Course description

ILM Diploma in Leadership and Management – Project Management & Finance, Level 5 (UK) / comparable to Level 6 (Ireland).

This Diploma course provides 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 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.

Topics covered in this 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 Cashflow Statement
Costing Techniques
Cost Behaviour and Allocation
Marginal Costing
Breakeven 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

What is Change?
The Benefits of Change
The Role of Change in the Management Process
Common Problems when Implementing Strategic Change
Mission, Vision and Value
External and Internal Analysis
Market Opportunities and Threats
Organisational Strengths and Weaknesses
Identifying and Assessing Areas for 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
Political and Government Influences
Economic Influences
Social and Technological
Social Trends
Industry and Market Analysis
Technology Trends
Legal and Regulatory Environment
Environmental Influences
Ethics
Key Drivers of Change
PESTLE Impact Assessment

Unit 6: Developing People in the Workplace

People Development and Performance Management
Performance Management Cycle
Motivation Theory
Setting Performance Indicators
Setting Standards of Performance
Principles of Objective Setting
How to set SMART Objectives
Communicating Objectives to Staff
Monitor Performance
Review Performance
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
Listening and Questioning
Values and Beliefs
Building Relationships
Building Self Esteem
Giving Non-Judgemental Feedback
Empowering
Ethics and Standards
The Coaching Process (TGROW)
Individual Coaching Plans
Preparing for Coaching
Evaluating Coaching
Self-Reflection and Supervision

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
PandL Statements
Horizontal Analysis
Trend Analysis
Vertical Analysis
Ratio Analysis

Who should complete this course?

Anyone in business who wishes to learn specialised skills in finance and project management.

Managers and supervisers who wish to learn essential project management and finance skills.

Marketing Managers who wish to aquaint themselves with essential non-core skills.

Business Project Managers, IT Project Managers and Project Leaders who wish to formalise their skills.

Entry Requirements / Prerequisites

Level 5 certificate or equivalent qualification and/or relevant life and work experiences.
Candidates must be fluent in English with excellent written English Skills in order 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 own initiative.
A basic working knowledge of computers and access to a computer with internet access is required to do the course.

Assessment

This course is assessed through a series of tutor-marked assignments.
All work submitted must be your own work. There is no exam with 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. There is also opportunities to progress to other related qualifications on the RQF or apply to University partners with which ILM have specific progression routes.

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.

Accreditation

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 comparable to an award at level 6 on the Irish National Framework of Qualifications (NFQ). The basis for this comparison is detailed in the following guide: Qualifications can cross boundaries – a guide to comparing qualifications in the UK and Ireland.
Europe: This qualification is fully recognised as the equivalent of a Level 5 on the European Qualifications Framework (EQF).