Financial Management for Project Development in Yerevan, Armenia

Program Date

9 Aug 13 Aug 2021

Program Location

Yerevan, Armenia

Program Venue

Royal Plaza

Registration Closing Date

30 Jun 2021

Program Overview

Effective Financial Management System is an essential part of successful project execution and delivery. Timely and accurate financial information is paramount for sound decision-making and corrective actions for any given project, in order to ensure the timely completion of the activities assigned. Financial Management for Project Development in Yerevan, Armenia has been designed specifically to provide the attendees with a thorough understanding of financial approached to project development and the role of financial management in it. Throughout the course of the studies, the delegates will develop all the necessary skills that are consequential for project development analysis, planning, budgeting, reporting, etc.


Target Audience

  • Finance Executives, Senior Managers, other Professional staff from related functions
  • Project Managers, Supervisors and Program Officers involved in or overseeing financial activities
  • Anyone who is interested in Financial Management for project development.

Program Objectives

Upon the successful Completion of this course, the attendees will be able to:

  • Develop forecasts, Monitor & Control Project Costs
  • Manage cash flow and profit
  • Differentiate between types of costs and costing methods
  • Understand the principles of Value Management and Through Life Costing
  • Assess the economic viability and commercial profitability of projects through investment appraisal
  • Assess financial stability and profitability by preparing and analyzing profit and loss accounts and balance sheets.

Program Contents

  • Project Management Basics
  • Project Life cycle
  • Project activities
  • Project Financial Planning and Budgeting
  • Functions and types of budgets in projects
  • Practical approaches for building accurate project budgets
  • Cash Flow Management & Forecasting
  • Consolidated Budgets
  • Budgeting for core costs
  • Elements of Cash Flow
  • Using costs in Decision Making
  • Project Cost Allocations
  • Importance of Financial Reporting
  • Principles and Objectives of Financial Accounting
  • Annual reports
  • Auditing and Internal Control of Projects
  • Legal framework
  • The balance sheet
  • profit and loss account
  • Costs and types of costing
  • Through life costing
  • The monitoring
  • The cost control
  • Measuring Financial Performance
  • Value management
  • Key financial ratios
  • Investment appraisal.

Program Methodology

Financial Management for Project Development in Yerevan, Armenia will be conducted using modern adult learning techniques and training methodology. The tools applied will include presentation, group discussions, simulation game, practical activities, individual assignments and case studies. The presenter will encourage the maximum participation from delegates in order to enhance the understanding and appliance of knowledge acquired.

Program Fee
US$2950

Payment Options

Fee Covers

  • Visa Assistance (complementary)

  • Participant Assessment

  • Airport Pickup

  • Accommodation

  • Wi-Fi

  • Welcome Dinner

  • Breakfast

  • Workshop Kit

  • Program Materials

  • Program Experts

  • Practical Activities

  • Lunch

  • Refreshments

  • Interactive workshop

  • City Map & Direction

  • Risalat T-shirt

  • Field Visit

  • Program Certificate

  • Entertaining Tour

  • Program Report

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