Sound financial management is critical to the success of all development projects. This course defines the components of effective financial management within the context of the development project life cycle. It examines the financial tools and techniques available for the efficient implementation of projects and for assessing the effectiveness of project financial management systems. It covers: budgeting; accounting standards; procurement and contract management; performance measurement; financial management staffing; audit and internal controls. This course will explore the processes needed to implement appropriate project risk mitigation strategies and set up monitoring of performance indicators and reporting for effective decision making. Participants will assess their own financial management systems and develop action plans for improvement of these systems.

Learning outcomes

By the end of this course the participants will be able to:

• Adopt appropriate financial tools and techniques for managing projects

• Understand the dynamics and principles involved in the use of donor systems

• Assess existing project financial management systems and effect needed improvements

• Understand how to appraise and choose between various prospective project investment opportunities using discounted cash-flow analysis

• Formulate project plans and budgets and understand their impact on project profitability and cash-flows

• Align project procurement and contracting processes with international best practice

• Use integrated financial management information systems to enhance project efficiency and effectiveness

• Evaluate project implementation risks and minimize them by establishing appropriate internal controls

Who should enroll?

This training course is recommended for accountants and finance managers in projects. It is also ideal for managers, program/project coordinators and other project staff whose roles involve management of finances for their organization.

Send an email to [email protected] to request a course training agenda

Why train with us

Vital Extra Learning guarantees our clients:

• State-of-the-art facilities and training infrastructure

• Extended tradition of hand-holding during post engagement

• Service delivery through highly seasoned industry experts.

• Value for money

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VITAL EXTRA LEARNING AND CONSULTANCY is a registered consultancy firm with its Head Office in Abuja, Nigeria. It is one of the emerging providers of competency development and learning solutions for career advancement for professionals. We provide strategic consulting services for both professionals and corporate organizations. We design and offer trainings and consultancy services to both public and private sectors, including non-profit organizations.

Our brand, VEL® an abbreviation for “Vital Extra Learning” has also extended its services to other countries in Africa, particularly in Kenya, Rwanda and South Africa. We are also working to expand our operations in other parts of the world through collaborations and partnerships with other training and consulting firms in the United Kingdom (UK), United States (US), Germany, and the United Arab Emirates (UAE).

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