Financial Management for Development (FMDpro)
About The Course
Financial management for development projects is more than an administrative and control function. Sound financial management is a critical prerequisite for successful project delivery. Timely and precise financial data are indispensable for effective decision-making as well as for implementing corrective action by the project management in order to enhance the prospects of timely completion within the planned project budget and scope of deliverables.
Course Objective
- Develop the skills in developing budgets, understanding project financial summaries, and basic donor reporting.
- Explaining fundamentals, definitions and concepts of project financial management
- Capturing financial parameters in project core documents to the design the financial management system and customizing the project financial system
- Operating the project financial system: budgeting, monitoring, controlling and reporting and closing project financially and coordinating auditors
- Identifying ethics challenges and applying soft skills in managing project financial resources
Course participants will be able to competently design and operate project financial management systems and execute corresponding payments/disbursements in accordance with sound professional standards and the harmonized requirements of donors and their respective governments.
- Understand the fundamental definitions, concepts, boundaries, implications and standards of project financial management 4 Hours
- Prepare and present the project budget in accordance with the agreed accounting system(s) and identify key stakeholders concerned by project financial management.4 Hours
- Operate the project financial system: manage stakeholders, collect and use financial data, manage budget changes, fiduciary risks and financial controls.4 Hours
- Know the legal, operational and financial implications of project financing or funding agreement(s) on project implementation operations and on financial reporting.4 Hours
- Develop a customized project financial management system, identify computerized solutions and systems and develop an operational project manual Sustainability Plan....4 Hours
- Use of soft skills and knowledge to understand and manage project-related financial challenges, unforeseen situations and problems.4 Hours
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