PDUs: 16

Language: English

Participants: 8 to 15

Price: 660,00 EUR (taxes excluded)

Fact sheet: View PDF

Location: Virtual Classroom

Dates: To be defined

(9:00 - 13:00 or 15:00-19:00 depending on the regions of actual participants)

Times are in: CET or CEST as applicable*

(*) CET applies until March 31st , 2024

Trainer: Rickard Romander and Rosa Calonge

Introduction

Ericsson aims to improve project financial performance thanks to better financial management of projects resulting in reduced working capital, improved project margins and cash flow.
The Purpose of this course is to provide knowledge and understanding on how a better project financial management can contribute to the financial result of the company!
The course is aligned with the Ericsson Governance for Customer Business Execution.

Outcome

After the course you will:

• Know the key factors that influence the financial performance of a project and the whole company.
• Be able to better plan and manage projects financially to ensure better margins, reduced project working capital and improved cash flow.
• Be able to analyze and work with the project financial key performance indicators (KPIs).
• Better understand accounting and financial information and terminology.
• Have an improved financial acumen.

Targeted to:

• Customer Project Managers (CPMs)
• Project Core Team members (CPM, PFM, Project Planners and CEMs)
• Core 3 members (CFR, ACR, CSR)
• Line Managers and Directors

Subjects:

• Financial and accounting fundamentals

• The three financial statements (income, balance and cash flow) – and their relation to the projects.

• The Ericsson annual report.

• Project decisions impacting the global Ericsson financial results.

• Project financial management according to Ericsson PM model.

• Result Analysis and Revenue Recognition.

• Project financial KPI:s.

• Working Capital in projects, and how to reduce WIP and improve cash flow.

• The CPL (Customer Project List) report.

• Ericsson specifics; The sales process, Customer Business Execution (CBE), contracts, roles, assignment handshake, WBSs, scenario selection, planning, project budget, billing plan, governance, KPIs, accounting directives, result analysis, financial risks, terminology etc.

• Tools overview.

• How to benefit from AI in Project Financial Management

• Exercises and a specific case study.