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University Certificate
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Financial Management of Projects
This course provides an introduction to project management with a focus on establishing the baseline of time, cost and scope and then managing the finances associated with delivering that project.
Course Overview
This programme will introduce learners to standard project management terminology before moving into more technical aspects of project management associated with establishing the baseline (time, cost and scope) and then monitoring progress. The course takes a particular focus on financial aspects of project management including the initial cost / benefit analysis and then tracking of actual costs against those forecast.
On this course you will...
Develop your understanding of projects and how they are managed
Acquire technical skills in schedule development
Develop your understanding of the financial aspects of project management
Develop your understanding of project performance and recommend suitable courses of action
Course Structure
What you will learn
Students will learn industry standard terminology and skills associated with project management. there is a particular emphasis on technical and financial skills development to enable a sound baseline schedule to be developed which can then be tracked as work is underway.
Year one
There are three modules on the programme, each delivered over a 6-7 week period in day release mode.
Principles of Project Management The first module introduces standard project management terminology, drawing on the latest version of the Body of Knowledge published by the UK Professional Body for Project Management, the APM (Association for Project Management).
Project Planning and Resource management The second module is more technical in nature, making use of software packages that can be used to construct project schedules. This second module focusses on planning and resource management for project schedules and will introduce concepts such as network precedence diagrams, Gantt charts and resource optimisation.
Project Finance Management The final module develops your understanding of two main financial aspects of project management, the financial appraisal that underpins investment decisions and then earned value analysis which enables project progress to be tracked against that which was expected.
Teaching & Assessment
How you will learn
Learning takes place in tutor-led sessions where formal delivery of theory is punctuated with individual or group activities that are used to develop understanding and reinforce learning. All of the learning materials are available online in the University's virtual learning environment which enables learners to read-ahead or re-visit topics as needed.
How you will be assessed
Assessment takes place in a range of ways including written work and online tests. The tests will be used to check understanding and also your ability to apply the principles being taught to real examples and scenarios.
Career outcomes
Overview
This is an entry level qualification and no formal qualifications are required. As this is an applied, vocational programme it is normal for applicants to be able to demonstrate that they have employer support for this study.
Contextual Admissions
Not Applicable for this course
Fees & Funding
Tuition Fees
UK Tuition fees
£4,767.50 Year
International Tuition fees
£7,450 Year
The figures above don't include accommodation and living costs.
Tuition fees are set annually and are subject to review each year. The University may therefore raise tuition fees in the second or subsequent years of a course, in line with inflation and/or the maximum permitted by law or Government policy. Students will be notified of any changes as soon as possible.
International Finance
At the University of Cumbria, we offer affordable tuition fees for international and EU students looking to study at one of our main four campuses. No matter your choice of course or career path, our International Team is here to support you.
We have a wide range of scholarships, bursaries, grants and funds available to support you throughout your studies with us. This includes the Cumbria Bursary - a non-repayable bursary designed to support first year students with a household income of less than £25,000..
You should budget for stationery and consumables for personal use. These may include notebooks, pens and pencils, digital storage devices, printing and photocopying. The amount you spend will depend on your study preferences.
Books and journals
Approximately £50 to £300 over the course of your studies
Optional · Throughout the course · Books and journals
Most core textbooks and journals are available through the University library. You may choose to purchase personal copies of books or other resources used to support your studies.
Some courses recommend particular books or provide an estimated annual budget for purchasing personal copies. Search for your course below for details.
Technology requirements
Cost depends on the equipment and internet service you choose
Required · Throughout the course · Digital learning and IT
You will need regular access to a laptop or computer capable of accessing the internet and running software such as a word processor and Microsoft Teams. Microsoft 365 is provided as part of your studies. You will also need a reliable internet connection. The amount you spend will depend on the equipment and internet service you choose.
Online learning at the University of Cumbria is an interactive experience that makes use of a range of technologies and media types to provide a rich learning environment.
An Open Day is your opportunity to explore one of 5 campuses, meet your lecturers, and find out how the University of Cumbria could become your new home.
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