Delivering Business Value provides an overview of the financial and business acumen and analysis skills needed to ensure that project-based work results in true value for the business. Not only do participants gain the insights and skills for financial planning while leading project-based work, they also learn how to make smarter financial decisions that lead to improved business outcomes.
Many organisations today struggle to capture full business value from the execution of their strategy, whether due to the strategy itself, the selection of the portfolio that enables the strategy, or the actual execution of project-based work that makes the portfolio a reality. Delivering Business Value seeks to teach the mindset and tool sets that enable all of those engaged at the strategic, portfolio and work levels of leadership to make decisions that create the maximum possible business value from their work. The course begins with a focus on defining value in terms of finance, strategy and business benefits and helps participants see how they contribute to creating value from their role. It also provides a first look at some of the financial concepts that are essential to understanding value-driven decision-making.
Participants then learn to focus on the different drivers they can use to create value and leverage financial, strategic, planning and risk concepts so that they can fully understand the actions they can take in order to drive value. The course uses discussions, calculation exercises, case studies and business simulation to create an engaging and effective learning experience.
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- Explain the fundamental principles of time value of money and financial management
- Define value creation and what drives it
- Describe the composition of financial statements and assess information from selected corporate financial statements
- Explain the importance of forecasting and create effective forecasts
- Evaluate project risk
- Incorporate intended benefits into the overall leadership of work.
Business Value and Strategy
Define the concept of business value
Describe a high-level framework for delivering business value
Explain the connection between business value and strategy
Time Value of Money
Explain the concept of time value of money
Describe the effect of compounding
Depict financial/cash flow problems on a timeline
Utilise a variety of financial calculations for compounding and discounting
Financial Statement Analysis
Differentiate among the three types of financial statements
Read an income statement and balance sheet
Analyse a set of financial statements using key ratios
Explain the importance of cash flow
Identify key drivers of value
Frame how to think about project planning and forecasting with an view toward profitability and benefit capture
Consider how projects and their impact correlate to different time horizons for a firm
Learn about the types of real options are and how the concept of real options can be used
Consider how to apply discounted cash flow and real options thinking to projects
Review public private partnerships and explore how they function
Understand the concept of risk in general
Be able to explain the concept of financial risk
Know the different types of risk and how to manage them
Explain how risk is measured in financial terms and how risk is reflected in different asset classes
Explain how programme and project financial outcomes directly affect the organisation’s profit and shareholders