A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts.
Written by Elizabeth Harrin from RebelsGuideToPM.com.
Recent Posts
How to learn AI the sensible way
Making sense of project cost reports
How real PM mentoring actually works
The Accidental Product Manager: What project managers need to know
How healthy are your project finances?
Categories
accounting,
agile,
ai,
appraisals,
Artificial Intelligence,
audit,
Backlog,
Benchmarking,
benefits,
Benefits Management,
Benefits Realization,
Bias,
books,
budget,
Business Case,
business case,
business case,
Career Development,
Career Development,
carnival,
case study,
Change Management,
checklist,
collaboration tools,
communication,
Communications Management,
competition,
complex projects,
Conferences,
config management,
consultancy,
contingency,
contracts,
corporate finance,
corporate finance,
cost,
Cost Management,
cost management,
credit crunch,
CRM,
data,
data security,
debate,
Decision Making,
delegating,
digite,
earned value,
Education,
Energy and Utilities,
Estimating,
events,
FAQ,
financial management,
financial management,
forecasting,
future,
GDPR,
general,
Goals,
Governance,
green,
Information Technology,
Innovation,
insurance,
interviews,
it,
Knowledge Management,
Leadership,
Lessons Learned,
measuring performance,
Mentoring,
merger,
methods,
metrics,
multiple projects,
negotiating,
Networking,
news,
Olympics,
organization,
Organizational Culture,
outsourcing,
personal finance,
Planning,
pmi,
PMO,
PMO,
Portfolio Management,
portfolio management,
presentations,
privacy policy,
process,
procurement,
product management,
productivity,
Program Management,
project closure,
project data,
project delivery,
Project Success,
project testing,
prototyping,
qualifications,
Quality,
quality,
Quarterly Review,
records,
recruitment,
reports,
requirements,
research,
resilience,
Resource Management,
resources,
risk,
Risk Management,
ROI,
salaries,
Schedule Management,
Scheduling,
scope,
Scope Management,
security,
small projects,
Social Impact,
social impact,
social media,
software,
software,
software,
Stakeholder Management,
stakeholders,
Strategy,
success factors,
supplier management,
team,
Teams,
testing,
testing,
timesheets,
tips,
training,
transparency,
trends,
value management,
vendors,
video,
virtual teams,
workflow
Date
Transcript:
There’s one more time in the Finance department that I want to tell you about. In my last videos, I’ve talked about Accounts Receivable, Accounts Payable and the role of the general accounting team and capital accountants in particular. There’s another team that again, which depending on your project, you may or may not have anything to do with, and again it may be a team of people, but more likely to be one or two people even in a large company, and in a small company it’s likely to be a general finance person who has this as part of their role.
This role is around Treasury and that is essentially to do with bank accounts. So if your company has subsidiary companies or works with partner companies, or wholly owns or partly owns different groups you may find that your project budget comes from various different places and the Treasury team will probably pull all that together.
The Treasury team can also deal with international payments. They will be able to track, if you are making an international payment, what the currency valuation is in your own currency when that hits your bank account. And they can also tell you about any charges you have incurred for making international transactions.
If you are working on an international project, the Treasury team are really useful people to know in case you have these issues with currency or moving money between different bank accounts for different countries.
If you are working on a single currency project, you probably won’t have much to do with them but it is still useful to know who they are and where they are in case you ever need to call on them for your projects.
Posted on: December 04, 2012 01:30 PM |
Permalink
Community Champion
