Project Management - Create a rolling financial forecast

Course Title: Project Management - Create a Rolling Financial Forecast

Headline: 🌟 Learn what rolling financial forecasts are and how they are used in the project management domain.

Your Instructor

• Jamal Moustafaev, BBA, MBA, PMP
  • A seasoned project and portfolio management consultant with over 25 years of industry expertise.
  • Jamal's hands-on experience across various industries is the foundation upon which you will build your forecasting skills.

Course Description:

Embark on a transformative journey with Jamal Moustafaev, as he unveils the secrets of creating a Rolling Financial Forecast in the dynamic world of project management. This course is designed to equip you with the knowledge and tools necessary to master financial forecasting, ensuring your projects are both successful and financially optimized.

Course Outline:

1. Introduction to Rolling Financial Forecasts

   • Understanding the concept and its role in project management.
   • The importance of financial forecasting for project success.

2. Fundamental Principles

   • Tolerance levels for monthly and total variances.
   • Handling both positive and negative deviations with precision.

3. Beyond the Myth of "+/-10%"

   • Insights into how senior sponsors navigate around common estimation myths.
   • Strategies to manage estimation uncertainties with confidence.

4. Step-by-Step Analysis of a Real Project

   • Creating the initial forecast and various estimation techniques.
   • Techniques such as team assessments, historical data analysis, and applying 90% confidence levels.

5. Navigating Project Timelines

   • Safeguarding your Total Contingency.
   • Addressing monthly variances effectively.
   • Mitigating project delays and replenishing the contingency fund to the PMO.

Key Takeaways:

• A comprehensive understanding of rolling financial forecasts in the context of project management.
• Practical knowledge on how to create and maintain accurate financial forecasts.
• Strategies for managing variances and optimizing project financials.
• Insights into the estimation techniques that senior sponsors use.

What You Will Learn:

• How to develop a rolling financial forecast from scratch.
• Techniques to apply historical data, team assessments, and confidence levels to your forecasting.
• Best practices for managing your Total Contingency and addressing monthly variances.
• The ability to make informed decisions that drive project success and financial optimization.

Why Enroll in This Course?

• Expert Instruction: Learn from an esteemed expert with decades of experience in project and portfolio management.
• Real-World Application: Apply what you learn to real-world projects, enhancing your practical skills.
• Strategic Insights: Gain a competitive edge by understanding how to handle financial forecasting like a seasoned professional.
• Confidence in Decision Making: Make informed decisions with the knowledge of how to interpret and act upon financial forecasts.

Take your project management skills to the next level and master the art of creating Rolling Financial Forecasts. Enroll now and join Jamal Moustafaev, BBA, MBA, PMP, on this journey to financial clarity and project success. 📊✨