Project Financial Management

Project Financial Management is very essential to any project. This course provides a training course in Financial Management for projects. It explores the different stages of planning and implementing a project. Students will learn how to anticipate and prevent problems that may arise during the course of a project.

Course Objectives


At the end of the course, students would be able to

Define Project Financial Management

Identify important fundamentals of project financial management

Acquire requisite skills to be able to complete a project

To devise a project management framework for small- and large-scale projects

To manage conflict, constraints and other challenges effectively


 Course Outline


Chapter 1 - Overview Project Financial Management

·         Definition of Project Financial Management

·         Definition of Project

·         Types of Project

·         Project Life Cycle

·         Importance of Project Financial Management

·         Difficulties in Managing projects


Chapter 2 - Project Finance

·         Means of Financing Projects

·         Cost of projects

·         Project budgeting

 

Chapter 3 - Knowledge areas of Project Management

·         Project integration management

·         Project scope management

·         Project time management

·         Project cost management

·         Project resource management

·         Project communications management

·         Project risk management

Chapter 4 - Project management skills

·         Leadership

·         Negotiation

·         Communication

·         Conflict management

·         Planning and organization

·         Critical thinking

·         Time management

·         Problem thinking

Chapter 4 - Stages of Project management

·         Initiation

·         Planning

·         Execution

·         Monitoring and evaluation

·         Project closure

Chapter 5 - Challenges to Project management

·         Poorly defined goals and objectives

·         Poor management

·         Budget constrains

·         Poor communication

·         Conflict

·         Inadequate risk management

 

 Course Instruction

The course will be taught by a combination of online and face to face lectures and seminars. Students are required to make seminar presentation using Microsoft project software in groups to create a project with the following steps: identifying the correct steps in project creation, project initiation, planning, evaluation.

Assessment and Grading

Assignments                                                           10%

Presentation projects                                              10 %

Mid-term exam                                                       10%                             

Final exam                                                              70%

 

Grading Scale

A            90-100

A-           80-89

B+           75-79

B             70-74

B-             65-69

C+            60-64

 

Assignment Submissions

Assignments must be completed and submitted by the designated due date in the designated location. Failure to submit an assignment on time and in the designated location is considered as no submission and will be scored accordingly.

 

Recommended Reading list

Project Management Institute (2017) A Guide to the project management body of knowledge (PMBOK) Guide (6th ed.)

Joseph Heagney (2016) Fundamentals of Project Management (5th  ed.). AMACOM

Greg Horine (2017) Project Management: Absolute Beginner’s Guide (4th ed.) Que Publishing