Faculty of Good Governance & Public policy
3rd – 7th February 2025 – Rotterdam
Without a reasonable level of financial awareness, any manager would be under-prepared to meet their responsibilities in mobilizing and overseeing the management of resources efficiently and effectively.
Developing financial awareness is therefore paramount in managing any activity, be it a Program, project or departmental budget.
It is therefore essential for every manager to develop and enhance their understanding of core financial management practices. This is particularly business-critical where the manager may be overseeing a Program or project with
Course Objectives
At the end of the course, participants should be able to:
- Effectively lead and manage their team, department or business unit from a financial perspective through understanding and utilizing core financial management principles and best practices
- Confidently plan a new project or venture by setting budget and understanding how to track performance against it
- Create models for projects, expenses and other necessary expenditure items to assess their financial viability
- Understand financial reports, critically access the information and challenge ‘numbers’ where necessary
Target Participants
The course is ideal for finance personnel, managers who face financial decisions or about to take up such position and those who seek to develop or refresh their financial skills in handling purchases, human resources and employee benefit negotiations
Outline
- Budget Management & Reporting
- Types of Budget- Budgeting Systems & Processes
- Building Budget Estimates and Forecasts
- Developing Budget Templates
- Cost Drivers and Cost Allocation Methods
- Budget Variances, Analysis and Corrective Actions
- Budget Reporting & Communications
- Interpreting Financial Statement
- Utilizing Effective Internal Reporting Systems
- Managing Project Budgets
- Project Cost Estimation Process
- Work Breakdown Schedules
- Project Cost Control and Avoiding Cost Escalations
Nothing Beats the right skills for personal and organisational growth
No matter the expertise level you intend to pursue, we always have the right programme for you