Project Management: A

Financial Perspective

Course Description:

This course is designed to provide you with a deep understanding of the applications and importance of Project Management. You will learn how to assess a project with respect to time, costs, and resources in order to effectively reach your goals. You will become familiar with the five processes involved in Project Management – Initiating, Planning, Executing, Controlling, and Closing on time and within budget – Project Integration, Project Communications, Project Risk Management, and Project Procurement – that are essential to being an expert Project Manager. This course follows for the most part, the framework within the Project Management Institution’s Project Management Body of Knowledge (PMBOK). The materials, however, place a financial focus on projects as a way to accomplish desired changes in the enterprise in a coordinated and predictable way for favorable outcomes. Topics covered include economic feasibility study, life-cycle costing, target costing, and earned value analysis. Through better project management, you can reduce or eliminate failed projects and reduce the costs associated with successful ones, increasing enterprise effectiveness in providing the maximum value to shareholders.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Summarize the steps involved in managing a project
• Describe what the PMI is and what they do
• List the nine knowledge areas and briefly describe what each is
• List the key questions to be asked when planning and controlling the project