This 5 days new developed course gives delegates a training dedicated to understand the required skills for a project manager, responsible for the budget and accounts.
Over the last few decades project management has moved from its roots in industries such as construction and defense into the mainstream of business. Many different industries, in particular the service sector, rely heavily on project management as an integral part of a successful strategy.
As project management has been recognized as a valid career path that many have chosen to pursue, many training programs have been developed, and it is now possible to pursue both undergraduate and graduate degrees in project management. Project managers who practice the profession today come from a myriad of backgrounds, most often having started as specialists in an area of expertise and gradually moving into project management.
Project Management and Accounting clearly explains step-by-step how project expensing (for both internal projects and outside vendors) should be capitalized or expensed in order to keep the budget on track and improve profitability.
Project Management and Accounting involves much more than just understanding how project income and expense impact the general ledger. To truly succeed in today’s competitive business environment, project managers must also understand how to budget resources, determine ROI, and track costs and expenses for projects as well as become adept at strategy and executive decision making and portfolio management. With its focus on accounting, Project Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitability, Second Edition is designed to enhance the business skills of project managers at all levels of experience.
The course contains a very strong framework including learning objectives, YouTube movies, review sessions, professional application questions, and case studies.
Senior project managers who wish to remain at the top of their profession need to understand not only the methodology, tools, and techniques of the profession in order to be successful. They must also understand the business context within which they work. Many, if not most, project managers come from areas of expertise outside of business, and most do not have the formal education in business, accounting, or finance required to take their skills to the higher level.
Project Management and Accounting is much more than considering how project income and expense impact the general ledger. The topic encompasses traditional accounting, cost accounting, budgeting, financing, cash flow, and earned value along with the more quantitative subjects. Project management accounting also includes such areas as strategy and executive decision making, portfolio management, and the more traditional phases of project management.
Project Management and Accounting includes current case studies and sample checklists to help professionals hit the ground running by immediately applying concepts to their own business scenarios. Here, CFOs, controllers, project managers, and accounting managers will discover how to:
- Understand risk assessment from an accounting and auditing perspective
- Maximize project outcomes by leveraging accounting and financing tools and principles
- Improve each project’s profitability by understanding its costs and benefits
- Analyse their business’s financial information to choose the right project, every time
- Apply proper accounting principles to a project
- Develop a project budget based on a company’s financial performance and needs
Project Management and Accounting provides the knowledge and skills to become proficient in Project Management and maximize the profitability and ROI of any project. Project Management and Accounting is meant to improve the business skills of project managers. The course contains the basics of project management accounting and finance, including insights into cost accounting, budgeting, and tracking project profitability.
Most important, it provides project managers with a foundation of knowledge about the basics of business practices necessary to apply new skills to projects that they manage.