Financial Management for Projects & Contracts Course in Doha, Qatar

Financial Management for Projects & Contracts covers the financial side of delivering projects, from estimating and budgeting through to cost control, cash flow forecasting, contract payments and final account. Participants learn how different contract types allocate financial risk, how to build a cost breakdown structure, how to track performance using earned value management and how to recognize contract revenue over time under IFRS 15. Variations, claims, retentions and advance payments are examined so that commercial and finance staff can protect margins and cash throughout the project life cycle.

The course is built around a running project case that participants budget, monitor and report on as it progresses and encounters scope changes and delays. Exercises include calculating earned value indicators, preparing a project cash flow forecast, evaluating a variation and drafting a cost report for a steering committee. Examples draw on construction, engineering and service contracts. The course can be run as an in-house program, with cases built around the organization's own contract forms, cost codes and reporting templates.

By the end of this course, participants will be able to:

• Build project budgets using a cost breakdown structure and realistic contingencies

• Compare how lump sum, remeasurement and cost-reimbursable contracts allocate financial risk

• Monitor performance using earned value metrics such as CPI, SPI and EAC

• Forecast project cash flow including retentions, advance payments and payment terms

• Evaluate variations and claims and their impact on cost and margin

• Prepare clear project cost reports for management and clients

This course is designed for professionals who manage or report on the financial performance of projects and contracts.

• Project and contract managers

• Project control and cost engineers

• Quantity surveyors and commercial managers

• Project accountants and finance business partners

• Procurement and contract administration staff

Module 1: Project Finance Foundations

• The project life cycle and financial decision points

• Estimating methods and cost breakdown structures

• Contingency and management reserve

• Setting the cost baseline

Module 2: Contracts and Financial Risk

• Lump sum, remeasurement and cost-reimbursable contracts

• Payment mechanisms, milestones and interim valuations

• Retentions, advance payments and bonds

• Overview of FIDIC and other standard forms

Module 3: Cost Control and Earned Value

• Planned value, earned value and actual cost

• Cost and schedule performance indices

• Estimate at completion and variance at completion

• Commitment tracking and cost-to-complete

Module 4: Cash Flow and Revenue Recognition

• Building a project cash flow forecast

• Managing working capital on contracts

• Revenue over time under IFRS 15

• Contract assets, contract liabilities and onerous contracts

Module 5: Variations, Claims and Reporting

• Valuing and controlling variations

• Delay, disruption and claims management

• Final account and project close-out

• Project cost reporting and dashboards

Qatar has invested heavily in infrastructure, transport, energy, real estate and public facilities, and major projects continue to shape the economy. Effective financial management of these projects protects public and private investment, keeps contractors solvent and helps ensure value for money. Strong project finance and commercial skills also support the sustainable development and efficient use of resources emphasized in Qatar National Vision 2030, across construction, engineering, oil and gas and government programs.

Join a scheduled class at our training center in Doha or attend live online. For organizations, the course can run as an in-house program at your premises or online, tailored to your sector, case studies and timetable.