This course is designed to equip project managers with the critical skills and knowledge required to effectively manage resource costs associated with their projects while delivering quality outcomes on a timely basis. Specifically, the course introduces a number of accounting concepts and financial management techniques that can be used to analyse how projects consume resources, create value for a firm and its customers, and how this value may be enhanced. During this course studnets should learn accounting concepts and the accounting cycle as they apply to projects, understand and alalyse financial statements, plan and manage project revenue and cashflows, engage in project budgeting and project cost control, analyse project financing options, and evaluate capital investment projects. They should also be able to understand the principles of taxation as they apply to projects.

On satisfying the requirements for this course, students should have the knowledge and skills to:

1. Prepare and analyse financial data and financial statements;
2. Learn about cost control systems and establish cost accounts at the project level;
3. Undertake the forecasting of project cashflows and to translate this into project budgets and plans;
4. Deal with the way borrowing, interest, and the time value of money influence financing decisions;
5. Perform project investment evaluation;
6. Understand the impact of taxation on operations and fiscal management;
7. Learn independently and to assume responsibility for the learning process;
8. Learn within teams – to co-operate with team members, to assume leadership and to manage differences and conflicts; and
9. Tolerate ambiguity in managerial and organisational problem-solving.

In class quiz - 10%

Mid semester exam - 20%

Group case study - 30%

Final Examination - 40%

Teaching for this course is likely to be in the format of one 3 hour seminar per week. Students will also be expected to put in up to 7 hours of their own time outside of class focusing on individual research.

Enrolment in 7419 Master of Project Management only.

None

See Course Website: http://cbe.anu.edu.au/courses/course.asp?code=BUSN8005

See Course Website: http://cbe.anu.edu.au/courses/course.asp?code=BUSN8005

For further infornation please refer to http://cbe.anu.edu.au/courses/course.asp?code=BUSN8005