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Finance for Project Managers

Projects are essentially about managing change. Once the initial stage of winning or setting up the project has subsided, the important task of managing it becomes central. Examples are abound of projects sliding from being potentially profitable into producing a real loss because of poor financial control and ill-judged responses by management. Intellexis ILXs programmes are designed to de-mystify the important aspects of finance and financial control specifically in relation to managing projects and enable managers to understand how they can make more informed decisions.

Key Advantages to Project Managers Understanding Finance

• Prepare financial business case
• Compare project financial returns
• Prepare and monitor project financial budgets
• Effectively control project spend and cash flow
• Understand how to calculate the break even point
• Use financial metrics in project scheduling and cost control
• Minimise project financial risk
• Ability to create a financial project plan
• Understand how projects are assessed by budget holders
• Ability to communicate with finance function and senior management
• Assess the financial impact of planned or unplanned changes to the project

E-learning

Finance Intellexis ILX’s Finance For Managers

Intellexis ILX’s e-learning will help you to Understand how to apply several techniques for analyzing the financial impact or feasibility of projects involving large capital expenditures based on cash flow and the time value of money. Apply sensitivity analysis to refine these decisions and measure risk.

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Finance for Project Managers – In House classroom training.

Intellexis ILX has developed and delivered successful classroom training programmes at organizations to ensure that Project Managers have the financial awareness to be able to deliver projects on time and on budget. When working with our clients Intellexis ILX tailor the course contents to meet the exact business needs of the organization being trained.

Example Course Content

This course is designed to enable the project manager to understand the importance of the decisions that they make and the impact these can have on the control and potential profitability of a project and consequently the organisation itself. The first part of the programme is concerned with the background to understanding financial information and how to interpret the financial health of an organisation. The second part of the programme deals specifically with managing a project and ensuring that appropriate controls are in place so that the project can be monitored effectively and efficiently. Most importantly we will look at what managers can do when things start going off track and how we can pick up early warning signs to avoid later complications. Participants will consider how to assess capital investment decisions and their financial impact on the project and the business.

Course Duration: 2 days

For a detailed course description please click here

Blended Approach

Intellexis ILX have experience in combining both our e-learning and classroom training to create a successful blended learning programme. The advantage of this approach is that it can maximize the value of the time spent in the classroom by focusing these sessions on case studies and work-groups whilst the e-learning acts as pre and post course support.

To discover more about Intellexis ILX’s blended approach click here

Project Management Training

If you would like information on the ILX Group’s Project Management training please visit:

Key Skills ILX

www.PRINCE2.com