Key details
Mode of delivery: Online Course
Course code: PM18BO
Duration: 8 days
Fee: £5,532.00 + VAT
CPD Hours: 48
Course Overview
This course provides a practical and in-depth look into key financial and strategic areas of project management. Participants will learn how to apply forecasting methods, compare projections to actual results, and build effective budgeting strategies. It also explores stakeholder dynamics, including influence, conflict resolution, and relationship management. Risk management is addressed through structured planning, analysis, and control measures. Additionally, learners will gain insight into project funding, contract structures, and financial appraisal techniques. The first week concludes with a focused review session to consolidate learning and develop actionable plans for real-world application.
This course also explores the strategic and organisational dimensions of project management, emphasising how projects align with broader business goals. Participants will examine the influence of organisational structures, strengths, and cultural factors on project outcomes. They will also learn to evaluate and select projects using effective screening techniques, and understand how portfolios are structured to support long-term strategy. The role of governance is highlighted through an in-depth look at the board of directors, including their function, performance evaluation, and impact on large-scale projects — equipping learners with a strategic lens to manage and lead at the highest levels.
Agenda
Day – 1 Project Estimation & Budgeting
- Forecasting Methods
- Forecasts vs Actual Results
- Budgeting methods
Day – 2 Project Stakeholder Management
- Stakeholder Influence
- Stakeholder Conflict
- Stakeholder Management
Day – 3 Project Risk Management
- Risk Strategy and Planning
- Risk Analysis
- Risk Controls
Day – 4 Project Resource management
- Project Funding
- Contracts and Payment Structures
- Financial Appraisal of a Project
Day – 5 Weekly Review
- Summary and recap of key learning objectives
- Action Planning
Day – 6 The Organisational Context of a Project
- Project managements contribution to strategy
- The effect of organisational strengths and weaknesses on projects
- Key cultural concepts and their impact on projects
Day – 7 Project Selection and Portfolio Management
- Different methods of screening projects
- Analysing project, program, and portfolio management
- Establishing how project portfoilios are built around strategy
Day – 8 The Role of the Board of Directors
- The purpose and function of the board and project board
- Critical evaluation of the board’s performance
- Evaluating how the board impacts large strategic projects
Course Review
- Summary and recap of key learning objectives
- Action Planning
Post-Course
- Five (5) x hour-long Executive Coaching sessions at monthly intervals following Course Completion
Target Audience
This course is suitable for:
- Project managers
- Aspiring project professionals
- Team leaders and supervisors
- Programme and portfolio managers
- Business analysts
- Change managers
- Executives and decision-makers
- Entrepreneurs and startup founders
- Engineers and IT professionals
- NGO and public sector staff
Learning Outcomes
By the end of this course, you will be able to implement a successful strategy that enables you to:
- Understand various forecasting techniques used to predict project costs and timelines.
- analyse discrepancies between projected and actual outcomes to improve future estimates.
- Learn different budgeting approaches to effectively allocate and manage financial resources.
- Evaluate the level of stakeholder influence and its impact on project decisions.
- Identify potential stakeholder conflicts and apply resolution strategies.
- Apply effective stakeholder engagement techniques to ensure project alignment and support.
- Develop comprehensive strategies to identify, assess, and respond to project risks.
- analyse potential project risks and determine their likelihood and impact.
- Implement appropriate risk control measures to minimize the effect of identified risks.
- Understand methods of securing and managing project funding sources.
- Interpret various contract types and payment structures applicable to projects.
- Conduct financial evaluations to assess the economic viability and return on investment of a project.
- Understand how project management contributes to achieving organisational strategy.
- Evaluate the impact of an organisation’s strengths and weaknesses on project execution.
- analyse how cultural factors influence project planning and team dynamics.
- Explore techniques for effectively screening and selecting project opportunities.
- Understand the differences and relationships between project, program, and portfolio management.
- Learn how to align project portfolios with strategic organisational goals.
- Understand the roles and responsibilities of the board and project board in governance.
- Critically assess the performance of the board in overseeing projects.
- Evaluate the board’s influence on large-scale and strategic project outcomes.
