Project Financial and Budgetary Management Training

Module 1: Introduction to Project Financial Management

Principles and importance of financial management in projects

Linking project budgets to strategic goals and outcomes

Key challenges in managing project finances

Module 2: Budget Preparation and Planning

Components of a project budget (direct and indirect costs)

Cost estimation techniques

Developing realistic work plans and financial forecasts

Aligning budgets with donor/organizational requirements

Module 3: Budget Execution and Control

Managing cash flows and disbursements

Tools and techniques for expenditure tracking

Variance analysis: comparing planned vs. actual spending

Cost control strategies and corrective actions

Module 4: Financial Reporting and Accountability

Preparing internal and donor financial reports

Ensuring accuracy, transparency, and timeliness

Compliance with financial regulations and funding agreements

Using reports for decision-making and performance monitoring

Module 5: Monitoring, Evaluation, and Risk Management

Linking financial management to project performance

Identifying financial risks in projects

Mitigation strategies for budget overruns and funding gaps

Integrating monitoring and evaluation into budgetary control

Module 6: Strengthening Sustainability and Best Practices

Effective resource utilization for long-term project success

Leveraging technology for financial management

Case studies and practical exercises in project finance

Best practices in donor-funded and government project management