In this course we evaluate important
elements of the business case, key cash flow concepts and
focus on their applicability to business and to the
overall financial bottom line.
Project professionals certainly don’t need to be
Certified Public Accountants (CPAs) or financial experts
to be effective in their roles, but must be proficient
with certain fundamental business concepts that can be
applied directly to their projects. Having a solid grasp
of these important concepts can greatly assist project
teams in achieving optimized and sustained business value
for their organizations.
Cash flow modeling is one of the most important
activities in building effective business cases and in
determining the actual amounts of cash that will be
expended, saved or generated as a result of project
implementations. Cash flow models are constructed by
synthesizing all of the information that was gathered
during the interviews, focus groups and various other
research efforts and then using that information to create
a series of projected cash flows over a period of time,
typically the useful life of a project.
As project professionals, we must not be intimidated
by the numbers, but must understand and embrace them to
accurately represent and manage our project investments.