Course

Unit 1

Financial planning

Meaning – objectives—Importance – benefits -scope – components of a financial plan — steps of financial planning – Limitations of financial planning.

Unit 2

Focus areas of financial planning

Retirement and financial planning—Integrating tax and financial planning—Estateplanning—Risk management and insurance needs—Cash management, budgeting and debt management— education planning and income splitting—investment planning and asset allocation.

Unit 3

How to write a financial plan

Steps to create a financial plan—Defining the goals of investment—understanding the current circumstances—management of risk—preparation of the budget—prioritization of goals— adjustment of needs—the 50 30 20 rules—The triple P in financial planning.

Unit 4

Introduction to Project management

Concept of project management – meaning, scope and importance – phases of project management

– project planning – steps of project planning – the 7Cs of project management.

Unit 5

Core areas of Project management: Accounting in project management – project finance – project management information system – project risk management – project planning and execution – project contracting – project control systems – PERT – CPM

Course objectives:

• To help the students enrich the concept of project management and help them in project planning and
• To familiarize the students with the concept of financial planning and retirement planning and help them create strategies for implementing good

Course Outcome:

The students will be able:

CO1: To Understand the concept of financial planning.

CO2: To apply financial planning in focused areas.

CO3: To write a good financial plan

CO4: To identify the project management concepts.

CO5: To differentiate project management techniques.

Textbooks:

1. Chandra, Prasanna – Fundamentals of Financial Management – McGraw Hill
2. Rustagi, P. – Fundamentals of Financial Management – Taxmann

References:

1. Gupta, Shashi K., Sharma, R.K., and Gupta, Neeti – Financial Management: Theory and Practice – Kalyani
2. Heagney, Joseph – Fundamentals of Project Management – .
3. Pinto, Jeffrey – Project Management: Achieving Competitive Advantage – Pearson.