Financial Management For Projects And Contracts Training

OBJECTIVES

By the end of this course, participants will understand:

• Key elements of finance and accounting relevant to good project and contract management
• Time value of money considerations and the importance of cash
• Evaluation criteria for Requests for Authorization (RFA)
• Best practices to manage contract pricing
• Link risk to costing and performance evaluation

CONTENT

Fundamentals of Finance

• Time value of money
• Discounted cash flows
• Direct vs. indirect costs
• Fixed vs. variable semi-variable costs
• Break-even analysis

Contract Profitability – Pricing

• Pricing strategy and tactics
• Profit planning
• Cost estimating
• Cost-based pricing
• Market-based pricing
• Value-based pricing

Asset Management – Cash is King

• Cash
• Timing of cash flows
• Inventory
• Equipment
• Revenue recognition
• Financing arrangement