PM 507 - Project Financial Management

Institution:

City University of Seattle

Subject:

Description:

Cost, scope, and schedule are considered the triad of Project Management. This course will focus on the cost leg of that triangle. Successful project management includes the development of processes and policies and their management to ensure projects are completed within budget. Participants will understand the importance of project justification being tied to a business core competencies and also linked to that firms established business plans. Basic financial principles will be presented to justify these concepts. Participants will understand how project financial management is addressed throughout the project life cycle. Participants will discuss the benefits of project resource planning and learn cost estimating methods, budgeting, performance measurement and controls. They will learn various project financial management terms, techniques, and tools and how to apply them in managing the various phases of a typical project. The students will analyze and understand several methods of addressing projects that have developed financial problems. They will also learn how to develop recovery plans for these situations. The students will develop and experiment with methods to deal with stakeholder financial issues in conjunction with adopted project management principles. Completion of PM 501 and 504 prior to taking this course is strongly recommended.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.cityu.edu

Phone Number:

(800) 426-5596

Regional Accreditation:

Northwest Commission on Colleges and Universities

Calendar System:

Quarter

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.