Basic Finance Konwleage only for Engineering Leaders

1. April 23-24,, 2012 CII Innovation Center, Shanghai
Business
Finance for
Engineering
Leaders
TRAINER
Ray Sheen
World Recognized Project Management Guru
A veteran business leader with over 25 years of executive, engineering management,
and project management experience. He spent 10 years with the US Air Force, and 9
years with General Electric.
April 23-24, 2012 CII Innovation Center, Shanghai Tel:400-628-8980 Email:marketing@innoenterprise.com

2. The Trainer Ray Sheen
Ray Sheen, PMP, is president and founder of Product & Process Innovation, Inc. He is
a veteran business leader with over 25 years of executive, engineering management,
and project management experience. He is a certified Project Management
Professional (PMP), a member of the Project Management Institute, the Product
Development Management Association, and the Institute of Management Consultants.
Ray spent 10 years in the Air Force, and finished his Air Force experience as
the Executive Officer for the Ballistic Missile Office, a 1,000-person organization
responsible for all Air Force ballistic missile design, development, and production with
a multi-billion dollar annual budget.
Ray spent 9 years with General Electric, implementing Best Practices and Continuous
Improvement at 9 of GE's businesses, serving as Program Manager at GE's Crotonville
training center, and playing a major role in formulating and implementing GE's New
Product Introduction initiative, including leading several product development projects.
As founder and president of the consulting firm Product & Process Innovation, Ray
has worked with many corporations to review and improve their business strategy,
engineering, manufacturing, and project management processes with emphasis in
the area of product development. His recent consulting clients include Johnson &
Johnson, Medtronic, Instrumentation Laboratories, Kaman Aerospace, Dominion
Power, Varian, General Electric, and Harvard Clinical Research Institute.
Course Description Business is measured in financial terms. An engineering manager who does not
understand the basics of business finance is unable to consistently make wise
decisions. Unfortunately, many project managers and engineering mangers have never
received training in basic business finance. This course will explain the three basic
financial statements: Income Statement, Balance Sheet, and Cash Flow Statement.
Each of the major items on the statements will be explained and the impact that
project managers and functional managers can have on these items will be discussed.
In addition, topics such as inventory accounting, capital budgeting, depreciation,
productivity, and Return on Investment (ROI) analysis will be covered.
In this information-packed two-day course you will learn the basics of business finance
needed by the typical functional manager. Through exercises and case studies you will
discover how the financial items inter-relate and how they can be affected by functional
manager’s decisions. The participants must bring a laptop with Microsoft Excel in order
to do some of the exercises.
Who Should Attend Project manager/engineers
Engineering manager/engineers
Research & Development manager/engineers
April 23-24, 2012 CII Innovation Center, Shanghai Tel:400-628-8980 Email:marketing@innoenterprise.com

3. Day 1 Agenda
Section 1 9:00 Course Introduction
Course Objectives
Course Dayplan
Section 2 9:30 Financial Statements
Income Statement
Balance Sheet
Cash Flow Statement
Financial Definitions, Ratios & Measurements
10:30 Networking Break
Section 3 10:45 Business Financial Planning and Analysis
Measuring Financial Performance (EBITDA, EVA, MVA, Balanced
Scorecard)
Budgets & Variances
Annual Budgeting Process
Project Budgeting Process
Cost Accounting
12:00 Networking Lunch
Section 4 13:00 Capital Budgeting and Asset Management
Capitalization, Amortization & Depreciation
Capital Budgeting Process
Capital Budgeting Special Cases
Asset Management
15:00 Networking Break
Section 5 15:15 Return on Investment Analysis
Breakeven Point
Payback Period
Net Present Value
Internal Rate of Return
April 23-24, 2012 CII Innovation Center, Shanghai Tel:400-628-8980 Email:marketing@innoenterprise.com

4. Day 2 Agenda
Section 6 9:00 Cost Estimating, Control and Forecasting
Cost Estimating
Budget Reserves
Cost Tracking
Supplier Cost Tracking
10:30 Networking Break
10:45 Cost Estimating, Control and Forecasting (Continued)
Annual Forecasting
Project Forecasting
12:00 Networking Lunch
Section 7 13:00 Manufacturing Cost Analysis
Manufacturing Costs – Material, Labor, Overhead
Productivity
Inventory Accounting
Make vs Buy Analysis
15:00 Networking Break
Section 8 15:15 Earned Value Analysis
Earned Value System
Earned Value Definitions and Ratios
Establishing Earned Value
Earned Value Forecasting
16:30 Summary, Question & Answer
April 23-24, 2012 CII Innovation Center, Shanghai Tel:400-628-8980 Email:marketing@innoenterprise.com

5. China Institute for Innovation(CII)
China Institute for Innovation is a consulting and academic
organization established specifically to help Chinese companies,
multinational organizations and government agencies to meet the
needs for world-class expertise in innovation.
CII is a leading innovation education, training, research, and
networking institute in China.
CII offers a wide variety of programs to help people at all levels and
in all roles to understand and master the principles and practices
of innovation, to help their organizations succeed in the innovation-
driven economy.
CII Innovation Center
CII Innovation Center is a physical innovation and collaboration center.
It is a platform where you come to brainstorm, to share, to learn,
to collaborate, and to have fun. It is an innovation hub, and an idea
factory.
The center is designed by Langdon Morris, a senior partner of
Innovationilabs, and a co-founder of China Institute for Innovatioin.
We offer customized training programs, brainstorm sessions,
collaboration events, and innovation space renting services for our
clients. We leverage the collective intelligence to solve complex
problems for our clients.
UPCOMING EVENTS
Product Innovation
Led by Joe Zhou, March 26-27, 2012 Shanghai
R&D Project Management
Led by Ray Sheen, April 16-18, 2012 Shanghai
Business Finance for Engineering Leaders
Led by Ray Sheen, April 23-24, 2012 Shanghai
April 25-26, 2012 Beijing
Flexible Product Development
Led by Preston Smith, April 23-24, 2012 Shanghai
DOE
Led by Jim Leonard, May 21-22, 2012 Shanghai
FEMA
Led by Jim Leonard, May 24-25, 2012 Shanghai
R&D Leadership
Led by Gary Hinkle, May 30-31, 2012 Shanghai
April 23-24, 2012 CII Innovation Center, Shanghai Tel:400-628-8980 Email:marketing@innoenterprise.com