FROM NUMBERS TO DECISIONS
FINANCIAL ACUMEN FOR
EFFECTIVE PROJECT MANAGMENT
Arezoo Goudarzi,
Coming Soon
Course Start
Coming Soon
16 Hours
CAD $73.00
Previous Cohorts
Live Online
Outstanding Support
Valid Certificate
Course Language: Persian
Training Materials: English
Course Introduction
In practice, project management is fundamentally a continuous process of decision-making—and every project decision has a direct or indirect financial impact. This course is designed specifically for non-financial managers: professionals who are responsible for projects but are not accountants, nor are they expected to become one.
In this practical workshop, participants will become familiar with the financial language of projects without delving into complex accounting concepts. They will learn how to understand and interpret financial reports, make informed decisions based on financial information, and communicate more effectively with finance teams and senior management.
The course primarily focuses on managerial understanding, interpretation, and decision-making rather than complex calculations and formulas.
- Many projects fail not because of technical shortcomings, but because of poor or delayed financial decisions. A project manager who does not understand the language of finance may:
- Confuse budget with cost
- Treat profit and cash flow as the same
- Identify financial risks too late
- Be unable to provide reliable financial recommendations to senior management
- This course is designed to bridge that gap.
- Enhancing the financial literacy of project managers without requiring an accounting background
- Developing the ability to interpret project financial reports
- Improving decision-making under budget and cash-flow constraints
- Strengthening project managers’ negotiation skills with finance teams and stakeholders
- Reducing project financial risks through better forecasting and analysis
Project Managers
This is the primary target audience for the course. Project managers who want to strengthen their capabilities in budget management, cost control, and financial decision-making will greatly benefit from this program.
Project Team Members
Engineers, team leaders, supervisors, and other key project members who are involved in financial matters, resource allocation, or project-related decisions can benefit from this course.
Senior and Middle Managers Involved in Project Decisions
Managers responsible for overseeing projects who need a comprehensive understanding of project financial health and performance.
Entrepreneurs and Owners of Project-Based Businesses
Individuals who define and execute their own projects and need a deeper understanding of project financial management.
Individuals Seeking to Enter the Project Management Profession
Those who want to develop the knowledge and skills required to begin a career in project management and establish a strong foundation in the financial aspects of projects.
Course format
Delivered live online.
Course language
All course learning materials are in English, while the instruction is delivered in Persian.
Learning platform
The advanced and popular “LMS” learning system.
outlines
Financial Literacy for Project Managers (Non-Finance Professionals)
- Why Project Managers Need Financial Knowledge
- Key Concepts: Cost, Budget, Profit, and Cash Flow
- Understanding the Difference Between Profit and Cash in Projects
- An Introduction to Financial Statements in Simple Terms
Project Budgeting and Cash Flow
- Project Budgeting from a Non-Financial Manager’s Perspective
- Cost Estimation Without Delving into Accounting
- Project Cash Flow and Its Challenges
- The Impact of Payment Delays and Project Changes
Financial Control and Project Performance Monitoring
- Understanding What Cost Control Is—and What It Is Not
- A Practical Introduction to Earned Value Management (PV, EV, and AC)
- Interpreting CPI and SPI for Effective Decision-Making
- Forecasting the Project’s Future Financial Performance
Financial Decision-Making and Project Risks
- Project Economic Evaluation: Payback Period, NPV, and IRR at a Managerial Level
- Project Financial Risks
- The Project Manager’s Role in Decisions to Continue, Modify, or Terminate a Project
FAQ
Is This an Accounting Course?
- No. This course is designed for non-financial managers and focuses on managerial decision-making.
Does the Course Have Any Prerequisites?
- No. No prior knowledge of accounting or finance is required.
Does the Course Include Practical Exercises?
- Yes. Each half-day session includes practical exercises and real-world project scenarios.
Are the Classes Recorded?
- No. To maintain the quality of interaction and prevent unauthorized distribution of the course content, the sessions will not be recorded. Participants are required to attend all sessions live and online.
Is a Certificate Provided Upon Completion?
- Yes. At the end of the course, participants will receive an official certificate of participation and earn 12+ PDUs.
What Resources and Materials Will Be Provided?
- Official course materials
What Happens If I Miss a Session?
- As the sessions are not recorded, participants are strongly advised to attend and actively participate in all sessions.
TRAINER
Board Chair, Finance Leader, Trainer, and Management Consultant
Arezoo Goudarzi is the member of the Board at GIGAPM and has more than 27 years of professional experience in management, training, and consulting. Her work background includes management consulting, quality management, financial management, and strategy-related training. She has also translated and authored four specialized books in the field of quality management.
She holds an Executive MBA and a bachelor’s degree in Industrial Engineering. Her professional credentials and experience include PMI-PBA, Six Sigma Green Belt, EBC*L Level A, EFQM assessment, more than 100 training courses, and more than 10 academic and professional papers.
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