Budget Planning & Financial Risk Management in Projects

This DIXONTECH course delivers a complete framework for mastering budget planning and financial risk management throughout the project lifecycle. It provides participants with the tools and methodologies to prepare accurate budgets, manage cost variances, forecast financial performance, and mitigate risks using international best practices aligned with PMI, IFRS, and ISO 31000 standards.

TRAINING TOPICS

• Fundamentals of Project Financial Management
• Cost Estimation and Budget Structuring Techniques
• Project Cost Control and Forecasting
• Risk Identification, Analysis, and Mitigation
• Financial Risk Assessment Models and Tools
• Scenario Planning and Sensitivity Analysis
• Cash Flow Management and Variance Reporting
• Integrating Risk Management into Budgeting
• Financial Governance and Internal Controls
• Best Practices and Case Studies in Project Finance

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

Develop financial discipline and risk control mechanisms for project success through advanced budgeting and risk frameworks.

• Build and manage project financial plans
• Apply cost estimation and forecasting models
• Assess financial exposure and uncertainty
• Use risk assessment and mitigation tools
• Monitor cash flow and financial performance
• Implement effective cost control systems
• Align budgeting with governance standards

TRAINING IS TAILORED TO

Project professionals and finance specialists responsible for budgeting, risk management, and performance control in projects.

• Project Managers and Team Leaders
• Financial Analysts and Controllers
• Project Accountants and Cost Engineers
• Risk Management Professionals
• PMO Directors and Coordinators
• Planning and Scheduling Managers
• Internal Auditors and Finance Officers

TRAINING METHODOLOGY

DIXONTECH employs a practical, case-based approach with interactive simulations, financial modeling, and risk scenario analysis. Participants work through real-life project cases, applying risk management principles to budgeting and decision-making, supported by internationally recognized project finance frameworks.

DAY 1

FOUNDATIONS OF PROJECT FINANCIAL MANAGEMENT

• Overview of project financial structures
• Linking project strategy to financial planning
• Understanding CAPEX and OPEX budgeting
• Principles of accurate cost estimation
• Role of financial governance in projects
• Project financial lifecycle and decision gates
• Common causes of cost overruns and delays
• Building accountability in financial performance

DAY 2

PROJECT BUDGETING AND COST ESTIMATION TECHNIQUES

• Developing a project cost breakdown structure (CBS)
• Estimation techniques: top-down and bottom-up
• Resource-based and activity-based costing (ABC)
• Contingency budgeting and reserve management
• Using earned value management (EVM)
• Linking budgets to project scope and schedule
• Forecasting and updating project costs
• Automation tools for financial tracking

DAY 3

FINANCIAL RISK MANAGEMENT AND ANALYSIS

• Risk management fundamentals and ISO 31000
• Identifying financial and operational risks
• Quantitative vs qualitative risk assessment
• Monte Carlo simulation for cost uncertainty
• Sensitivity and scenario analysis in budgeting
• Using risk matrices and probability-impact charts
• Integrating risk assessment into project reporting
• Case study: cost-risk correlation in mega projects

DAY 4

CASH FLOW MANAGEMENT AND PERFORMANCE MONITORING

• Building project cash flow forecasts
• Managing inflows, outflows, and working capital
• Tracking actuals vs budget performance
• Variance analysis and corrective actions
• Financial control dashboards and KPIs
• Coordination between finance and project teams
• Capital allocation and financial prioritization
• Reporting and presentation of project performance

DAY 5

STRATEGIC FINANCIAL GOVERNANCE AND BEST PRACTICES

• Integrating financial risk into corporate governance
• Internal audit and financial compliance reviews
• Lessons learned from global project case studies
• Applying IFRS and cost management standards
• Project close-out and financial evaluation
• Continuous improvement in budgeting processes
• Role of AI and digital tools in financial planning
• Building resilient and risk-aware project cultures