Project Management Budgeting and Analysis Course with application of advanced Excel

Module 1: Foundations of Project Budgeting and Financial Planning

Introduction to project financial management

Budgeting principles, cost estimation, and allocation of resources

Linking budgets to project objectives and deliverables

Excel Functions/Tools: Basic formulas (SUM, AVERAGE), AutoFill, Cell Referencing, Formatting for budget templates

Module 2: Building Project Budgets in Excel

Developing project budget structures (CAPEX, OPEX, direct vs. indirect costs)

Creating budget templates for multiple projects or phases

Practical application: Setting up cost categories and line items in Excel

Excel Functions/Tools: SUMIF, SUMIFS, IF, Nested IF, Data Validation (for cost categories), Conditional Formatting

Module 3: Cost Tracking and Control Mechanisms

Tracking project expenses against budget

Identifying variances and analyzing cost drivers

Implementing cost control and reallocation strategies

Excel Functions/Tools: VLOOKUP, HLOOKUP, INDEX & MATCH, Tables, Named Ranges, Conditional Formatting

Module 4: Variance Analysis and Performance Monitoring

Comparing planned vs. actual project expenditures

Variance analysis techniques for identifying financial risks

Visualizing results for reporting and decision-making

Excel Functions/Tools: ABS, ROUND, PivotTables, PivotCharts, Charts (Bar, Line, Waterfall), Sparklines

Module 5: Forecasting and Scenario Analysis

Projecting future costs and cash flows

Scenario and sensitivity analysis for financial decision-making

Risk-adjusted project budgeting approaches

Excel Functions/Tools: What-If Analysis (Scenario Manager, Data Tables, Goal Seek), NPV, IRR, PMT, OFFSET

Module 6: Advanced Project Financial Models

Building integrated financial models for project budgets

Linking project schedules with budget projections

Practical exercise: Developing a dynamic project budget model in Excel

Excel Functions/Tools: INDIRECT, TEXT, CONCATENATE, Advanced PivotTables, Macros (basic automation)

Module 7: Reporting and Dashboard Development

Designing professional project financial reports

Building interactive dashboards for stakeholders

Communicating financial insights for decision-making

Excel Functions/Tools: PivotCharts, Slicers, Timeline, Power Query (for data cleaning), Power Pivot (for advanced modeling)

Module 8: Case Study and Practical Application

Real-world project budgeting and analysis exercise

Hands-on group work with a complex project case study

Presentation of Excel-based budget models and dashboards