Business Finance For Engineering Leaders


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Basic Finance Konwleage only for Engineering Leaders

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Business Finance For Engineering Leaders

  1. 1. April 23-24,, 2012 CII Innovation Center, Shanghai Business Finance for Engineering Leaders TRAINER Ray Sheen World Recognized Project Management Guru A veteran business leader with over 25 years of executive, engineering management, and project management experience. He spent 10 years with the US Air Force, and 9 years with General Electric.April 23-24, 2012 CII Innovation Center, Shanghai Tel:400-628-8980
  2. 2. The Trainer Ray Sheen Ray Sheen, PMP, is president and founder of Product & Process Innovation, Inc. He is a veteran business leader with over 25 years of executive, engineering management, and project management experience. He is a certified Project Management Professional (PMP), a member of the Project Management Institute, the Product Development Management Association, and the Institute of Management Consultants. Ray spent 10 years in the Air Force, and finished his Air Force experience as the Executive Officer for the Ballistic Missile Office, a 1,000-person organization responsible for all Air Force ballistic missile design, development, and production with a multi-billion dollar annual budget. Ray spent 9 years with General Electric, implementing Best Practices and Continuous Improvement at 9 of GEs businesses, serving as Program Manager at GEs Crotonville training center, and playing a major role in formulating and implementing GEs New Product Introduction initiative, including leading several product development projects. As founder and president of the consulting firm Product & Process Innovation, Ray has worked with many corporations to review and improve their business strategy, engineering, manufacturing, and project management processes with emphasis in the area of product development. His recent consulting clients include Johnson & Johnson, Medtronic, Instrumentation Laboratories, Kaman Aerospace, Dominion Power, Varian, General Electric, and Harvard Clinical Research Institute.Course Description Business is measured in financial terms. An engineering manager who does not understand the basics of business finance is unable to consistently make wise decisions. Unfortunately, many project managers and engineering mangers have never received training in basic business finance. This course will explain the three basic financial statements: Income Statement, Balance Sheet, and Cash Flow Statement. Each of the major items on the statements will be explained and the impact that project managers and functional managers can have on these items will be discussed. In addition, topics such as inventory accounting, capital budgeting, depreciation, productivity, and Return on Investment (ROI) analysis will be covered. In this information-packed two-day course you will learn the basics of business finance needed by the typical functional manager. Through exercises and case studies you will discover how the financial items inter-relate and how they can be affected by functional manager’s decisions. The participants must bring a laptop with Microsoft Excel in order to do some of the exercises.Who Should Attend Project manager/engineers Engineering manager/engineers Research & Development manager/engineers April 23-24, 2012 CII Innovation Center, Shanghai Tel:400-628-8980
  3. 3. Day 1 Agenda Section 1 9:00 Course Introduction Course Objectives Course Dayplan Section 2 9:30 Financial Statements Income Statement Balance Sheet Cash Flow Statement Financial Definitions, Ratios & Measurements 10:30 Networking Break Section 3 10:45 Business Financial Planning and Analysis Measuring Financial Performance (EBITDA, EVA, MVA, Balanced Scorecard) Budgets & Variances Annual Budgeting Process Project Budgeting Process Cost Accounting 12:00 Networking Lunch Section 4 13:00 Capital Budgeting and Asset Management Capitalization, Amortization & Depreciation Capital Budgeting Process Capital Budgeting Special Cases Asset Management 15:00 Networking Break Section 5 15:15 Return on Investment Analysis Breakeven Point Payback Period Net Present Value Internal Rate of ReturnApril 23-24, 2012 CII Innovation Center, Shanghai Tel:400-628-8980
  4. 4. Day 2 Agenda Section 6 9:00 Cost Estimating, Control and Forecasting Cost Estimating Budget Reserves Cost Tracking Supplier Cost Tracking 10:30 Networking Break 10:45 Cost Estimating, Control and Forecasting (Continued) Annual Forecasting Project Forecasting 12:00 Networking Lunch Section 7 13:00 Manufacturing Cost Analysis Manufacturing Costs – Material, Labor, Overhead Productivity Inventory Accounting Make vs Buy Analysis 15:00 Networking Break Section 8 15:15 Earned Value Analysis Earned Value System Earned Value Definitions and Ratios Establishing Earned Value Earned Value Forecasting 16:30 Summary, Question & AnswerApril 23-24, 2012 CII Innovation Center, Shanghai Tel:400-628-8980
  5. 5. China Institute for Innovation(CII) China Institute for Innovation is a consulting and academic organization established specifically to help Chinese companies, multinational organizations and government agencies to meet the needs for world-class expertise in innovation. CII is a leading innovation education, training, research, and networking institute in China. CII offers a wide variety of programs to help people at all levels and in all roles to understand and master the principles and practices of innovation, to help their organizations succeed in the innovation- driven economy. CII Innovation Center CII Innovation Center is a physical innovation and collaboration center. It is a platform where you come to brainstorm, to share, to learn, to collaborate, and to have fun. It is an innovation hub, and an idea factory. The center is designed by Langdon Morris, a senior partner of Innovationilabs, and a co-founder of China Institute for Innovatioin. We offer customized training programs, brainstorm sessions, collaboration events, and innovation space renting services for our clients. We leverage the collective intelligence to solve complex problems for our clients. UPCOMING EVENTS Product Innovation Led by Joe Zhou, March 26-27, 2012 Shanghai R&D Project Management Led by Ray Sheen, April 16-18, 2012 Shanghai Business Finance for Engineering Leaders Led by Ray Sheen, April 23-24, 2012 Shanghai April 25-26, 2012 Beijing Flexible Product Development Led by Preston Smith, April 23-24, 2012 Shanghai DOE Led by Jim Leonard, May 21-22, 2012 Shanghai FEMA Led by Jim Leonard, May 24-25, 2012 Shanghai R&D Leadership Led by Gary Hinkle, May 30-31, 2012 ShanghaiApril 23-24, 2012 CII Innovation Center, Shanghai Tel:400-628-8980