MGMT 7003 Financial Management of Projects
Credit Points 10
Legacy Code 301194
Coordinator Xiaohua Jin Opens in new window
Description Projects are always unique and their processes are always subject to elements of uncertainty and change. The skill of project management professionals in securing the best return for their organisation's efforts is thus held in great value. This unit is concerned with financial aspects of project management from both theoretical and practical perspectives. The aim is to explain how financial management tasks are carried out in the context of projects as well as stimulate students' reflection on best practice in project financial management.
School Eng, Design & Built Env
Student Contribution Band HECS Band 4 10cp
Check your HECS Band contribution amount via the Fees page.
Level Postgraduate Coursework Level 7 subject
Restrictions Students must be enrolled in program 3752 Master of Project Management.
- Prepare and analyse a cost estimate with an appropriate cost-estimation approach
- Conduct a risk assessment regarding project financial management using appropriate tools
- Analyse project data and recommend approaches for financing a project
- Apply best practices for project cost control and recommend appropriate approaches to meeting a project�fs financial expectations
Stakeholders and Regulatory Environment
Estimating and Budgeting
Contracts and Documentation
Cash Flow Analysis
Financial Modelling and Project Evaluation
Progress, Valuation and Payments
Risks Involved in Project Financial Management
The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.
|Literature Review||3,000 words||30||N||Individual|
|Professional Task 1||3,000 words||35||N||Both (Individual & Group)|
|Professional Task 2||3,000 words||35||N||Both (Individual & Group)|
2022 Semester 1
Parramatta City - Macquarie St
Subject Contact Xiaohua Jin Opens in new window
Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.