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 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.
Online delivery now available
This course can be delivered online as part of our Virtual Workshop program. Adapted for the online learning environment, our Virtual Workshops are interactive and outcomes-based.
Content, duration and format can also be customised for corporate clients through our Tailored Training services.
Please use this form to contact us
or call +61 3 9321 1700
We can deliver this course online in a number of different formats 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.