Project Management - Financial Literacy

Catalog description

This competency unit introduces foundational financial analysis tools that can support informed decision-making in project management. It covers the adept use of financial information to guide project financial decisions, the evaluation of a project's financial health through organizational financial documents such as income statements, balance sheets, and annual reports, and the application of key financial metrics including Internal Rate of Return (IRR), Net Present Value (NPV), Return on Investment (ROI), and break-even analysis. This unit equips project managers with the analytical skills necessary to assess financial data critically, recommend actions based on financial insights, and ensure the financial viability and success of projects. Mastery of this competency enables managers to maintain fiscal responsibility while fostering sustainable growth and stakeholder value within the organization.