Project ROI and Related Financial Metrics

Successful project selection and project management require require accurate and timely financial metrics

What you'll learn

• Gain financial metrics knowledge and skills needed by but lacking on many project teams, presenting career opportunities
• Learn key financial metrics used by leading organizations to evaluate proposed projects, on-going projects, and in-place systems
• Ability to determine which is most financially advantageous, to revise or replace an underperforming system
• Ability to determine the financial value (ROI, etc.) of a proposed project, on-going project, or in-place system
• Ability to risk-adjust the financial metrics of proposed projects, on-going projects, and in-place systems
• Ability to identify the most financially advantageous proposed projects and those that should be screened out
• Ability to detect when a project or system starts to miss its financial objectives, enabling it to be corrected in a timely manner
• Ability to quantify in dollars the effects of a project intangible for inclusion in financial metrics
• Make financial projections of the financial performance of a proposed project, on-going project, or in-place system
• Learn the criteria for effective financial metrics oral and written communication
• Ability to identify issues in the use of financial metrics and their possible solutions

Description

Requirements:

No background or prior experience in finance or math is required. Everything you need to know is taught in the course.

You should have access to spreadsheet software that has the common financial functions, such as Microsoft Excel

Advantage of this course:

1. Experience of course developer and instructor

The course developer and instructor's background includes: Experience as a project manager for small and multi-year projects, chief executive of a Coca-Cola subsidiary providing project management services, consultant to the Pentagon on technology acquisition, university professor responsible for creating and teaching project management courses, and visitor professor at Harvard Business School. He also has a Ph.D. in technology management. His courses have helped many students advance in their careers, including promotions and better jobs.

2. Practical Approach to Learning

This course takes a practical approach to learning project financial metrics. The videos are brief and to the point and include informative slides. Practice exercises are built into the lectures following the descriptions and demonstrations of financial formulas. The quiz after each course section lets you know how well you are doing in that section, so you can strengthen any weak area before going on to the next course section.

3. Shortage of Project Professionals with these Skills

Many if not most project teams lack someone with knowledge and skill in project financial metrics. This is one of the reasons for poor project selections, projects that don’t meet their objectives, and projects that are cancelled or considered a failure. This course provides knowledge and skills that can make a person stand out from others by having the ability to help prevent costly problems and achieve successful projects, which can boost a person's career and gain new job opportunities.

Who this course is for:

Individuals who want or need the professional knowledge and skills required for evaluating proposed projects, on-going projects, and in-place systems, including executives, project sponsors, project managers, project team members, project consultants, and stakeholders concerned with project performance.