• L&T Institute of Project Management

  • L&T Institute of Project Management

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Working Capital & Cash Flow Management in Projects

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In the current challenging environment, it is desirable for EPC projects to effectively manage cash flows and working capital, or operating liquidity (the speed at which inventory can convert into cash), has always been crucial to the survival of project companies.

Therefore project companies must focus their attention in building adequate cash reserves along with optimizing working capital level else uncontrollable cash gaps and working capital can increase solvency risks and also adversely impacts financial performance of EPC projects. Moreover, cash underpins every area of project operations from keeping projects running smoothly on schedule to paying trade payable partners (vendors, suppliers and sub-contractors). For years, lack of control over cash flow and working capital have been a major contributing factor to the high rate of insolvencies in the construction industry; thus it is an area that requires attention of project professionals while executing projects. This course focuses on how to plan project cash flows, cash gaps and working capital during proposal stage this along devising a strategy for effective monitoring and control of project’s payables, inventory, receivables and cash gaps during execution stage of EPC Projects. Project professionals are expected to benefit from the updated, more thorough and fresh understanding of their skills in improving and managing the working capital performance and the cash flow for effective project delivery.

 

Target Audience: Executives to Tier-2

Program Manager: Hiren Maniar

Duration: 2 Days (16 hours)

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