Culture and Arts Cultural Studies

Project Financial Management for Managers Training

SAQA US 242650 | NQF 5 | Credits 15 | Duration 12 Days
From $1,625 per delegate

Description

This course equips managers with the financial skills required to effectively manage project budgets, monitor costs, and ensure financial accountability throughout the project lifecycle. Participants will learn to apply financial principles to enhance project decision-making and reporting.

Learning Outcomes

  • Apply financial management principles to project planning and budgeting
  • Analyze project financial data to monitor performance and identify variances.
  • Evaluate project financial reports to support informed decision-making
  • Implement cost control measures to keep projects within approved budgets
  • Demonstrate the ability to manage project cash flows and financial risks
  • Design financial reports that communicate project financial status to stakeholders

Target Audience

This course is designed for project managers, team leaders, and senior professionals who are responsible for managing project finances and ensuring projects are delivered within budget.

Prerequisites

None — open enrollment

Course Outline

Day 1: Introduction to Project Financial Management

Objectives:
• Understand the purpose and scope of project financial management
• Identify key financial concepts relevant to project management
• Recognise the role of a manager in financial oversight
• Differentiate between project and operational budgets

Topics:
• Overview of project financial management
• Key financial terms and concepts
• The project lifecycle and financial planning
• Roles and responsibilities of managers in project finance
• Introduction to financial governance and compliance

Day 2: Project Budgeting Fundamentals

Objectives:
• Define budgeting and its importance in projects
• Identify different types of project budgets
• Understand the budgeting process and techniques
• Apply cost estimation methods

Topics:
• Types of budgets: fixed, flexible, zero-based
• Budgeting process: planning, estimating, budgeting
• Cost estimation techniques: analogous, parametric, bottom-up
• Direct vs indirect costs
• Contingency and management reserves

Day 3: Cost Estimation and Forecasting

Objectives:
• Use various cost estimation techniques effectively
• Develop accurate cost forecasts
• Understand the impact of uncertainty on cost estimates
• Apply forecasting methods to project data

Topics:
• Detailed cost estimation methods
• Forecasting techniques: trend analysis, earned value management
• Dealing with uncertainty and risk in estimates
• Cost baseline and cost budgeting
• Software tools for cost estimation

Day 4: Financial Planning and Cash Flow Management

Objectives:
• Create a project financial plan
• Manage project cash flow effectively
• Understand the time value of money
• Apply discounted cash flow techniques

Topics:
• Components of a financial plan
• Cash flow forecasting and management
• Time value of money: present and future value
• Net present value (NPV) and internal rate of return (IRR)
• Payback period analysis

Day 5: Financial Reporting and Monitoring

Objectives:
• Identify key financial reports for projects
• Monitor project financial performance
• Understand variance analysis
• Use financial reports for decision-making

Topics:
• Financial statements: income statement, balance sheet, cash flow statement
• Project cost reports and dashboards
• Variance analysis: cost and schedule variances
• Earned value management (EVM) basics
• Reporting frequency and stakeholders

Day 6: Cost Control and Performance Measurement

Objectives:
• Implement cost control techniques
• Use earned value management for performance measurement
• Analyse cost performance indices
• Take corrective actions based on financial data

Topics:
• Cost control methods: change control, reserve analysis
• Earned value management: planned value, earned value, actual cost
• Cost performance index (CPI) and schedule performance index (SPI)
• To-complete performance index (TCPI)
• Forecasting final project costs

Day 7: Procurement and Contract Financial Management

Objectives:
• Understand procurement financial processes
• Manage contract finances and payments
• Evaluate supplier financial proposals
• Ensure compliance with procurement policies

Topics:
• Procurement planning and budgeting
• Types of contracts: fixed-price, cost-reimbursable, time and materials
• Financial evaluation of bids
• Contract payment terms and milestones
• Managing change orders and claims

Day 8: Risk Management and Financial Contingency

Objectives:
• Identify financial risks in projects
• Quantify and prioritise financial risks
• Develop risk response strategies
• Allocate contingency reserves appropriately

Topics:
• Financial risk identification techniques
• Qualitative and quantitative risk analysis
• Expected monetary value (EMV) analysis
• Risk response strategies: avoid, transfer, mitigate, accept
• Contingency reserve estimation and management

Day 9: Project Financing and Funding Options

Objectives:
• Identify sources of project financing
• Evaluate funding options and their costs
• Understand capital structure and cost of capital
• Apply financing decisions to project context

Topics:
• Sources of finance: equity, debt, grants
• Cost of capital: weighted average cost of capital (WACC)
• Capital budgeting decisions
• Project finance vs corporate finance
• Funding proposal preparation

Day 10: Financial Governance, Compliance, and Ethics

Objectives:
• Understand financial governance frameworks
• Ensure compliance with relevant regulations
• Apply ethical principles in financial management
• Identify consequences of non-compliance

Topics:
• Corporate governance and financial policies
• Regulatory requirements: tax, labour, environmental
• Ethical decision-making in project finance
• Fraud prevention and detection
• Audit processes and internal controls

Day 11: Advanced Topics in Project Financial Management

Objectives:
• Apply advanced financial analysis techniques
• Use financial metrics for project evaluation
• Integrate financial management with project management processes
• Handle multi-project financial scenarios

Topics:
• Advanced EVM: forecasting and trend analysis
• Financial metrics: ROI, ROE, profitability index
• Portfolio financial management
• Resource levelling and cost optimisation
• Scenario analysis and sensitivity analysis

Day 12: Integration, Review, and Practical Application

Objectives:
• Synthesise all course concepts into a coherent financial management plan
• Apply learning to a comprehensive case study
• Review key takeaways and best practices
• Prepare for assessment

Topics:
• Comprehensive case study: develop a full project financial plan
• Peer review and feedback
• Integration of budgeting, forecasting, control, and reporting
• Common pitfalls and how to avoid them
• Course summary and assessment preparation

Practicals

36 hours of practicals To be conducted online or on-campus or in-house
Overview

The practicals component allows learners to apply theoretical knowledge to realistic project scenarios, using templates and software tools to create budgets, forecasts, and financial reports. Hands-on exercises reinforce cost estimation, earned value analysis, and risk quantification skills.

Practical Activities
  • Practical 1: Budget Development and Cost Estimation — Learners work in groups to develop a detailed project budget using given project scope and cost data, applying estimation techniques and justifying assumptions. (8h)
  • Practical 2: Cash Flow Forecasting and Financial Planning — Using a project case, learners create a cash flow forecast and financial plan, including NPV and IRR calculations, and present their findings. (8h)
  • Practical 3: Earned Value Management and Cost Control — Learners analyse project progress data to calculate EVM metrics, identify variances, and recommend corrective actions using software or spreadsheets. (8h)
  • Practical 4: Financial Risk Assessment and Contingency Planning — Learners identify and quantify financial risks for a project, perform EMV analysis, and develop a contingency plan with reserve allocation. (6h)
  • Practical 5: Comprehensive Project Financial Plan — Teams integrate all previous practicals into a complete financial management plan for a complex project, including budget, cash flow, EVM, and risk plan, and present to the class. (6h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total
Component Out of Weight
Practical Assignments (rubric-scored) 100% 30%
Daily Average (multiple choice) 100% 20%
Final Test (multi-answer multiple choice) 100% 50%
Final Total 100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

Certificate of Completion

Awarded to delegates who achieve an overall mark of 50% or higher on the Final Total (Practicals 30% + Daily Average 20% + Final Test 50%).

How it works
  • Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
  • Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
  • You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
  • If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.
Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.

Upcoming Training Sessions
Online training — attend live sessions from anywhere via our virtual classroom.
Start End Delivery Season Price Action
Mon 07 Sep 2026 Tue 22 Sep 2026 Virtual Spring 2026 $1,625 Register
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Wed 29 Dec 2027 Thu 13 Jan 2028 Virtual Summer 2027 $1,625 Register
Tue 18 Jan 2028 Wed 02 Feb 2028 Virtual Summer 2027 $1,625 Register
On-Campus training — face-to-face sessions at our training venues across Africa and beyond.
Showing all 482 sessions across 26 venues
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Fri 21 Aug 2026 Mon 07 Sep 2026 Harare, Zimbabwe Winter 2026 $4,601 Register
Fri 21 Aug 2026 Mon 07 Sep 2026 Dubai, UAE Winter 2026 $6,761 Register
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Tue 25 Aug 2026 Wed 09 Sep 2026 Durban, South Africa Winter 2026 $4,439 Register
In-House training — we bring the trainer to your organisation, tailored to your team.
Start End Delivery Season Price Action
Tue 15 Sep 2026 Wed 30 Sep 2026 Your Premises Spring 2026 $2,111 Register
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Mon 15 Mar 2027 Tue 30 Mar 2027 Your Premises Autumn 2027 $2,111 Register
Fri 26 Mar 2027 Mon 12 Apr 2027 Your Premises Autumn 2027 $2,111 Register
Thu 17 Jun 2027 Fri 02 Jul 2027 Your Premises Winter 2027 $2,111 Register
Wed 07 Jul 2027 Thu 22 Jul 2027 Your Premises Winter 2027 $2,111 Register
Tue 27 Jul 2027 Wed 11 Aug 2027 Your Premises Winter 2027 $2,111 Register
Mon 13 Sep 2027 Tue 28 Sep 2027 Your Premises Spring 2027 $2,111 Register
Fri 08 Oct 2027 Mon 25 Oct 2027 Your Premises Spring 2027 $2,111 Register
Thu 28 Oct 2027 Fri 12 Nov 2027 Your Premises Spring 2027 $2,111 Register
Fri 17 Dec 2027 Mon 03 Jan 2028 Your Premises Summer 2027 $2,111 Register
Thu 06 Jan 2028 Fri 21 Jan 2028 Your Premises Summer 2027 $2,111 Register
Wed 26 Jan 2028 Thu 10 Feb 2028 Your Premises Summer 2027 $2,111 Register
Training Discounts
Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% off per 5 delegates, up to 40% for 100+

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