The aim of this unit is to provide an in-depth understanding of project financial and procurement management to meet stakeholder objectives. Students explore the principle of financial planning, financial control and record keeping.  Organisational value and how it is represented in project financial imperatives are also explored.  

Procurement management focuses on that part of the project's scope of work which will be bought from another organisation, either as a result of company alliance arrangements, or most often resulting from contracting or subcontracting work packages. Purchased work packages undertaken by another firm must be well defined and managed with great care, or disputes, claims, and project delays will arise, impacting cost, schedule, and ultimately project success. Project procurement creates a legal relationship and thus there is an understanding requirement of the basics of contract law.