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University Certificate - Financial Management of Projects

This course provides an introduction to project management with a focus on establishing the baseline of time, cost and scope and then managing the finances associated with delivering that project.




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Course Overview

This programme will introduce learners to standard project management terminology before moving into more technical aspects of project management associated with establishing the baseline (time, cost and scope) and then monitoring progress. The course takes a particular focus on financial aspects of project management including the initial cost / benefit analysis and then tracking of actual costs against those forecast.

On this course you will...

  • Develop your understanding of projects and how they are managed
  • Acquire technical skills in schedule development
  • Develop your understanding of the financial aspects of project management
  • Develop your understanding of project performance and recommend suitable courses of action

Course Structure

What you will learn

Students will learn industry standard terminology and skills associated with project management. there is a particular emphasis on technical and financial skills development to enable a sound baseline schedule to be developed which can then be tracked as work is underway.

Year one

There are three modules on the programme, each delivered over a 6-7 week period in day release mode.

  • Principles of Project Management
    The first module introduces standard project management terminology, drawing on the latest version of the Body of Knowledge published by the UK Professional Body for Project Management, the APM (Association for Project Management).
  • Project Planning and Resource management
    The second module is more technical in nature, making use of software packages that can be used to construct project schedules. This second module focusses on planning and resource management for project schedules and will introduce concepts such as network precedence diagrams, Gantt charts and resource optimisation.
  • Project Finance Management
    The final module develops your understanding of two main financial aspects of project management, the financial appraisal that underpins investment decisions and then earned value analysis which enables project progress to be tracked against that which was expected.
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  • Location

    Lancaster Campus

    Lancaster is the Red Rose heartland, a student haven full of history and culture. With iconic stone architecture, parkland, and a caring community, this is the place to get involved. The campus houses top-quality facilities tailored to the needs of life-savers, world changers, and future leaders.

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