Finance for Engineers Training Course
Course Overview
This comprehensive 5-day training course is designed specifically for engineers who wish to enhance their financial acumen. The course covers essential finance principles, their application in the engineering sector, and practical approaches to financial decision-making.Objective
To equip engineers with a robust understanding of financial concepts, tools, and strategies, enabling them to make informed financial decisions in their engineering projects and organizational roles.Day 1: Fundamentals of Financial Engineering
- Introduction to Financial Engineering: Understanding the intersection of finance and engineering.
- Basic Financial Concepts: Familiarizing with key financial terminologies and principles.
- Financial Statements: Overview of income statements, balance sheets, and cash flow statements.
Day 2: Financial Analysis and Tools
- Financial Analysis Techniques: Methods for analyzing financial data.
- Investment Appraisal: Understanding NPV, ROI, and other investment appraisal techniques.
- Financial Modelling: Introduction to financial modelling in Excel.
Day 3: Project Financing
- Funding Options: Exploring various funding sources for engineering projects.
- Risk Management: Identifying and managing financial risks in projects.
- Cost Control: Strategies for effective cost management.
Day 4: Strategic Financial Management
- Budgeting and Forecasting: Techniques for accurate budgeting and financial forecasting.
- Performance Metrics: Key financial metrics for project and business performance evaluation.
- Strategic Decision Making: Integrating financial insights into strategic planning.
Day 5: Hands-On Financial Workshop
- Case Studies: Analyzing real-world financial scenarios in engineering.
- Group Project: Collaborative project to apply financial concepts, followed by presentations.
- Interactive Q&A Session: Addressing questions and sharing experiences.