6 Day Training - includes 1 day workshop - Euro Training Limited Training Programs, Workshops and Professional Certifications
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6 Day Training (including 1 day Workshop)

Managing Financial Processes on Projects

Building Skills & Competencies in

  1. Understanding Multi-discipline Aspects of the Finance Processes

  2. Financial Processes Contract Administration

  3. Financial Process Monitoring and Audit

  4. Project Financial Management KPIs

www.eurotraining.com/bro/fpp632-6.php

6 Day Training (including 1 day workshop)

Seattle, USA
16-21 Dec 2024
London
30 Dec 2024- 4 Jan 2025
Dubai
6-11 Jan 2025
Kualalumpur
20-25 Jan 2025
Dubai
3-8 Feb 2025
London
17-22 Feb 2025
New York
2-7 March 2025
Seattle, USA
16-21 March 2025
Istanbul
30 March-4 April 2025
New York
13-18 April 2025
Dubai
27 April-2 May 2025
Kualalumpur
11-16 May 2025
London
25-30 May 2025



Useful Links


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What is Covered in this Program

  1. Timely Payment of Contractual Due Amounts is Critical to the Project Achieving its Objectives including Timely Completion, Preventing Cost Escalation and other Strategic Objectives.
    Complications arise in payments for Part or Fully Disputed Variation Orders, Price Adjustments and Claims that may Negatively Impact Project Objectives. Payment schedules and calculation methods are mentioned in the Contract. Further the Vendor provides the Project Planned Schedule and Expected value of work done by time at the beginning of the project. Owner's Finance Teams convert these into expected payments outflows to the contractor and plan their financing requirements accordingly. Projects often deviate from planned progress so the actual financial needs will also change accordingly. Contract offers remedies to Contractor in case of delay in payments including, depending on period of delay, to interest on delayed payments, to slowing or stopping works at owners liability, to stopping work, and even considering the project as abandoned by the Owner and terminating the contract.
  2. This program will discuss in detail the Financial Grey Areas on Projects, including where, Part or, Full Variation Order is Disputed, Calculation of Price Adjustments mentioned in the Contract, Price Indices Referenced in the Project, Deductions for Contractor Defaults from Payments, Claims under Negotiation, Claim Settlements and Disputed Claims.

This program will also discuss the good and best practices for managing the number of financial instruments submitted by the parties to each other, these need to be evaluated, monitored and renewed. Often Finance Department is the owner of these processes, and, the custodian of these bonds, guarantees, insurance and other documents.

  1. This Managing Financial Processes on Projects program by Euro Training Global Limited www.eurotraining.com will discuss each of the above mentioned processes in detail, including (1) Financial Process Quality Assurance Planning, (2) Discuss the typical calculations, (3) Understand the Contract and Legal Aspects, (4) Discuss the Contract Administration Aspects, (5) Recommend the Mitigation Steps to Minimize Impact on the Project and Liability for the Owner, and, (6) Recommend the desirable Monitoring and Record Keeping.
  2. Topics covered in the program will include: (1) The Contractual Requirements, (2) Corporate Finance Requirements, (3) Regulatory Requirements and (4) Good practices for the other Project Financial Processes including managing: (a) Project Contract Documents, (b) Project Financial Control; (c) Performance and other Bonds, (d) Insurance, (e) Warranties and Guarantees, (f) Subcontractor Documents, (6) Advance Payments, (7) Variation or Change Orders, (8) Contract Allowed Deductions from Payments, (9) Payments and Payment Certificates, (10) Contractual and Regulatory Compliance regarding Payments to Contractors and Suppliers; (11) Liquidated Damages, other Owner Claim Deductions, (12) Filed Contractor Claims, (13) Contractor Claim Settlements, (14) Final Payment and Release, and (15) Potential Remaining Liabilities.

And for all the above mentioned processes the program will discuss the best methods and recommend actions to Strategically Align them to Department and Organizational Policy & Strategy.

Who Should Attend


  1. This program is recommended for Project and Organizational Finance and Audit Professionals, Quantity Surveyors and Cost Engineers.
  2. This program will also benefit Project and Program Managers and other Senior Project Coordinators and Executives.
  3. Program Content & Modules
  4. Managing Financial Processes on Projects
  5. Whatsapp: USA +15512411304
    Whatsapp UK +447424964861
  6. Email: ffp632@EuroTraining.com

6 Day Training (including 1 day workshop)

Outcomes & Takeaways

Euro Training has been providing
  1. Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
  2. Multi-discipline understanding of Program Topics.
    Means that post program when participant takes decisions, related to his work, participant will automatically and subconsciously consider and take into account (as applicable) Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understand Risks, Actions for Increasing Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Key Performance Indicators, Meaningful Performance Evaluation System, and, Data Analytic Opportunities.
    This type of understanding and habit otherwise develops after years of rich and diverse work experience. (few get this opportunity)
  3. Knowledge Framework outline which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
  4. Participant will learn to identify, support and implement improvements in his work area, team, section, department, and organization.
    Participant will work hands-on during the 1 day workshop where he will identify, analyze and develop implementation plan for an improvement project related to his work.
This 6 day Training participant will typically take away...
  1. Program related knowhow, skills, competencies and process knowledge.
    This program will use case studies and benchmarked Good and Best Practices to enhance participant understanding and competencies.
    A 1 day improvement identification and implementation workshop.
  2. Domain Knowledge and process knowledge.
    The participant will become empowered and should become more Productive, Effective, Efficient, Customer Focused and Strategic Focused.
    At the end of the program, the Participant will prepare a Customized Outline Action Plan which will serve as the roadmap to implement some key improvements in his work area.

Benefits to the Organization Sponsoring Participants to this program

(Benefits made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, easy to understand and apply training methodology that relies on Industry Good and Best Benchmarked Practices)

Participant Individual Career Benefits

  1. First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
  2. Second, the Program developed Understanding, Skills & Competencies will help you successfully present your professional and Team skills at Job Interviews and Internal Performance Evaluation Reviews.
  3. You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
    The outline action plan you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your performance on the job, team, business unit or organization. This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job.
  4. Post program when you take decisions related to your work processes you will automatically consider (as applicable): Internal & External Customer Needs and Expectations, Technology Options, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increasing Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and possibly more multi-discipline aspects).

Registration Form

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Registration Information 6 Day Program

  1. To register: Please send us an official letter confirming registration (on organizational letterhead). Also send us a completed registration form ?electronically fill-able is at- available at http://www.eurotraining.com/etl-reg-6d.doc You can request or registration form by Emailing regn@eurotraining.com and eurotraining@gmail.com
  2. For Program Fee Information Email: fees@eurotraining.com . Fees are Payable by Bank Transfer or Bank Draft. Fee information is also available at: http://www.eurotraining.com/fees.pdf .
  3. Program Fee is
    • 6 day (36 hrs) Training Program:
      At Dubai, Kuwait, New Delhi, Qatar £5,100 (USD $6,500) per participant.
      At London, US Locations, Europe, Malaysia, Singapore £5,610 (USD $7,150) per participant.
      Online eTraining Fee £2,500 (USD $3,125) per participant.
    and includes Course Materials, Certificate, Refreshments and Lunch (classroom programs). www.eurotraining.com/admin/fees.php)
  4. Accommodation is not included in Program fee. Special rates will be available at venue hotel for the class room training program participants.
  5. Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Refund will not be considered where the participants cancels his registration less than 3 weeks before start of the program. Alternate nominations will be allowed anytime before program start. In case of exceptional hardship or emergency participant may be allowed to attend at another location.
  7. All participants are required to fill in Participant Information form - on first day of the program. Each program Undergoes Customization to Better Meet Participant Present and Future Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  8. It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
  9. Provisional Registration : You can make a provisional registration request by sending us an email with an official provisionsl registration request this will ensure we will reserve a seat for you for 14 days. After this you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Confirmation if registration is not confirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way. Please note All provisional registrations automatically cancel 2 weeks before program start unless confirmed.
  10. Information required for Provisional Registration: Program Title, Location, Dates, Your Organization Name, Your Email Address, Your FAX No and your Mobile Number.


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Whatsapp USA to +15512411304

hmiller@EuroTraining.com | EuroTraining@gmail.com | regn@EuroTraining.com