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 for senior technical managers who seek to enhance their understanding of financial concepts, strategies, and tools necessary for effective corporate financial management. By acquiring these skills, participants will be better equipped to manage resources, persuade corporate financial officers to allocate funding for projects, and address senior management's concerns regarding risk.
The course begins with an introduction to fundamental accounting concepts and financial decision-making principles. It then progresses to dynamic case studies that explore the management of uncertainty. Throughout the course, participants will learn about accounting frameworks and how to apply real financial tools to real-world scenarios.
Key topics covered include essential financial principles for evaluating projects, securing funding, and allocating resources. Participants will also learn effective ways to collaborate with financial decision-makers and apply finance principles to both short-term and long-term goals.
By the end of the course, participants will have gained a comprehensive understanding of how finance is interconnected with business operations and will have acquired a valuable skill set for advocating their own projects. The course also addresses global markets and uncertainties, assisting participants in identifying areas where their organization may possess 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