Financial management in projectsLaajuus (5 cr)

Objective

The object of the course
This course provides you with key knowledge and skills for the financial management and leadership of projects. You study the principles and practices needed in project management.

Course competences
• Learning to learn: The student is able to acquire, critically assess and produce information while taking into account the perspectives of different fields.
• Operating in a workplace: The student is able to utilise the opportunities of technology and digitalisation in development and management..
• Proactive development: The student Is able to develop new customer-oriented, sustainable and economically viable solutions, anticipating the future.

The learning objectives of the course
You understand the importance of financial thinking in project management. You apply economic theories and methods in practical project management situations, enabling you to make cost-effective and informed decisions. You develop your skills in planning, implementing, and monitoring projects. You identify, analyze, and manage risks associated with projects.

Content

During the course, project business operations, project financing, project portfolio management, project phasing and partitioning, project timetable, resource and cost control, project reporting, risk management, cash flow and investment calculations will be covered.

Qualifications

Profitability, contribution margin thinking, activity-based analysis, performance measurement, key figure analysis, investments, budgeting, cash flow, forecasting, sensitivity analysis

Assessment criteria, satisfactory (1)

Sufficient 1
You recognize processes related to project business operations from the point of view of the financial management of projects and know which processes affect project profitability. You identify the basic principles of investment calculations. You tell about the basic principles of project risks. You name the key factors related to project financing and cash flow.

Satisfactory 2
You understand processes related to project business operations from the point of view of the financial management of projects and the effects of processes on project profitability. You present the basic principles of investment calculations. You explain in your own words the basic principles of project risks. You describe the key factors related to project financing and cash flow.

Assessment criteria, good (3)

Good 3
You illustrate processes related to project business operations from the point of view of the financial management of projects and the effects of processes on project profitability. You present the basic principles of investment calculations. You introduce the basic principles of project risks. You illustrate the key factors related to project financing and cash flow.

Very good 4
You delineate processes related to project business operations from the point of view of the financial management of projects and the effects of processes on project profitability. You analyze investment calculations. You illustrate how project’s risk management is part of cost-effective project management.
You integrate the key factors related to project financing and cash flow.

Assessment criteria, excellent (5)

Excellent 5
You evaluate illustrate processes related to project business operations from the point of view of the financial management of projects and the effects of processes on project profitability. You assess investment calculations which you have made. You plan how an organization's project risk management can be developed and renewed. You compare the key factors related to project financing and cash flow.