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Finance for Project Managers Finance for Project Managers

Finance for Project Managers

Every company and every project have a cash cycle, and there is a growing need for financially fluent project managers who understand how projects contribute to the long-term financial success of the organisation. 

This course is designed to help non-financial managers learn key concepts and tools to ensure projects add to shareholder value. 

Master key financial concepts for better project investment decisions.
Certificate of Completion, 7 PDUs
1 Day
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Manage projects with long-term financial success

The Finance for Project Managers short course is designed to help you quickly learn the core fundamentals of finance and accounting in an easily understandable way.

Project managers and non-financial managers need to build a solid foundation in financial terms and concepts to interpret figures and understand what lies behind them. In this course you will get a better understanding of how to plan, track and evaluate a project or a business plan while assessing its economic viability and commercial profitability.

Gain a practical understanding of how to use financial data to inform and impact the decision-making process and be able to make more informed decisions within your organisation.

What will I learn?

This short course on finance is designed to broaden your understanding of financial concepts and how they can apply to investment decisions of future projects as well as the expected rates of return.

Learn more about the course by downloading the brochure below.
Learning Objectives

By the end of the course, you will be able to: 

  • Understand the company’s cash cycle and how each project fits into it.  
  • Apply financial reporting practices and techniques to projects. 
  • Identify the use, importance, and function of financial statements. 
  • Examine cash flow statements and explore its purpose. 
  • Explore budgeting methods and techniques. 
  • Review investment appraisal techniques and how they can be applied in the project context. 
Course Modules
  • Goals of financial management 
  • Cash cycle of the enterprise 
  • Reporting the results – the four financial statements 
Financial Statement Analysis
  • Profit & Loss Account
  • Balance Sheet
  • Fixed costs and break-even analysis
  • Understanding changes in owner’s equity and financial position
  • Measurements of business performance: ratio analysis – profitability, liquidity working capital efficiency, gearing and return of investment
  • Strategic financial analysis
  • Financing a project
Project Budgeting and Methods
  • Factors affecting discount rates 
  • Capital budgeting 
  • Accounting rate of return, ARR or ROI 
  • Payback period 
  • Net present value (NPV) 
  • Internal rate of return (IRR) 
  • Types of budgets 
  • Risk management 
  • Asset management  
  • Fixed assets and depreciation 
Controlling the Project
  • Controlling schedules and budget 
  • Organisational requirements for project control 
  • Earned value metrics (EMV) 
  • The value of real-time ABC for control 
  • Example: application of earned value techniques 
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Why Finance is Essential to Project Management

Every project needs to be planned according to a budget. Being a project management professional with a comprehensive understand of finance essentials will allow you to: 

  • Effectively allocate, forecast and assign costs to different areas of a project. 
  • Optimising the spend in a project. 
  • Assess the economic viability, financial stability and commercial profitability of a project. 
  • Improve project selection and prioritization. 
  • Forecast the success of a project and determine what value will be returned. 
  • Manage cash-flow, profit and loss accounts as well as balance sheets in order to monitor and control costs during a project. 
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This course is perfect for...

  • Project, Programme and Portfolio Managers.
  • Project Sponsors, Business leaders and decision-makers.
  • Mid to senior-level professionals implementing change and organisational strategy.
  • Anyone with the goal of better understanding financial concepts and how these apply to project investment decisions and the expected rates of return.


Not sure if this course is for you? Schedule a call to speak with an educational adviser.

Why Study With IPM?
Reputation & History
Project Management Experts
Essential Financial Skills
Unparalleled Expertise
Student Hub & Community
Reputation & History
  • Established in 1989 as the first Irish professional body dedicated to the promotion of project management as a discipline.
  • Trained 40,000 Professionals and Certified 6,000 Project Managers.
  • National Body for IPMA® in Ireland.
  • First PMP Certification exam hosted in Ireland.
  • Globally recognised certification body.
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Project Management Experts

The Institute is a specialist organisation dealing solely with the discipline of project, programme and portfolio management. Unlike other organisations, who offer a large variety of training programmes across many functional areas, our focus is purely on project management.

As a result, we attract the highest calibre of international lecturers – who offer invaluable knowledge to our students.

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Essential Financial Skills

The focus of this course is to help managers from various non-financial backgrounds master quickly fundamental financial terms and concepts – this is an essential skill while cost planning for a new project. Developing the capability to create a cash flow forecast for a project is critical to foresee potential losses and think of how to avoid them. Get the confidence to make informed and objective financial decisions.

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Unparalleled Expertise

Our graduates are instructed by a world-class faculty composed by a group of subject matter experts with unparalleled proficiency and knowledge in project, programme and portfolio management.

Lecturers range from Project Directors to former Heads of Project Management Certification Authorities.

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Student Hub & Community

Our dedicated Student Support team is here to help you stay relevant and connected to achieve your goals.

Joining the Institute’s community offers you an immersive and engaging learning experience where flexibility and interaction are key. Classroom and virtual learners will gain access to the Institute’s hub where they can find additional resources and connect with other participants to brainstorm, be inspired and share ideas.

Fee & Schedules

We don't currently have public dates advertised for this course - however please click here to request dates or for further information.
This course can be provided to your staff at your own premises with a convenient and cost-effective solution. Learn more

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Frequently Asked Questions (FAQ)

Find your questions answered and everything you need to know about the course.

Need further information?
What is included in the course fee?

The course fees include the access to all course materials on the Student Hub, live expert-led virtual classes, recordings and unlimited support from our Student Support team.

What are the delivery formats available for this course?
  • Online. Classes run over 1 day online from 9:00 am to 5:00 pm. Do not worry about missing an online class – a recording of each online class will be available for playback in the Student Hub for a limited period of time. 
  • Classroom. Choose weekly evening classes on campus for in-person learning with industry-expert lecturers. Classes run at the National College of Ireland (Dublin). Please note the scheduling of classroom courses may have been affected by Covid-19. 
Am I eligible for this course?

There are no prerequisites to participate in this course. However, a fundamental knowledge of project management methodologies could be helpful.

Is the course suitable for candidates without former PM knowledge?

This course is better for working professionals and managers from various non-financial backgrounds. A fundamental knowledge of project management could be helpful.

How long is the course?

The course runs for 1 day, from 9:00 am to 5:00 pm.

Is the course applicable to any industry?

Yes, the content of course is suitable for various industry sectors. We have students from different backgrounds – such as engineering, pharmaceuticals, design, construction, IT and many others – who completed the course successfully.

Will recordings be available if I miss a class?

A recording of each online class will be available for playback in the Student Hub for a limited period of time, so you do not need to worry about missing a class.

How will this course help with my career?

This course curriculum is designed by industry-experts to help you develop practical competences that are so valuable to hiring managers. At the end of this training, you will have greater insight into the role of financial strategy to make informed and objective financial decisions.

Will I get a certificate on this course?

Successful completion of this course results in a Certification of Completion and 7 Professional Development Units (PDUs).