ES9R7-10 Project Financial Management
Introductory description
This module addresses the financial management of projects. It provides a basic understanding of business accounting statements, so that participants can interpret financial information. It gives an introduction to management accounting practices as an aid to effective project financial planning and control. It introduces the financing of projects.
Module aims
This module addresses the financial management of projects. It provides a basic understanding of business accounting statements, so that participants can interpret financial information. It gives an introduction to management accounting practices as an aid to effective project financial planning and control. It introduces the financing of 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. Control of cash flow and its implications
Budgetary Control Systems and Techniques
Costing Techniques to ascertain, recover and control costs
Marginal Costing and Contribution 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:
- 1. Understand the basics of business accounting statements
- 2. Analyse the profit and cash flow implications of project management
- 3. Evaluate the budgeting and control process
- 4. Critically evaluate the capital expenditure decisions behind budgeting for long term projects, including dealing with risk
- 5. Understand and debate the implications of different financial and business structures for large projects
Indicative reading list
Bamber, M., Parry S (2017) Accounting and finance for managers: a decision-making approach London, Kogan Page 2nd edition (ISBN-13: 978-0749481148)
Callahan, K.R., Stetz, G.S., Brooks, L.M. (2007) Project Management Accounting Hoboken, New Jersey, John Wiley and Sons Inc (ISBN: 9780470952344)
Gatti, S. (2013) Project finance in theory and practice: designing, structuring and financing private and public projects Academic Press (ISBN: 9780123919465)
Bhimani, A., Horngren, C.T. , Datar, S.M. Foster, G. (2008), Management and Cost accounting Harlow, Essex: Pearson Education Limited. Sixth edition (ISBN: 9781405888202)
View reading list on Talis Aspire
Subject specific skills
Project Financing, Budgeting, Forecasting, Cost control, Investment appraisal, understand financial statements, Cash Management.
Transferable skills
Financial/Numerical, Analysis, Communication, Teamwork, Presentation, Organisational, Planning, Critical thinking, Organisational, Technology (excel)
Study time
| Type | Required |
|---|---|
| Lectures | 20 sessions of 1 hour (20%) |
| Seminars | 20 sessions of 1 hour (20%) |
| Private study | 60 hours (60%) |
| Total | 100 hours |
Private study description
Guided independent study.
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 | |
|---|---|---|---|
Assessment component |
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| Assessed work as specified by department | 100% | Yes (extension) | |
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Coursework (2,500-3000 words) (70%) plus in-module presentation(s)(30%) |
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Reassessment component |
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| Assessed as specified by department | Yes (extension) | ||
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100% Post Module Assignmemt |
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Feedback on assessment
Written feedback of post-module assignment.
Courses
This module is Core optional for:
- Year 1 of TESS-H1ZW Postgraduate Taught Programme and Project Management
- Year 1 of TESS-H7PT Postgraduate Taught Programme and Project Management (Hong Kong)
This module is Option list A for:
- Year 1 of TESS-H1X6 Postgraduate Taught Programme and Project Management