Practical Financial Fundamentals and Project Investment Decision Making

What You Will Gain:

•  Understand the financial workings of your company.
• Ability to read and explain simple financial statements.
• Understand economic evaluation techniques in project proposals.
• Calculate the financial viability of expenditure proposals.
• Optimize the use of scarce capital on your projects.
• Understand the essentials of discounting cash flows for a project and calculate NPV as well as IRR.
• Manage your company assets more effectively and know when to replace equipment.
• Effectively execute sensitivity studies taking into account risk and uncertainty.
• Rank alternative investment proposals using discounted cash flow techniques.
• Gain the knowledge of the pros and cons of the different economic evaluation methods.
• Prepare project expenditure proposals that can win management approval.
• Make effective decisions under capital rationing situations.
• Communicate effectively with your financial manager peers.
• Manage your personal wealth and finances more effectively.

Workshop Overview:

In today’s global climate, financial decisions are coming under increasing scrutiny.

It is essential that you have enough information to make effective choices and to drive your engineering projects forward with sound justifications.

Second to this is ensuring financial meetings and discussions are communicated in a language that non-finance professionals can understand. Finance courses are among the most frequently requested by engineers and technical professionals.

Reasons include rapidly advancing technology, increasing project complexity, and competitive pressures. Such factors demand you to do the best possible cost estimation and economic evaluation of your engineering projects, products and services.

This workshop commences with the basics of finance. Basic accounting and finance terms are explained in simple English with an emphasis on the engineering and technology world.

Cash flow concepts are discussed and the issue of making appropriate investment decisions is examined, using such techniques as NPV and IRR.

Finally, capital budgeting and risk are discussed in an easy-to-understand manner. This workshop has been designed to provide you with the fundamentals of financial management from a practical business perspective, with engineers and technical professionals in mind.

Who Should Attend:

This workshop is open to anyone looking to increase their knowledge and understanding of finance, ideally from an engineer's perspective, yet individuals in other areas will also greatly benefit from the content.

Workshop Details:

Wednesday 14th August: (1-day face-to-face workshop)

• Location: 6 Thelma Street, West Perth
• Time: 9am – 4pm

Monday 19th August (1.5hr online webinar)

• Location: Live and online (please note that these webinars will be recorded, and a copy of the recording will be sent to you)
• Time: 5pm – 6.30pm

Tuesday 20th August: (1.5hr online webinar)

• Location: Live and online (please note that these webinars will be recorded, and a copy of the recording will be sent to you)
• Time: 5pm – 6.30pm

Standard price for the full event: AU$825 GST inclusive

Don't miss this opportunity to enhance your skills and knowledge in financial fundamentals and project investment decision making. 

Register now to secure your spot! Limited places available.