14

Project Financial Management

Lifecycle Case Study
A Day in the Life of a Project Manager

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Project Financial Management Lifecycle Practices

Practices Practices Practice Practices Practice Practices Practices

Create Project Create Labor Exp. Review Capital Create Contract Approve Contract Review Project Monitor Project
Manage Project Budget Item Manually Assets Generate Contract Costs Performance
Create Labor Exp. Invoice
Via Excel Generate Contract
Post an Invoice to Revenue
the Project

Manage
Project Manage Manage Review Monitor
and Project Capital Manage Manage Project Project
Project Costs Assets Contracts Contract Costs Performance
Budget

Project Project Project Project

Project Billing Specialist
Manager Accountant Accountant Manager

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Agenda

• Create and Manage a Project and Project Budget

• Create Project Expenditures and Costing Transactions
• Review Capital Assets
• Manage Contracts
• Monitor Project Performance
• Review Project Costs
• Analyze Data on the Project Management Dashboard

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Objectives

After completing this lesson, you should be able to test your implementation by completing
simple lifecycle practices.

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