There are no prerequisites.

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Course Description

Project Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitability is meant to improve the business skills of project managers. This course contains the basics of project management accounting and finance, including insights into cost accounting, budgeting, and tracking project profitability. Most importantly, it provides project managers with a foundation of knowledge about the basics of business practices necessary to apply new skills to projects that they manage.


Kevin R. Callahan, MBA, PMP

Kevin R. Callahan, MBA, PMP, is the founder and Chief Bulldog at The COO's Bulldog, where he specializes in helping small companies find and fix problems in their operations and entrepreneurs build their back offices.

Course Specifics

Sep 26, 2017
There are no prerequisites.

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify components of a mission, objectives, and strategy as well as the elements of project initiation, planning, execution, and control
  • Identify differences between costs and expenses
  • Recognize project document contents and project control tools

Chapter 2

  • Select appropriate financial presentation when there is a change in accounting methods
  • Identify DuPont method reasoning behind ratio analysis
  • Recognize differences between different ratios and their applicability to certain scenarios

Chapter 3

  • Recall the components of financial analysis ratios, including the strategic, tactical, and operational solution model
  • Identify the project management commencement steps
  • Recognize opportunity and sunk costs
  • Cite differences between the various agility loops

Chapter 4

  • Identify the characteristics and components of different types of cost
  • Recognize costs associated with different industries

Chapter 5

  • Identify types of financing, including cost, characteristics and applicable scenarios
  • Select components of the capital asset pricing model

Chapter 6

  • Recall components of project financials and how the information is compiled
  • Identify the role of cash flows in preparing project budgets
  • Note the steps involved in the project financial evaluation process

Chapter 7

  • Recognize the process for creating project budgets
  • Identify the differences between forecasts and budgets
  • Recall the planning phases of project management
  • Cite the information required to make decisions regarding acceptance of projects

Chapter 8

  • Identify the steps of the risk assessment process, including required calculations for quantifying risk
  • Recognize the role of project managers in project risk assessment
  • Note the components of project management risk to reputation

Choose Your Preferred Format

Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy

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