Project Financial Management

Event details

Project Financial Management
05 Dec

Project Financial Management

Few steps of project financial management must be conducted. First step is dealing with cost management. Under cost management, he explained the cost management plan, the cost estimation, and balances determination. Next step is a project budget which has the components of emergency reservations for activities, control accounts, administrative reservations, and project budget. Then, the following step is project resource management, which are estimating resource activities, and planning resource management.

Moreover, risk management is elaborated, and the importance of developing a risk management plan. The details of the plan is as follows: hazard identification, conducting a qualitative risk analysis, perform a quantitative risk analysis, develop a risk response plan and implementation of response to risks when they occur. Moved on project procurement and contract management, he talked about Develop a procurement management plans, which are purchases activity and contract type’s decision. Lastly he elaborated about concerned management; Determine the stakeholders of the project, develop a stakeholder engagement plan, Stakeholder Participation Department, and Follow the participation of stakeholders.

TOPIC

Project Financial Management

Specialize

College of Business Administration

TARGET AUDIENCE

PSU Students