Premise
Successful Implementation of development projects, especially internationally funded projects require sound financial management skills. In many cases, those entrusted with financial management of internationally funded projects needs to upgrade their skills. Therefore they contend with predetermined and possibly ambitious project schedules with substantial investment with budgets in absence of result-based financial management tools and systems indispensable for financial decision making, financial control of project progress and achievement of project performance and delivery parameters.
This training will be of benefit to the participants because it will expose them to the essential knowledge areas of financial management with emphasis on the competence needed during the project formulation and implementation phases. It would also provide participants with detailed and practical guidance on universally accepted financial management standards and its adoption for internationally funded projects
Key Learning Outcome
At the end of this training, participants will be able to:
- Design financial plan for their enterprises
- Manage financial resources effectively and exercise necessary control measures
- Apply donor’s criteria in the financial management of sponsored projects
- Identify risk associated with investment decisions and proffer solution
- Advise on management of funds/ resources
- Interpret financial statements (income and expenditure)
Course Content
- Financial Management : Overview
- Financial Management and current economic environment
- Sources of Project Finance
- Financial Planning and Control
- Financial management of sponsored projects
- Risk and challenges associated with investment decisions
- Cost-Benefits Analysis and Expenditure Control
- Book Keeping
- Investment Management
- Inventory Management
- Working Capital Management
- Budgeting and Budgetary Control
Target Participants:
- Project Managers
- Administrators
- Finance Executives
- Risk Analyst
Course Duration: 3 Days
