DPM712 Assignment Brief
| Qualification | QUALIFI Level 7 Diploma in Project Management |
|---|---|
| Unit Code | DPM712 |
| Unit Title | Finance for Project Managers |
| Unit Reference | K/651/6509 |
| Credits | 20 |
| TQT | 200 |
| GLH | 100 |
Assignment Aim
This aim of this unit is to support learners in understanding and using financial information and data. This unit is important to learners as it support financial decision making and financial project management. By understanding the fundamental concepts of project management, the importance of financial management in ensuring project success, and the key roles within a project team, learners will be wellequipped to manage the financial aspects of projects effectively. This knowledge is essential for making informed financial decisions and achieving successful project outcomes.
Learning Outcomes and Assessment Criteria
| Learning Outcomes When awarded credit for this unit, a learner will: |
Assessment Criteria Assessment of this learning outcome will require a learner to demonstrate that they can: |
| 1 Be able to evaluate the financial aspects of project management and their importance to project success | 1.1 Explain the key stages of the project management process
1.2 Analyse the key roles in and their impact on the project management process 1.3 Explore the financial aspects of project management 1.4 Evaluate the importance of financial management to the success of a project |
| 2. Be able to analyse financial information and data. | 2.1 Evaluate the importance of financial management to the success of a project
2.2 Analyse different financial documents and information and formulate conclusions about financial performance levels and needs of stakeholders. 2.3 Conduct comparative analysis of financial information and data. 2.4 Critically review and question financial information and data. |
| 3. Be able to assess budgets and their ability to support organisational objectives. | 3.1 Identify how a budget can be produced taking into account financial constraints and achievement of targets and accounting conventions.
3.2 Be able to assess a budget. 3.3 Identify how a budget for a complex organisation can support organisational objectives and targets whilst taking into account financial constraints and accounting conventions. |
| 4. Be able to evaluate financial proposals for expenditure provided by others. | 4.1 Identify criteria by which proposals can be judged.
4.2 Critically analyse the viability of a proposal for expenditure. 4.3 Identify the strengths and weaknesses of a proposal and give feedback on the financial proposal. 4.4 Analyse the viability of a proposal for expenditure. |
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