Traditionally, the Project Manager’s focus was to bring a project in on-time and on-budget. In today’s changing environment, the scope of the Project Manager’s job is becoming increasingly broader.

As organizations become increasingly project based, Project Managers need to be more financially savvy. Not only must projects be on-time and on-budget, but they also need to contribute to both shareholder value and the long-term financial success of the business.

Looking at projects as “ventures” will require Project Managers to better understand the company’s cash cycle and how each project fits into it.