Apply finance concepts for smart project management
4.0 (136 ratings)
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Apply finance concepts for smart project management

Learn to read financial statements and make a meaningful interpretation for effective business decisions.
4.0 (136 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
2,638 students enrolled
Created by Shilpa Khire
Last updated 11/2016
English
Price: Free
Includes:
  • 2 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand the basics of financial statements that are useful for a project manager.
  • Understand the important finacial concepts useful in business.
  • Learn various project evaluation techniques and how to apply them.
  • Learn how to keep a track of your project by proper forecasting, budgeting and variance analysis.
View Curriculum
Requirements
  • There are no pre requisites to attending this course. Anyone who wants to understand about financial statements can take this course. But more specifically, this course is extremely useful to the following categories of people :
  • 1. Business managers, project managers who want to take the help of financial statements for important business decisions.
  • 2. Enterpreneurs who want to pitch their idea to to investors, venture funds can use financial statements to justify their proposition.
Description

What do you do when you have to present a comparative project profitability to your boss? Can you have a quick glance at the financial statements of your company or your project and talk about the the ROI, gross margins, net margins? Can you quickly spot the places where your project needs improvement? If you face all these questions, you have come to the right place. In this course, we will learn:

1. How to speak the language of finance.

2. Learn to understand financial statements and make a meaningful interpretation of effective business decisions.

3. Compare your company or project with the rival company or projects

4. Use financial data to defend budget requests

5. Avoid running out of cash

6. Sell your brilliant idea with ROI

7. Avoid putting too much faith in the numbers


Who is the target audience?
  • This course is mainly intended for project managers, business managers and any other non technical executives who would like to learn the use of financial statements for making smart business decisions.
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Curriculum For This Course
Expand All 24 Lectures Collapse All 24 Lectures 01:55:51
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Understand and apply financial concepts for making effective business decisions
12 Lectures 56:44

In this lecture, the students will understand about the course structure and its objectives in detail.

Introduction and course outline
03:26

In this lecture, we will look at the different types of financial statements and also understand the different areas in which this knowledge can be useful to the project manager.

Understanding Financial Statements
04:20

In this lecture, we will understand

1. What is a Balance Sheet

2. What are its different components

3. How is it prepared

4. How is it useful to a project manager.

Understanding Balance Sheet
03:29

In this lecture, we will understand broadly about the Profit & Loss statement and its main components.

Understanding the Income Statement - Part 1
02:17

In this lecture, we will look at the expanded version of the Profit & Loss account, understand how it is prepared and study every line item in detail.

Understanding the Income Statement - Part 2
04:51

This is practical case study where we will be applying the concepts studied in the last lecture and understand how a project manager was able to achieve a reduction in the headcount using his financial knowledge - The P&L statement.

Case study - Avoid reduction in headcount using P&L statement
08:10

We will look at the different ways of measuring the growth or profitability of a project. E.g. revenue growth, increase in the profit margin etc.

Understanding growth or profitability measures
05:53

Cash profit is not equal to book profit and why do we need both?
05:16

This lecture shares some practical tips to help a project manager improve the cash position of his business and thereby improve profitability.

How to improve the cash flow position of a project ?
05:08

This is a very important concept that can be useful to managers at all times. Return on Investment will help managers to explain their current project returns or justify a new business idea.

Return on investment (ROI)
04:47

Capex and Opex are are two commonly used terms in businesses. These terms are used very often by the management and may be extremely confusing to non finance managers. Understanding these terms will help the manager to put up a very effective case for budget sanction in front of his boss.

Capex Vs. Opex
04:35

A very practical discussion of various day to day business scenarios and how to overcome them using financial knowledge which we have acquired in this course.

Case studies to help you solve everyday practical problems in workplace
04:32
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Project Evaluation Techniques
7 Lectures 25:57
Introduction
01:17

Students will learn the concept of present value and how to calculate the present value of cash flows for a project with the help of various examples.

Present Value Method
05:54

Students will learn how to calculate the Net Present Value (NPV) for a project using the future cash flows. They will also learn about the benefits of using this method. All of this is explained with the help of practical examples.

Net Present Value Method
05:05

Students will learn what is opportunity cost, how to calculate it with day to day examples and how to use it for making project comparison.

Opportunity Cost
03:31

Students will learn the conecpt of Internal Rate of Return (IRR), learn how to calculate it with the help of an example and how to use it for analyzing several projects on the same level.

Internal Rate of Return
04:04

Students will learn how to calculate Cost Benefit Analysis (CBA) and how to analyze projects using this method.

Cost Benefit Analysis
03:05

Students will learn how to calculate the pay back period for any project investment with the help of an example along with the  pros and cons of this method.

Pay Back Period
03:01

Project Evaluation Techniques
3 questions
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Forecasting, Budgeting and Variance Analysis
5 Lectures 33:10
Forecasting, Budgeting and Variance Analysis - Introduction
03:44

Students will understand how forecasts are prepared at the top level. Having an understanding of how these forecasts are prepared will help managers to meet their revenue targets.

Forecasting
06:08

Students will understand how to prepare budgets for a project. They will understand the difference between direct and indirect costs and how a proper allocation of costs can help in keeping costs under control.

Budgeting
06:26

Students will understand how preparation of a proper budget can make the process of variance analysis very easy.

Variance Analysis
03:08

Case Study - Project Evaluation Techniques
13:44
About the Instructor
Shilpa Khire
4.1 Average rating
155 Reviews
4,131 Students
2 Courses
Financial Analyst

Hi...this is Shilpa. I am a financial analyst and have advised many corporates on the topics of financial and project data analysis, business valuation, company valuations and project finance. I am also a international tax advisor. I have my own consultancy where I advice clients on cross border taxation and tax/financial planning.

I am a Chartered Accountant(India) and have a Masters in Finance. I have passed the CPA exam. I have over 10 years of experience in the finance domain.

Besides my professional qualification, I am a avid reader. I love to read on various topics, Warren Buffet being one of my favorites in the field of finance. I love to read and implement the teachings of those people who have adopted a simplistic approach in their solutions...be it in personal life or professional life. This is one of the primary factors which attracted me towards teaching. I love to teach in a way that is easy to understand, practice and implement.