This 5-day training course is designed for IT Project Management Sr. Specialists who want to enhance their knowledge and skills in managing the financial aspect of IT projects. The course covers various aspects of IT project financial management, including budgeting, cost estimation, project financial reporting, and cost control.
Outputs:
At the end of this training course, participants will be able to:
Develop accurate project budgets and cost estimates
Monitor and control project costs effectively
Understand and apply various project financial management techniques
Develop and maintain accurate project financial reports
Identify and manage project financial risks
Objectives:
The objectives of this course are to:
Provide a comprehensive overview of IT project financial management
Offer hands-on experience in developing project budgets and cost estimates
Provide participants with a toolset for monitoring and controlling project costs
Develop participants' skills in project financial reporting and risk management
Who Should Attend this Course:
This course is designed for IT Project Management Sr. Specialists who are responsible for the financial management of IT projects. The course is suitable for those who want to enhance their knowledge and skills in this area and become more effective project managers.
Outline:
Day 1: Introduction to IT Project Financial Management
Topics covered:
Overview of IT project financial management
The role of the IT project manager in financial management
Overview of project budgeting and cost estimation
Day 2: Project Budgeting and Cost Estimation Techniques
Topics covered:
Overview of project budgeting techniques
Developing project cost estimates
Cost estimation tools and techniques
Bottom-up and top-down cost estimating methods
Day 3: Monitoring and Controlling Project Costs
Topics covered:
Overview of project cost control
Project cost monitoring and control techniques
Earned value management
Cost variance analysis
Day 4: Project Financial Reporting and Risk Management
Topics covered:
Overview of project financial reporting
Types of project financial reports
Overview of project risk management
Identifying and managing project financial risks
Day 5: Case Studies and Best Practices
Topics covered:
Real-world case studies of IT project financial management
Best practices for IT project financial management
Participants will work on case studies to apply what they have learned
Course wrap-up and feedback.
Throughout the course, participants will have the opportunity to work on practical exercises and case studies to apply the concepts and skills they have learned. The course will also include interactive discussions and opportunities for participants to share their experiences and insights.