Budget Planning & Financial Risk Management in Projects
Course Info
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Course Details
Introduction
Objective
Who should attend
Effective budget planning and financial risk management are critical to ensuring project success and financial sustainability. Projects, regardless of industry, must navigate cost estimation, feasibility analysis, financial structuring, and risk mitigation to achieve their objectives while staying within scope, time, and budget constraints. Managing project finances effectively requires a deep understanding of budgeting techniques, financial modeling, and risk assessment frameworks to anticipate uncertainties and maintain profitability.
The Budget Planning & Financial Risk Management in Projects course provides professionals with the essential tools to develop project budgets, evaluate financial feasibility, optimize funding structures, and mitigate financial risks. This five-day training program covers project cost estimation, revenue modeling, financial performance monitoring, and risk-adjusted decision-making, equipping participants with practical insights and analytical techniques to drive financially sustainable project outcomes.
Course Outline
Overview of Project Management
- Understanding project management fundamental concepts and significance
- Distinguishing between strategic and operational project management
- Describing the project life cycle and its stages from initiation to closure
- Exploring the triple constraints of a project: Scope, time, and cost
- Guidelines and techniques to plan and schedule a project:
- Logic diagrams
- Project milestones and work breakdown structures (WBS)
- GANNT chart schedules
- Case Study: Reviewing real-world project charters, and analyzing their scope, stakeholders, and constraints
