 2: Project Budgeting and Cost Estimation

• Developing a Project Budget
• Cost Estimation Techniques
• Budget Allocation and Control
• Managing Project Expenses
• Practical session: Creating a simple project budget

Module 3: Understanding Financial Statements

• Basic Financial Statements (Income Statement, Balance Sheet, Cash Flow Statement)
• Interpreting Financial Information
• Using Financial Statements for Project Monitoring
• Financial Ratios for Project Analysis
• Practical session: Analyzing a project's financial statements

Module 4: Cost Control and Earned Value Management (EVM)

• Monitoring Project Costs
• Implementing Cost Control Measures
• Earned Value Management (EVM) Concepts
• Using EVM to Track Project Performance
• Practical session: Calculating Earned Value, Cost Variance, and Schedule Variance

Module 5: Project Risk Management

• Identifying Financial Risks
• Assessing Risk Impact
• Developing Risk Response Plans
• Managing Financial Risks in Projects
• Practical session: Conducting a risk assessment for a project budget

Module 6: Forecasting and Financial Planning

• Forecasting Project Costs
• Developing a Project Financial Plan
• Cash Flow Management
• Financial Decision-Making in Projects
• Practical session: Developing a project cash flow forecast

Module 7: Procurement and Contract Management

• Financial Aspects of Procurement
• Managing Contract Costs
• Evaluating Vendor Proposals
• Controlling Procurement Expenses
• Practical session: Analyzing the financial aspects of a vendor contract

Module 8: Funding and Financing Projects

• Sources of Project Funding
• Understanding Loan Agreements
• Managing Project Funding
• Financial Reporting to Funders
• Practical session: Evaluating different project funding options

Module 9: Project Reporting and Communication

• Financial Reporting for Non-Financial Audiences
• Communicating Financial Information Effectively
• Using Visual Aids for Financial Reporting
• Project Status Reports
• Practical session: Preparing a financial report for project stakeholders

Module 10: Project Closure and Financial Reconciliation

• Finalizing Project Accounts
• Financial Audits
• Project Financial Closure
• Lessons Learned in Project Financial Management
• Practical session: Conducting a project financial reconciliation

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588