The general aim of the course is to increase students' basic knowledge and understanding of financial and project management. After taking this course, students:
- Know what intra- & inter-organizational projects and project-based organizations are;
- Have basic knowledge about the financial management of organizations and projects (management and financial accounting);
- Are able through doing assignments to apply their knowledge of financial management;
- Have basic understanding of project management;
- Are able through doing assignments to apply their knowledge of project management;
Recommended PrerequisitesIntroduction to Organization Studies; Introduction to Human Resource Studies; Economics for the Social Sciences.
Recent years have witnessed the growing importance of project-based organizations and organizing across a range of sectors (e.g. construction industry, creative industry and consulting), particularly in relation to the generation of new technology (e.g. in biotechnology firms) or finding new solutions to problems (e.g. in business services and engineering). This increased prominence has triggered substantial interest of academics and practitioners in the financial and managerial aspects of projects and project-based organizations. Furthermore, many of today's students will work in project-based contexts, making basic knowledge about financial and project management crucial for their career.
The course Financial and Project Management consists of three inter-related parts. The first part deals with an introduction into project-based organizations and project-organizing from an intra- and inter-organizational perspective. Special attention is devoted to so-called inter-organizational temporary organizations and their characteristics, benefits and pitfalls as to production, learning, and innovation.
The second part discusses the nature of projects (e.g. project lifecycles, phases and milestones) and project management (e.g. project quality and risk) and discusses tools and techniques of project management (e.g. work breakdown structures and Gantt charts) to plan a project at a basic level.
The third part focuses on the financial management of organizations and projects. Students will be introduced to basic accounting principles and learn in which ways accounting information is used in order to support organizational decision makers such as managers (management accounting) and external decision makers such as stockholders (financial accounting). In this context, special attention will be given to project reporting. Next to this, an introduction will be given to the different techniques and tools that are used by decision-makers on future projects investments. Thus, students will learn about asset pricing, risk valuation, return on investments and financial leverage/engineering in order to be able to assess the attractiveness of certain investment opportunities.
Type of instructions
Lectures, seminar groups
Type of exams
Written exam (70%), Group Assignment (30%)
- Brouwers, M.P., Koetzier, W., Basics of Financial Management, Noordhoff Uitgevers, 2018, ISBN 9789001889210. (NOTE: The previous edition of the book, ISBN 9789001839147, can also be used).
- Passenheim, O., Project Management, Ventus Publishing ApS, 2009. Free E-book: can be downloaded for free from bookboon.com
|Course available for exchange students|
|Written test opportunities|
|Schriftelijk / Written||EXAM_01||BLOK 4||2||23-06-2020|
|Written test opportunities (HIST)|
|Schriftelijk / Written||EXAM_01||BLOK 3||1||26-05-2020||Required materials|
|1. Brouwers, M.P., Koetzier, W., Basics of Financial Management, Noordhoff Uitgevers, 2018, ISBN 9789001889210. (NOTE: the previous edition of the book, ISBN 9789001839147, can also be used.)
2. Passenheim, O., Project Management, Ventus Publishing ApS, 2009. Free E-book: can be downloaded for free from bookboon.com|