ILM Diploma in Leadership and Management Level 5 (UK) / Level 6 (Ireland) (Project Management and Finance option)

Course description

This internationally recognised course is mapped to both the Irish National Framework of Qualifications (NFQ) as a Level 6 Award, and the UK Qualifications and Credit Framework (QCF) as a Level 5 Award.

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.

As this is a Level 6 professional qualification, learner will be expected to reference their assignment work to a high academic standard.

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

This course leads to an award recognised at Level 6 on the National Framework of Qualification in Ireland. Learners who successful 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 National Qualifications Framework 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

Following successful completion you will receive an ILM Diploma in Leadership and Management Level 5 (UK) / Level 6 (Ireland) (Project Management and Finance option)

from the Institute of Leadership and Management.

QQI / National Qualifications Authority of Ireland (NQAI) recognised this as an equivalent to a Level 6 Award in Ireland.

ILM is a recognised awarding body in Ireland. CMIT is registered with ILM to offer programmes leading to ILM awards.

Please note that there is a EUR60 fee payable for administration, moderation and certification.