Project Management - Create a rolling financial forecast
Learn what rolling financial forecasts are and how they are used in the project management domain.
Ratings 4.73 / 5.00
What You Will Learn!
- Discussion of rolling financial forecasts and their attributes in project management
- Overview of typical rules of the game for project managers
- How to generate estimates
- Step by step analysis of an evolution of a rolling forecast on a real life project
Description
Embark on a transformative journey with Jamal, a highly experienced project and portfolio management consultant, as he shares his profound insights into creating a Rolling Financial Forecast. Leveraging his 25 years of industry expertise, Jamal will guide you through the intricate process of effectively managing project financial forecasts.
In this course, we will commence by providing a concise overview of rolling financial forecasts and their significance within the project management realm. Explore the fundamental principles that govern this practice, including tolerance levels for monthly and total variances, encompassing both positive and negative deviations.
Join us as we debunk the prevalent myth of "+/-10% estimation accuracy" and shed light on how senior sponsors navigate around it, allowing you to navigate these complexities with confidence.
The centerpiece of this course is a meticulous, step-by-step analysis of a real project's rolling financial forecast. Gain invaluable insights into creating the initial forecast and various estimation techniques, such as team assessments, historical data, and 90% confidence levels. As we progress through the project timeline, we will explore safeguarding your Total Contingency, addressing monthly variances (both positive and negative), mitigating project delays, and systematically replenishing the contingency fund to the PMO.
By the end of this course, you will possess the tools and knowledge necessary to master the art of rolling financial forecasting. Unleash your potential to optimize project financials and make informed decisions that drive project success.
Don't miss this exclusive opportunity to learn from Jamal, an esteemed expert in project and portfolio management. Enroll today and take a leap forward in enhancing your project financial forecasting skills.
Who Should Attend!
- You are a project manager who runs medium to large-size projects
- You are a business analyst who is responsible for interactions with stakeholders on medium or large-size projects
- You are a technical resource who is planning on participating in a project
