Financial management for development projects is more than an administrative and control function. Sound financial management is a critical prerequisite for successful project delivery. Timely and precise financial data are indispensable for effective decision-making as well as for implementing corrective action by the project management in order to enhance the prospects of timely completion within the planned project budget and scope of deliverables. Sound project financial management provides - essential information needed by those who manage, implement and supervise projects, including government oversight agencies and financing institutions; - the comfort needed by the recipient country, lenders and donor community that funds have been used efficiently and for the purposes intended; and - a deterrent to fraud and corruption, since it provides internal controls and the ability to quickly identify unusual occurrences and deviations. By acquiring the competencies needed for setting-up the various components of an integrated project financial management system with corresponding modules/procedures for planning and budgeting, accounting, financial reporting, internal control, auditing, procurement and disbursements, you will be able to position yourself as a certified and credible project financial officer.
Financial officers and assistants, project finance officers, administrative and finance assistants, senior project assistants, disbursement specialists, project accountants and assistants, financial management specialists, accounts managers.
Proper project financial management is essential to enable development cooperation projects to achieve their objectives. A well planned, organized, and executed project financial management function also builds confidence by demonstrating to stakeholders that adequate governance arrangements are in place.
Course participants will be able to competently design and operate project financial management systems and execute corresponding payments/disbursements in accordance with sound professional standards and the harmonized requirements of donors and their respective governments.
Participants who successfully complete the training can expect to improve or enhance their knowledge and skills and be able to:
This course is delivered through distance learning and deployed on the ITCILO e-campus. It frees you from the classroom and gives you the flexibility to complete the learning modules at your own pace and to fit the weekly assignments and the carry-through assignment within your own schedule.
This course is part of one Diploma programme: