Project financial management is a critical prerequisite for successful project execution. Through sound financial management, project management is provided with timely and precise financial information which is essential for effective decision-making as well as corrective action in order to enhance the prospects of timely completion within the planned project budget and scope of deliverables. Furthermore, it provides the comfort needed by the recipient country, lenders and donor community that funds have been used efficiently and for the purposes intended. Participants will be able to competently design and operate project financial management systems in accordance with sound professional standards and the harmonized requirements of donors and their respective governments.
WHO SHOULD ATTEND?
Managers and officers in the public and private sector who are directly or otherwise concerned with how externally acquired financial and other resources are utilized to optimize intended development objectives. Other organisations such as NGOs that are major recipients of donor funds will also benefit from attending this programme. Participants are expected to have basic knowledge of accounting in the public or private sector.
HOW PARTICIPANTS WILL BENEFIT
At the end of the course, participants will be able to:
Evaluate donor requirements for donor funded project;
Apply tools to implement financial management systems for effective control of donor funded project;
Develop risk management framework for donor funded projects.
Project challenges and conceptual framework;
Project financial management activities;
Project risk management;
Capital budgeting, financial analysis and financial control;
Sources of finance and negotiation in project finance;
Accounting systems, financial monitoring reports and annual financial reports;
Disbursement procedures of the funding agency and/or national government;
Understanding donor’s requirements for effective coordination;
Conflict, time and stress management in projects.