Project Financial Management for Non-Financial Professionals Course with application of advanced Excel

Module 1: Introduction to Project Financial Management

Importance of financial management in projects.

Key concepts: budgets, costs, revenues, and accountability.

Understanding the link between finance and project success.

Excel Functions & Tools:

Basic formulas (SUM, AVERAGE, ROUND)

Formatting for clarity (conditional formatting, data validation)

Module 2: Project Budgeting and Planning

Developing project budgets aligned with objectives.

Identifying direct and indirect costs.

Allocating resources effectively.

Excel Functions & Tools:

SUMPRODUCT for cost allocation.

IF, AND, OR for budget controls.

Budget templates with drop-downs (Data Validation).

Module 3: Financial Reporting and Analysis for Projects

Preparing financial statements for projects.

Interpreting income statements, cash flow, and expenditure reports.

Variance analysis: planned vs. actuals.

Excel Functions & Tools:

VLOOKUP / XLOOKUP for report preparation.

PIVOT TABLES and Pivot Charts for reporting.

SUBTOTAL for segmented reporting.

Module 4: Cost Control and Monitoring

Tracking project expenditures.

Identifying cost overruns and underutilized funds.

Financial accountability and transparency.

Excel Functions & Tools:

IFERROR for clean reporting.

INDEX-MATCH for expense tracking.

Conditional formatting for overspending alerts.

Module 5: Donor and Stakeholder Reporting

Preparing financial reports for donors and stakeholders.

Understanding compliance and accountability requirements.

Communicating financial results to non-finance stakeholders.

Excel Functions & Tools:

TEXT and CONCAT for donor report formatting.

Charts (Bar, Line, Pie) for visual presentations.

FILTER and SORT for stakeholder-specific views.

Module 6: Practical Project Financial Modelling in Excel

Creating a dynamic project financial model.

Scenario planning (best case, worst case, realistic).

Building dashboards for project monitoring.

Excel Functions & Tools:

SCENARIO MANAGER and WHAT-IF ANALYSIS.

GOAL SEEK and FORECAST functions.

Dashboard design with slicers, timelines, and charts.