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 project. It also introduces essential management accounting concepts and techniques for effective project financial planning and control. Additionally, the module covers investment appraisal methods, sources of project financing, and performance evaluation techniques, enabling informed financial decision-making and enhancing overall project success.

When this module is delivered in Overseas Programmes , it is delivered in a 1-week (FT) or 2-weekend (PT) blocks, instead of the standard 4-week block format.

Module web page

Module aims

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 Financial Management; Financial Statements; Capital vs Revenue Expenditure; Cost Estimation Techniques, Costing Methods, Cost Control, Budgetary Control Systems; Sources of Financing Projects, Investment Appraisal; Project Evaluation; Financial Reporting; Financial Performance;

Learning outcomes

By the end of the module, students should be able to:

• Work within a team to analyse the financial performance of a project using appropriate metrics to form evidence-based conclusions.
• Collaborate in a team to differentiate and justify the suitability of cost estimation technique(s) and examine project costs to enhance financial planning.
• Apply investment appraisal methods to assess project feasibility and recommend decisions that align with strategic objectives.
• Critically evaluate and defend suitable financing source(s) to fund a project by synthesising relevant literature to provide a clear opinion.

Indicative reading list

Reading lists can be found in Talis

Specific reading list for the module

Subject specific skills

Project Financing, Budgeting, Estimation, Cost Control, Project Evaluation, Understanding of Financial Statements, Financial Analysis

Transferable skills

Financial/Numerical, Analysis, Communication, Teamwork, Presentation, Organisational, Planning, Critical Thinking, Problem Solving, Information Literacy, Time Management, Technology (excel).