Campfire Workshop - Financial Management for Project Managers

This interactive session, using the campfire approach, will cover essential skills for managing project budgets, estimating, cost control, financial reporting, and risk management. Participants will gain practical insights, discuss real-world challenges, and leave with actionable strategies to enhance financial decision-making in projects. Ideal for project managers looking to strengthen their financial expertise, this workshop provides a collaborative environment for learning and growth. Don’t miss this opportunity to elevate your project management skills!

Workshop Title: Financial Management for Project ManagersDate & Time: 27 November 2024, 17:45 - 19:45

Objective: To provide project managers with a solid understanding of financial management principles, enabling them to make more informed financial decisions within their projects.

Audience: Project Managers with varying levels of financial knowledge.

Workshop Agenda OutlineIntroduction and Set-Up (15 minutes)

• Welcome & Objectives: Briefly outline the workshop objectives.
• Campfire Rules: Explain the campfire approach, encouraging openness, respect for everyone’s input, and active listening.
• Icebreaker: Quick intros with each person sharing a financial challenge they’ve encountered in a project.

Main Discussion Topics (60 minutes)Each topic will be introduced briefly, followed by an open discussion with examples or case studies.

1. Budgeting and Forecasting (15 minutes)
2. Cost Control (15 minutes)
3. Financial Reporting and Analysis (15 minutes)
4. Risk Management and Contingency Planning (15 minutes)

Reflection and Practical Application (30 minutes)

1. Scenario-Based Group Discussion (20 minutes)
2. • Present a short scenario involving a financial issue (e.g., sudden cost increase due to supply issues).
   • Groups discuss and devise a strategy to handle the situation.
   • Each group shares their solutions.
3. Key Takeaways and Action Plan (10 minutes)

Closing (5 minutes)

• Thank participants for attending and invite final reflections.
• Provide contact information and additional resources for further learning.

Host or Publisher The Project Management Institute