Finance for the Technical Executive
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Finance for the Technical Executive Course
Introduction:
The Finance for the Technical Executive training course is specifically designed to equip senior technical managers with the necessary financial concepts, strategies, and tools to effectively handle corporate financial management. By enhancing their financial acumen, participants will be better equipped to manage resources, influence corporate financial officers to secure project funding, and address senior management's concerns regarding risk. The course covers a range of topics, from foundational concepts in accounting and financial decision making to dynamic case studies that explore the management of uncertainty. Participants will learn about accounting frameworks and gain practical knowledge on how to apply financial tools to real-world situations.
The course delves into fundamental financial principles for project evaluation, funding, and resource allocation. It emphasizes the importance of working collaboratively with financial decision-makers and demonstrates how to apply finance principles to achieve short-term and long-term goals effectively.
Moreover, the course highlights the inseparable link between finance, business, and operations, recognizing finance as a crucial skill for promoting one's own projects. Additionally, it explores global markets and uncertainties, enabling participants to identify potential areas where their organization may have a competitive advantage.
Course Objectives:
At the end of this Technical Executive training Course you will be able to:
- Understand how funding decisions are made and how they can influence those decisions by applying financial principles to project evaluation and resource allocation
- Learn how to assess projects for their potential economic value
- Conduct discounted cash flow (DCF) valuations
Who Should Attend?
Finance for the Technical Executive training course, is ideal for :
- Executives who manage project teams and departments
- Technical professionals involved with R&D, product and software design, engineering, and other scientific and technical work.
- CIOs, chief technologists, head scientists
- R&D and product development directors
- Engineering and manufacturing vice presidents
- Corporate strategists
- Project managers
- Systems information managers
Course Outlines:
Introduction to Corporate Finance
- Basic concepts of finance
- Review of accounting basics
- Financial statement analysis and forecasting
Introduction to Project Valuation
- Fundamental principles of finance
- Discounted cash flows (DCF)
- Arbitrage and market efficiency
- Present value and asset valuation
- Project valuation, free cash flows
- Estimation of free cash flows with accounting data
- Molycorp mini-case: project valuation and sensitivity analysis
Project Financing
- Projecting future funding needs
- The concept of sustainable growth; the tension between product-market strategy and financial policies.
Capital Budgeting and Management
- Alternative capital budgeting rules: IRR, payback, multiples
- DCF versus the alternatives: pros and cons
Project Financing in an Uncertain World
- Incorporating uncertainty: real options
- Sensitivity and scenario analysis
- Investment staging and management
- Wrap-up and adjournment