To qualify the students in the project financial and budgets management and to assess the interface between the financial and others project’s areas.
To provide the students the possibilities to understand the cost estimates, financial quantification, etc. The course will also define and present the projects investment concepts and the project selection criteria.
At the end of the course the student will be able to:
- Compose the project’s financial structure
- Distinguish different types of project costs
- Determine the cost implications in the project scope and schedule changes
- Make the direct project cost / benefit calculation
- Buy different projects through the Net Present Value
- Determine the project Breakeven through the project schedule and budget
- Do a pre-project analysis and determine the investment’s financial viability
- Course duration [?]
- 16 hours
- Number of participants [?]
- Minimum 20 students per class
- Target audience
- Project managers, project team members, PMO members, cost managers, buyers and others stakeholders interested in the project management process.
- Desirable project management knowledge.
- Language(s) [?]
- Portuguese, English and Spanish
- Provided by the contractor. Worldwide attendance.
- Certification and PDU [?]
- All training participants will receive a participation certificate with 16 PMI's PDUs.
(PMI R.E.P. activity number: Macro006)
Teaching Methodology Top ↑
Macrosolutions had developed the market's most awarded dynamics, concerning the projects training.
In this course, the following dynamics will be used:
The courseware to be received by the students will consist of slides, articles and lists of exercises, and it may also contain the following special products by Ricardo Vargas:
- Book Project Management: Establishing Competitive Advantages
- Book Practical Guide to the Project Plan
- 5 Minutes PM Videocast. Practical classes with Ricardo Vargas. DVD distributed worldwide by Microsoft that celebrates the Microsoft Project 2010 launch.
Exclusive student access area
In addition to the exclusive printed material, all participants will have access to the courseware’s electronic version, to the files of exercises and to the work done in the classroom.
The access is given through the restricted site that is available and prepared by the Macrosolutions team considering each course that we provide. This initiative is a pioneer in the educational market and also anticipates trends related to the documents’ electronic management
Training basic program
- ‣ Course opening
- 1. The context of project financial management
- The different types of costs
- Price formation
- Operating profit
- 2. The relationship between quality x costs x schedule
- Direct relationship
- Priority differences among projects
- Cost x Time relationship
- Cost x Performance relationship
- 3. The Project Phases
- The 5 project phases
- The 5 project phases
- The overlapping of phases in the PMBOK
- The interference of the phases in the project cost management
- The 42 processes that constitute the PMBOK – 4th Edition
- 4. The Project Cost Management processes
- Cost estimating
- Cost Control
- 5. Cost Estimating
- Detailed estimating
- Monetary adjustments
- 6. Qualitative Financial Management Tools and Project Selection Tools
- Project selection
- Present value
- Benefit cost analysis
- Net present value
- Break-even point
- Fast tracking
- 7. Cost control, in Investment Projects
- Order of magnitude control
- Pre-project analysis
- Price formation in investment projects
- ‣ Course close-out
Supported standards and methodologies
Project Management Institute (PMI) PMBOK Guide Yes PMI Practice Standard for Estimating Yes PMI Practice Standard for Earned Value Management Yes PMI Practice Standard for Configuration Management — PMI Practice Standard for Risk Management — PMI Practice Standard for Work Breakdown Structure Yes PMI Practice Standard for Scheduling Yes PMI Standard for Portfolio Management — PMI Standard for Program Management — PMI Project Manager Development Competency Framework — Organizational Project Management Maturity Model (OPM3®) — UK Office of Government Commerce (OGC) PRINCE2 (Projects in Controlled Environments) Yes MSP (Managing Successful Programmes) — M_O_R (Management of Risks) — P3M3 (Portfolio, Programme, and Project Management Maturity Model) — P3O (Portfolio, Programme and Project Offices) — MoP (Management of Portfolios) — MoV (Management of Value) — Scrum Alliance Scrum Methodology — International Project Management Association (IPMA) ICB® IPMA Competence Baseline —