COURSE DESCRIPTION

The focus of the training is to help participants acquire skills and enrich their knowledge on stat-of-the-art Financial Management principles and concepts for project staffs. Financial Management is more than an administrative and control function. Sound financial management is a critical prerequisite for a successful project delivery. Timely and precise financial data are indispensable for effective decision- making as well as corrective action by prudent project management practices in order to enhance the prospect of timely completion within the planned project budget and scope of its deliverables. This program is structured to improve the competency level of staffs working on donor-funded projects such as project under World Bank projects. As such a World Bank guidelines and manuals will be used as a basis for this training.

The training will include group works and demonstrations so that participants will develop their skills in ways that they can deploy these skills on their immediate work environment. The training will be of an international level standard. This program is structured to improve the competency level of both middle level and senior leadership and technical experts at federal, and subnational level offices.

TARGET GROUP

This course primarily targets directors, senior management at different level of government, Heads of units managing staffs, and project coordinators, middle level and senior staffs working on education management information systems, education policy analysis and program management, Monitoring and Evaluation experts, and Education Management Information Systems experts.

Requisites: minimum qualification of Bachelor’s degree is a social science or science field is required.

COURSE OBJECTIVES and OVERVIEW

The course Objectives include:

• Gain comprehensive knowledge required in preparation of all financial statements for donor funded projects
• Be acquainted to Further knowledge on analysis and interpretation of financial statements
• Understand project formulation strategies from a financial perspective
• Procedures followed in project identification and budgeting.
• Develop knowledge managing funds throughout the phases of a project
• Understand procedures followed in financial monitoring and evaluation of donor funded projects

Fundamentals and Principles of Public Finance Management.

• Budget responsibility and accountability delegated to service managers
• Masses of performance indicators, league tables, etc.
• Use of partnerships and outsourcing contracts.
• Attempts to use performance-related pay, activity-based costing, balanced scorecards, separation of front and back office work.
• Emphasis on value for money.
• Private-sector management practices.
• Parsimony in the use of resources.
• Power and Strength of Financial Ministries.
• Seven Principles of Public Servants and their responsibilities.

PROGRAMME OF STUDY

There will be 6 interactive academic study hours per day for 6 (Six) days for each phase as per the teams availability. The number of study hours amounts to 36 interactive hours for the advanced analytics and Policy and program analysis.