WM9H9-15 Project Financial Management
Introductory description
This module addresses the financial management of projects. It provides a basic understanding of main financial statements, so that participants can understand and analyse financial information of a business. It also gives an introduction to management accounting concepts and techniques as an aid to effective project financial planning and control. The module introduces the financing of projects, the evaluation of capital investment projects and project risk management.
Module aims
This module is designed to develop the knowledge and understanding in financial management of projects. To enable students to interpret financial information and apply key accounting principles and techniques to projects. To equip students with knowledge and skills required to effectively manage resources and costs associated with the projects.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
Introduction to Project and Business Finance; Financial Statements; Profit vs Cash; Budgetary Control Systems; Costing Techniques to ascertain, recover and control costs; Marginal Costing and Break-even Analysis; Capital Expenditure Evaluation and Financial Evaluation of Projects; Financing and Business Structures for Large Projects.
Learning outcomes
By the end of the module, students should be able to:
- Critically assess the financial performance of a business by analysing and integrating its financial statements.
- Critically evaluate project investment decisions including risk assessment.
- Select and justify and apply appropriate management accounting techniques for project cost and budgetary control.
- Critically assess the financial source options for a project and recommend the most suitable financing method(s).
Indicative reading list
Bamber, M., Parry S (2018) Accounting and finance for managers: a decision-making approach 2nd edition, New York: Kogan Page (ISBN: 9780749481148)
Bhimani, A. (2019) Management and Cost Accounting 7th edition Harlow, England: Pearson (ISBN: 9781292232676)
Callahan, K.R., Stetz, G.S., Brooks, L.M. (2011) Project Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitability Hoboken, New Jersey: John Wiley and Sons Inc (ISBN: 9786613176158)
Dyson, J. R., Franklin, E. (2020) Accounting for non-accounting students 10th edition Harlow, England: Pearson (ISBN: 9781292286969)
Gatti, S. (2018) Project finance in theory and practice: designing, structuring and financing private and public projects London: Academic Press (ISBN: 9780128114025)
Subject specific skills
Project Financing, Budgeting, Cost Control, Project Evaluation, Understanding of Financial Statements, Cash Management.
Transferable skills
Financial/Numerical, Analysis, Communication, Teamwork, Presentation, Organisational, Planning, Critical Thinking, Time Management, Technology (excel).
Study time
| Type | Required |
|---|---|
| Lectures | 15 sessions of 1 hour (10%) |
| Seminars | 15 sessions of 1 hour (10%) |
| Online learning (scheduled sessions) | (0%) |
| Online learning (independent) | 30 sessions of 1 hour (20%) |
| Private study | 30 hours (20%) |
| Assessment | 60 hours (40%) |
| Total | 150 hours |
Private study description
Self-study, reading and reflection; Syndicate work for in-module presentation (assessed) ; Note - pre/[post contact time included in 'online (independent)
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A1
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| In-class Open Book Online Test | 20% | 10 hours | No |
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An open book online test to assess the pre-module work. |
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| Group Presentation | 20% | 10 hours | No |
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A group presentation concerning a case study. |
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| Post Module Assignment | 60% | 40 hours | Yes (extension) |
|
Essay to cover specific Learning Objectives. |
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Assessment group R1
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| Post Module Assignment | 100% | Yes (extension) | |
|
Essay to cover specific Learning Objectives. |
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Feedback on assessment
Written feedback of Post Module Assignment.
Note - some Learning Outcomes seem to be covered twice to allow recovery should first chronological be failed.
Courses
This module is Core optional for:
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TWMS-H1SB Postgraduate Taught Programme and Project Management (Full-time)
- Year 1 of H1SB Programme and Project Management (Full-time)
- Year 1 of H1SB Programme and Project Management (Full-time)