Financial management for development projects goes far beyond administrative tasks and compliance checks. It is closely tied to the results-based management (RBM) approach used by most donors, who expect a clear connection between planned results, activities, and the resources allocated to them. RBM strongly influences performance-based management by requiring teams to monitor how efficiently resources are used and whether implementation is progressing toward the intended results. As a result, project financial management must ensure that budgeting, reporting, and financial controls directly support the project’s results framework and comply with donor expectations for transparency, accountability, and value for money.
Sound project financial management provides:
A strong financial management system also supports effective forecasting and reporting by linking financial decisions with planned results. This requires a clear view of expected outputs and outcomes, combined with precision and preparedness in day-to-day accounting and monitoring.
This course will also explore how emerging AI tools can support different aspects of financial management - from automating data collection to identifying irregularities, strengthening analysis, and improving the overall quality and timeliness of reporting - helping project teams work more efficiently and with greater confidence.
Professionals involved in the financial aspects of development projects, including: financial officers, project finance assistants, accountants, disbursement specialists, project managers, and administrative staff supporting project operations.
Effective financial management is vital for achieving the intended results of development projects. Reporting is central to donor compliance, and clear budgets, accurate financial data, and strong internal controls strengthen decision-making, ensure adherence to donor requirements, and safeguard project resources.
By attending this course, you will gain the practical skills to operate a complete project financial management system - from planning and budgeting to reporting, internal controls, and disbursements. With these competencies, you will be well-equipped to support your organization in delivering projects effectively and contributing directly to the achievement of defined results.
By the end of the course, participants will be able to apply the principles and practices of project financial management in line with donor requirements and organizational standards. They will be equipped to contribute directly to effective planning, implementation, monitoring, reporting, and closure of development cooperation projects, namely:
Participants will be able to competently design and operate project financial management systems and make 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 certification programme is delivered in a blended learning format, combining distance learning with an in-person learning experience. It includes an online phase followed by a one-week workshop in Turin at the United Nations Campus, as part of the 2026 Development Cooperation Academy.

For more information on the Academy please click on the following link
Once participants have completed the workshop, they will then work remotely with the assistance of an expert on a final project and receive their certification. The entire programme consists of approximately 70 hours of learning.
Moreover:
Upon successful completion of the Academy, participants receive a Certificate of Achievement in their chosen discipline.
This certificate shows that you have fulfilled all assignments, knowledge tests and other prerequisites to a minimum standard.
The complete effort amounts to 70 hours of learning.
The certificate is a digital certificate which is protected by block-chain technology and can be displayed on social media.
The certifications form part of the ITCILO Diploma for Development Cooperation Specialists: