Webinar - 27th October
13:00PM - 14:00PM, 27 October 2010
Location: Webinar
Kim Oschadleus, Financial Consultant, Teacher and Chartered Accountant
Show me the money! Finances; what you need to know
Objectives/proposed achievements
It’s all about the money. Every business owner knows it. Every public service needs it. And to project managers it’s one of the triple constraints: scope, time – and cost. The one we don’t like talking about because it’s often too hard.
In fact, preparing, agreeing and then tracking a project budget can be one of the project manager’s big nightmares:
- “What are those Finance people on about?” – Comprehend financial concepts and jargon
- “How much will it really cost?” – Build confidence in the accuracy of your budget and risk estimates
- “How much have we spent?” – Build simple cost controls into your project status tracking process
This webinar will emphasise the importance of taking charge of financial aspects and recap the key elements of estimating project costs, developing a project budget and planning for effective cost control. We will look at what needs to change in the future to enable project managers to take ownership of their project finances.
Learning Objectives:
On taking part in this webinar, participants will:
- Get an overview of the financial aspects of project management
- Understand the importance of knowing the cost of the project to date
- Be given some examples of factors that hide real cost
- Learn about areas that need to change to improve financial control of projects in the future
- Hear about new technologies that could assist with project financial control
Kim OSCHADLEUS
Kim Oschadleus believes financial control is often misunderstood and becomes a proverbial thorn in the side of project managers. Kim is a financial consultant and educator with 17 years experience in working with diverse groups and companies assisting them to take financial control and ownership of their businesses, departments or projects.
Kim completed her trainee accountant contract with Coopers & Lybrand in 1996, where she took part in diverse audits. After completing her training contract, she joined Iscor Limited as an Internal Audit Consultant, and carried out financial training and consulting work on behalf of the Iscor School of Finance to Iscor Ltd. Kim joined Booz·Allen & Hamilton (South Africa) in April 1998 as the Finance Manager which involved consulting internally to the different teams as well as on financial projects for clients. After immigrating to the UK, Kim worked for British Airways as a Legal and Regulatory Analyst. This involved investigating international tax requirements and redesigning processes to ensure these requirements were met.
Kim was responsible for writing the Project Cost Management module for PMI’s Web-Based Self Study (WBSS) E-learning project in 2008 which ties into PMBOK® 4th Edition. Her ‘Financial Control for Project Managers’ workshop was well received at the Asia Pacific Congress held by PMI.
As co-founder and director of Act Knowledge, she assists clients in developing strong financial foundations for their projects or organizations. Not only is Kim knowledgeable on her subject but she is inspirational in getting clients and attendees to take action to implement strategies to get financial control on track. Kim is a Chartered Accountant with a Masters degree in Taxation, is a member of the South African Institute of Chartered Accountants.
