College of Management and IT (CMIT)

ILM Diploma (Project Management and Finance)

Qualification under the NFQ.

eLearning course with Tutor Support.

Start any time and work at your own pace.

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Learn anytime, anywhere.

Course Details

This ILM Project Management and Finance course provide existing managers (or those considering a career in management) with a comprehensive overview of Managing Projects, Budgeting and Interpreting Financial Statements in an organisation environment. Learners will look at key areas of management practice before branching into the areas of Project Management and Managing Finance. The course aims to equip learners with competencies in the areas of managing people, planning, implementing and evaluating projects and interpreting key financial statements in management decision-making.

By choosing to study this course with CMIT, Students have 24×7 access to CMIT eLearning for the duration of the course. This includes a comprehensive Course Manual, Video, Quizzes and personalised Tutor Support. The course documentation for this ILM Diploma in Leadership and Management – Project Management & Finance course is detailed and easy to read. You will also be able to upload assessments online and receive online feedback. You can use the eLearning system from any computer that has internet access.

Who should complete this ILM Project Management and Finance course?
  • Project Managers: Ideal for those managing projects in various sectors, focusing on planning, implementation, and evaluation of projects.
  • Financial Analysts: Suitable for professionals involved in budgeting and interpreting financial statements in business environments.
  • Operational Managers: For managers and supervisors looking to enhance their skills in managing finance and overseeing project execution.
  • IT Project Managers: IT professionals who manage projects and are looking to formalize their skills in project management and financial aspects.
  • Marketing Managers: Beneficial for marketing professionals to acquire non-core skills in project management and finance, aiding in more holistic management roles​​.
Entry Requirements / Prerequisites
  • Level 5 (Ireland) certificate or equivalent qualification and/or relevant life and work experiences.
  • As this is a Level 5 (UK) / Level 6 (Ireland) professional qualification, learners will be expected to reference their assignment work to a high academic standard.
  • Candidates must be fluent in English with excellent written English Skills to achieve the assessment criteria. Queries on the standard required can be directed to the college.
  • The assessments for this course draw on candidates own practical experience and as such candidates need to be working or have access to an organisation in which they can plan, execute and reflect on a number of management activities.
  • As this programme is delivered through distance learning, students must be capable of studying on their initiative.
  • Basic working knowledge of computers and access to a computer with internet access is required to do the course.
  • For technical requirements required to access CMIT eLearning click here>
  • For more details on the suitability of this course click here>


How CMIT eLearning Works…
Topics covered in this ILM Project Management and Finance course
Unit 1: Assessing Your Own Leadership Capability and Performance
  • Management and Leadership
  • Theories of Management and Leadership
  • Personal Competencies: Delegation, Motivation, Influencing, Conflict Management, Teamwork and Collaboration
  • Professional Competencies: Developing and Coaching
  • Leadership Competencies: Initiative, Transparency, Inspiration, Change, Self-control and Adaptability
  • Management Development Options
  • Skills Audit and Development Plan
Unit 2: Making a Financial Case
  • Short and Long-term Planning
  • Budgets and Budgeting
  • Capital and Revenue Expenditure
  • The Cash-flow Statement
  • Costing Techniques
  • Cost Behaviour and Allocation
  • Marginal Costing
  • Break-even Analysis
  • Margin of Safety
  • Capital Appraisal Techniques
  • Payback Period
  • Net Present Value
  • Internal Rate of Return
Unit 3: Managing Projects in the Organisation
  • Principles of Project Management
  • Projects in Organisations
  • Project Management Methodology
  • Project Management Tools and Techniques
  • The Project Initiation Document
  • The Project Plan
  • Work Breakdown Structure (WBS)
  • Scheduling Effort
  • Scheduling Techniques
  • Resource and Budget Planning
  • Scope Planning, Verification and Change Control
  • Project Communications
  • Risk Management and Contingency Planning
  • Managing Staff and Suppliers
  • Project Monitoring
  • Cost Control
  • Schedule Control
  • Quality Control
  • Project Close-out
  • Personal Development Plan
Unit 4: Managing and Implementing Change in the Workplace
  • The Role of Change in the Management Process
  • Common Problems when Implementing Strategic Change
  • Mission, Vision and Value
  • External and Internal Analysis
  • The Role of Change in the Management Process
  • Common Problems when Implementing Strategic Change
  • How to Communicate Change
  • Getting Buy-in
  • Stakeholder Management
  • Implementing Change
  • Kotter’s 8-Step Model
  • Managing Risk and Resistance to Change
  • Organisation Structure
  • Devising Operational Plans
  • Monitoring and Control
Unit 5: Understanding the Organisational Environment
  • Uses of PESTLE Analysis
  • Components of a PESTLE Analysis
  • Information Gathering
  • Ethics
  • Key Drivers of Change
  • PESTLE Impact Assessment
Unit 6: Developing People in the Workplace
  • People Development and Performance Management
  • Performance Management Cycle
  • Setting Performance Indicators
  • Principles of Objective Setting
  • Performance Appraisal Methods
  • Performance Improvement Options
  • Personal Development Plans
  • Managing Underperformance
  • Disciplinary Procedures
Unit 7: Understanding the Skills, Principles and Practice of Effective Management, Coaching, and Mentoring
  • The Role of Coaching and Mentoring
  • Applications of Coaching
  • Building Relationships
  • Building Self Esteem
  • Giving Non-Judgemental Feedback
  • Empowering
  • Ethics and Standards
  • The Coaching Process (TGROW)
  • Individual Coaching Plans
Unit 8: Interpreting Financial Statements to Assess Organisational Performance Using Financial Ratios
  • Key Concepts in Finance
  • Main Financial Statements
  • Financial Principles and Standards
  • Interpreting Financial Statements
  • Use of Financial Statements
  • Interpreting Balance Sheets
  • P&L Statements
  • Horizontal Analysis
  • Trend Analysis
  • Vertical Analysis
  • Ratio Analysis
  • This course is assessed through a series of tutor-marked assignments.
  • All work submitted must be your work. There is no exam for this course.
  • As part of our quality assurance, learner assessment work will be marked by an Internal Assessor, then checked by an Internal Verifier and an External Verifier.
Transfer and Progression to Further Studies
  • Learners who successfully complete this programme may build on the units achieved towards another recognised ILM qualification.
ILM Membership
  • All registered candidates automatically become studying members of the ILM for 6 months, free of charge, and can enjoy a range of member benefits.
  • CMIT is registered and approved with ILM to offer programmes leading to ILM qualifications.
  • UK: Following successful completion of this course, you will receive an ILM Diploma in Leadership and Management (Level 5 UK) from the Institute of Leadership and Management. This qualification is on the UK Regulated Qualification Framework (RQF).
  • Ireland: This qualification is fully recognised in Ireland and is comparable to an award at level 6 on the Irish National Framework of Qualifications.
  • Europe: This qualification is fully recognised as the equivalent of a Level 5 on the European Qualifications Framework (EQF).

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