Financial Mastery for Project Managers: Control Your Budget in Two Days

About This Course Duration: Two full day, from 9:00 AM to 5:00 PM. Delivery Mode: In-person classroom training. Virtual and in-house training options are also available upon request. Language: English. Credits: Participants will earn 16 PDUs / training hours. Certification: Each participant will receive a Course Completion Certificate. Refreshments: Complimentary lunch and refreshments will be provided during the training. Course Overview: This intensive course is designed to empower project managers with the essential financial management skills necessary to ensure project success. Covering foundational finance concepts and basic accounting principles, participants will learn how to effectively manage project finances, interpret financial reports, and make informed decisions that align with organizational goals. Key topics include project financial analysis, budget management, and the integration of financial strategies into project planning and execution. Participants will gain practical insights into financial forecasting, cost control, and project profitability assessment, equipping them with the tools to communicate confidently with stakeholders and optimize project outcomes. Learning Objectives: By the end of this course, participants will be able to: • Articulate the financial status of projects to stakeholders • Explain corporate accounting concepts • Maintain control over project estimates, profitability, and performance • Analyze the financial impact on projects • Make informed decisions regarding pricing, contracts, progress, and risks • Use financial information to predict project outcomes • Understand the financial responsibilities of project managers Prerequisites: Participants should have a basic understanding of project management principles. Course Materials: Participants will receive: • Course manual with presentation slides • Reference materials Examination: There is no exam for this course. Agenda: • Introduction and Overview • Benefits of Project Management • Project Contracting and Procurement • Key Financial Terms • Financial Cycles • Project Accounting and Financial Basics • Determining Project Financial Needs • Roles and Responsibilities • Financial Statements and Balance Sheets • Income Statement, Revenues, and Expenses • Cash Flow Statement • Basic Accounting Principles • Depreciation • Financial Justification and the Project Business Case • Portfolio Management: Aligning Strategy and Projects • Project Decision Points and Gating • The Project Business Case • Measure, Control, and Forecast - Financial and Profitability Measurements • Financial Principles and Metrics • Review of Purposes, Measurements, and Sentiments • Applying Finance and Accounting Principles to Project Management (including Earned Value Management) • Project Cost Estimates and Forecasting • Measuring Project Performance • Project Financial Performance and Profitability • Status Reports • Earned Value Management Target Audience: • Project Managers • Project Practitioners • Individuals involved in budget management • Individuals seeking to enhance their knowledge of accounting and financial concepts Technical Requirements: For eBooks: • Internet access for eBook download • Laptop, tablet, smartphone, eReader (excluding Kindle) • Adobe DRM supported software (e.g., Digital Editions, Bluefire Reader) Certification: Participants will receive a course completion certificate from Strivewisdom upon finishing the training. To discuss your team’s training needs, email us at [email protected] © 2026 StriveWisdom. All Rights Reserved.