As engineers move from technical to project or leadership roles, the importance of a strong financial skill set grows. Financial acumen allows engineers to develop an understanding of the impact of their decisions on the broader organisation, align their decisions with an organisation’s strategic objectives and improve project performance.
This two-day course will ensure you understand fundamental financial concepts and principles, key financial variables and metrics (and their interrelationship), and opportunities to positively influence financial results. The course uses unique financial models, practical examples, thought-provoking case studies, group discussions, and quizzes to develop your financial acumen.
Upon completion of the course, you'll be able to define and use financial terminology, interpret balance sheets and income statements, appreciate strategic financial goals and priorities, better evaluate financial issues and performance, communicate more effectively with senior managers and financial personnel, explain how individual projects influence financial productivity, and justify proposals or recommendations from a financial perspective.
Build your Chartered competencies
This training course builds skills and knowledge in the following Engineers Australia Chartered status competencies*:
6. Identify, assess and manage risks
*Completing this course does not automatically guarantee a competency, it provides participants with the underpinning knowledge required to develop specific Chartered competencies.
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We can bring this course to you and even customise the content so that it’s applicable specifically to your work group and industry context.
Find out more about how we can help you and your team with your financial knowledge by filling out an enquiry form or calling +61 3 9321 1700.
Engineers and project managers who seek to gain a strong understanding of the fundamentals of finance as it applies to engineering activities. Prior knowledge of accounting and finance is not required.
Geoff Rip has extensive experience in consulting and training services, both in Australia and overseas. For more than 20 years he has designed and delivered financial acumen training programs for Australian organisations across all business sectors, including many well-known commercial and blue-chip companies. His programs help non-financial people quickly and easily learn the financial fundamentals using specifically developed models, benefiting staff at all levels.
Geoff has a Bachelor of Business Science (Hons) and an MBA degree, specialising in organisation development. He also has a reputation as a talented facilitator and believes that learning should be stimulating and enjoyable. As a result, Geoff consistently receives excellent feedback on the programs that he delivers.
This two-day course consists of seven comprehensive modules: