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Setting aside some time to learn more about the world of finance can prove to be a very smart investment for your career. Finance is an essential component of any business or organisation, so it’s very valuable for employees to have a good grounding in the principles of finance.
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Project Management Skills #1 - Financial Appraisal with NPV
Gardeners Not Mechanics
1 hr
Course Overview How to decide whether your project is worth doing from a financial perspective If a project costs $1.2 million in year 1 and generates revenue of $400,000 in each subsequent year, how many years does it take to break even? If you answered 5 years (including year 1) then you probably need to take this course because it's likely that this project loses money over that five year period.  The problem with break-even analysis and Return on Investment (ROI) calculation is that they usually ignore the fact that $1,000 in one year's time is not equivalent to the same amount today, That's because the money could be invested in a different way, brining interest rates into play. the only sound way to determine whether a project is financially viable, is by calculating the project's Net Present Value. This project will teach you: Why Future Value does not equate to Present Value. How to Calculate Present Value. How to calculate Net Present Value across a number of year. Why Return on Investment, Break-even and Internal Rate of Return can be misleading What other types non-monetary value you can consider. If you already have a good grasp of Net Present Value, Discounted Cashflow or Time Value of Money then this course is not for you. If, however, any of the terms make your stomach feel queasy then this course is for you. Net Present Value is one of this things that is obvious when you understand but baffling until that moment when the "penny drops". This course aims to get that penny to drop for you. Net Present Value is explained in 4 short, core videos (not including introductory and summary videos) using examples and exercises. Each exercise has a downloadable spreadsheet, containing the calculations to get the answers. In addition, there 2 additional optional videos, one covering Internal Rate of Return and Return on Investment, and another video on the treatment of inflation. And there are a further two bonus videos, taken from my Lean Project Management course, that discuss non-financial types of value and the role of emotion in value.   Who this course is for: For those who are starting out on their Project Management journey and currently steer clear of financial matters. For project managers who are not confident about how projects should be justified financially. For business owners, without financial skills, who need to determine if a project is worth doing. It is not for anyone who already knows how to calculate Net Present Value.   Learning Objectives Decide whether a project is financial viable by calculating Net Present Value. Evaluate the key assumptions that underly the calculation and hence business case. Challenge Return on Investment (ROI) and Internal Rate of Return (IRR) calculation.
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Project Management Skills #2 - Tracking Progress Using EVA
Gardeners Not Mechanics
2 hrs
Course Overview How to use Earned Value Analysis to track progress and communicate it clearly with one picture After completing this course, you will be able to create a single diagram for your project or program that describes: Performance against schedule Actual cost versus budget Outlook for the remainder of the project Instead of presenting your sponsor and steering committee with a complicated mixture of milestone charts, spreadsheets, Gantt's and PERT's, you can give them one single picture whose meaning is understood in seconds. It's what they care about...THE BIG PICTURE.  I've been using Earned Value Analysis (EVA) for over 20 years with projects of all sizes and complexity (Waterfall, Agile and Lean) and I can guarantee that from my experience, it is the best way to track and communicate project status. In this course, I take you step-by-step through the process of creating an EVA diagram, using a very simple example. But although the example is simple, it will teach you all of the principles you need to understand to use EVA for complex projects and even programs.  The course is delivered in a series of short videos, each one with a downloadable spreadsheet that show you how I worked through the example myslef. In addition, I have included a video that discusses how Earned Value Analysis can be applied to Agile and Lean projects. I have also included some bonus videos from my Udemy Lean Project Management course that are not part of the EVA core course but explain some ideas and concepts that  I mention during the videos and that I think may  be of interest to you. In my experience, a lot of people are put off using EVA because textbooks describe it using a set of barely comprehensible formulae and ratios. But the power of EVA is pictorial and that's they way you will learn it. Towards of the course is jargon buster video, just in case you need to know the "correct" formulae and ratios to quote in a professional examination. To find out more about this course, I encourage you to watch the free introductory video which is available free. If you like what you see then sign up and take advantage of the 30-day, no questions asked, money back guarantee. Gain your sponsor and steering committees confidence by joining me inside and starting to learn right now.   Who this course is for Target student is anyone managing a project who wants to track and communicate progress quickly and easily   Learning Objectives After completing this course, students will be able to create a single diagram for that describes project performance against schedule, actual cost versus budget and outlook for the remainder of the project
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