In this video, I will be introducing financial management and principles for Project Managers
PMBOK, PMI, PMP, CAPM
Get all our courses with 80% discount (see links below) with this voucher
01:10 – Company Strategy and Projects
02:25 – Pro-forma Statements
03:25 – Overview of Portfolio, Sub-portfolios, programs, and projects
04:05 – Complexity of the portfolio
05:00 – Other reasons for projects
06:52 – Conclusions
Companies develop multi-year strategic plans that then are sub-divided into yearly plans.
Based on the yearly plans and the Pro-forma statements, programs, and projects are developed and executed to realize a part of the total strategic plan.
Budgets are allocated to fund programs and projects that are divided into portfolios and sub-portfolios.
Not all project relates specifically to realize company growth. However, projects can also relate to improvements and optimizations within the company.
Creating a portfolio is a complex matter in large corporations and the goal is to optimize the combined effect of all projects together.
As a project manager, you should be aware of this because all your decisions within programs and projects have to support the company strategy.
More about our online courses:
Apply our Voucher for 80% discount of public price:
Project Management Basics
Learn the basics about projects and project management in this 14.5 hour course and get yourself a head start over your colleagues and peers
Prepare for your PMP Certification with this preparation course. You will also get access to our set of exam questions once you subscribe.
Subscribe to this channel for more Project Management, Financial and Business content and leave a comment below if you have any questions.
Follow me on FB for more Project Management tips and tricks:
#PMP #ProjectManagement #DeCeusterAcademy