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:
- Work within a team to critically analyse the financial performance of a project.
- Collaborate in a team to examine project cost and appraise project investment decision(s).
- Critically evaluate the financial source(s) used to fund a project and justify their suitability.
- Critically analyse the risk assessment of a project including the risk mitigation strategies.
Indicative reading list
Association for project management 2019, APM body of knowledge, 7th edn, Association for Project Management, Princes Risborough, Buckinghamshire.
Bamber, M. & Parry, S. 2020, Accounting and finance for managers: a business decision making approach, Third edn, KoganPage, London.
Bhimani, A., Horngren, C.T., Datar, S.M. & Rajan, M.V. 2023, Management and cost accounting, 8th edn, Pearson, Harlow, England.
Callahan, K.R., Stetz, G.S. & Brooks, L.M. 2011, Project management accounting: budgeting, tracking, and reporting costs and profitability, 2nd edn, Wiley, Hoboken, N.J.
Drury, C. 2023, Management and cost accounting, 12th edn, Cengage Learning, Andover.
Dyson, J.R. & Franklin, E. 2020, Accounting for non-accounting students, 10th edn, Pearson, Harlow, England.
Fabozzi, F.J. & Nahlik, C.F.D. 2021, Project financing: analyzing and structuring projects, World Scientific, Singapore.
Gatti, S. 2023, Project finance in theory and practice: designing, structuring, and financing private and public projects, 4th edn, Academic Press, Amsterdam.
Kerzner, H. 2022, Project management: a systems approach to planning, scheduling, and controlling, 13th edn, Wiley, Hoboken, New Jersey.
Yescombe, E.R. 2014, Principles of project finance, 2nd edn, Academic Press, Kidlington, Oxford.
View reading list on Talis Aspire
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, Problem Solving, Information Literacy, 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 - post contact time included in online (independent)
Costs
No further costs have been identified for this module.
You must pass all assessment components to pass the module.
Assessment group A2
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| Group Presentation | 30% | 18 hours | No |
|
A group presentation concerning a case study. The presentation mark incorporates a collective mark component and an individual mark that is based on peer review. |
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| Post Module Assignment | 70% | 42 hours | Yes (extension) |
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Report to cover specific Learning Objectives. |
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Feedback on assessment
Written feedback of Post Module Assignment.
There is currently no information about the courses for which this module is core or optional.