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12 November 2019

The effective and agile project finance manager

Category: MASTER COURSE

This programme will provide finance professionals and their business colleagues with a take-away of practical frameworks and supporting tools to help re-imagine the role of an effective agile project finance manager.

Who should attend?
Finance and business professionals with responsibility for delivering effective and agile finance project management.

What you will gain
Business growth is often driven by successful strategic initiative projects and finance professionals are typically key contributors at all stages to a projects life from inception to control to post implementation review. However, ever increasing levels of uncertainty; speeds of technological change; and the increasingly intangible nature of project assets all trigger a strategic challenge to traditional methods of evaluating and controlling business projects. IT teams have championed the use of ‘agile’ project management methods and Finance must consider how to adapt it’s approach to remain relevant and flourish.

This programme will provide finance professionals and their business colleagues with a take-away of practical frameworks and supporting tools to help re-imagine the role of an effective agile project finance manager. Delegates will be able to interact with cases, surveys and discussion to share their experience and learning.

The programme will also provide the latest thinking on developing an agile finance function and on latest reporting requirements for project costs and assets.

Programme outline

Introduction: the need for effective agile project finance management

  • Introductions
  • Global trends and challenges including heightened uncertainty and accelerated technological change
  • The challenge: to grow the business through strategic initiatives which may add risk in an ever more uncertain environment
  • The link between between strategic initiatives, change management, programmes and projects
  • Different types of project and the success rate in delivering them
  • The danger of irrelevance from traditional project approaches
  • The need for effective agile finance management to help deliver successful initiatives
  • Our agenda

How to lead a successful change initiative

  • What we really mean by successful change
  • A framework for leading any ‘change’ initiative: ‘seeing, wanting, allowing, targeting’
  • The role of finance in delivering elements in the framework

Initial project evaluations in uncertain times

  • Acknowledging that growth is difficult and requires investment and risk in times of uncertainty and volatility
  • The nature of value adding initiatives in the modern economy and the increasing importance of initiatives to deliver intangible initiatives
  • Analysis of risks in a typical business growth initiative
  • Adjusting financial evaluation methods to deal with uncertainty including a practical discussion on the use of ‘real options’
  • Finding alternative metrics for intangible benefits

Effective agile project finance management

  • Informing the management approach from financial reporting requirements: an update and reminder of IFRS 15 Revenue from contracts with customers and IAS 38 Intangible assets
  • Traditional cost management approaches to project cost estimation, budgeting, cost control and project cost variances
  • Discussing scope change and the financial consequences of change requests
  • Discussing why projects get behind schedule and over-run on time and cost
  • Adapting financial planning and control of projects to an ‘agile’ business culture
  • Different types of projects and adapting the finance style to each

The ‘agile’ finance function

  • Applying agile IT project management to the finance role
  • Applying ‘lean’ to free-up space for agility in the finance function
  • Harnessing digital to deliver greater agility in the finance function
  • Considering the role of a budget and ‘beyond budgeting’ principles in providing greater financial agility
  • Characteristics of the agile finance manager
  • An agile financial response to business shocks in an uncertain world

Conclusion

  • Pulling together the role of finance in effective and agile management of strategic initiative projects
  • Next Steps Action Planning – what will you do differently on your next project?
  • Feedback

The course starts at 9.30am. Lunch and refreshments are included.
6 CPD hours (where applicable).

CIMA work in partnership with BPP Professional Education to offer CPD training courses

Booking Information

Date Location Price
12 November 2019 - 09:30 London Price: GBP 634.00
Member price: £571. Plus VAT on all prices.


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MASTER COURSE

  • Cost:
    GBP 634.00
    Member price: £571. Plus VAT on all prices.
  • Location:
    London
  • Speaker(s):

Learn how to manage the stages of a project from definition to completion, and to avoid common pitfalls. These techniques can be applied to many areas, such as audit and consultancy.

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The effective and agile project finance manager

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount.

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In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

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If you have any queries please email cima@bpp.com or phone us on: +44 (0)3300 603400.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at: http://www.bpp.com/professional-education/privacy

The information provided to BPP will not be used by BPP for marketing purposes.

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