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Public Financial Management (PFM)

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Working with Suppliers to Deliver Public Sector Projects and Services (3 days)

Course Details

Code:3985
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Introduction

We are managing our face to face Public Financial Management course schedule carefully right now. If the training course you want is not available, we may be offering a virtual alternative! View our Virtual Classroom schedule to see what is being delivered live in our online classrooms.

If you don’t see the Public Financial Management training topic, you are looking for, or if you would like an online classroom in another timezone, please tell us.

You can learn more about our virtual, online courses and how they work on our Virtual course FAQ page.

This three day interactive workshop is designed to give you the practical skills to carry out the necessary tasks through the stages of a typical procurement cycle. The study will begin at identifying the need to spend some money and work through to managing a contract with a supplier, and will cover everything between. Instruction is based on United Kingdom good practice including HM Treasury’s Green book for producing business cases. You will consider EU procurement principles (including transparency and value for money); learn how to produce a good specification for service delivery; consider how to evaluate suppliers, the market place and tenders, and understand how to extract benefits from the contract with the supplier. The workshop allows you the opportunity to try out techniques in a safe environment so that you can adapt and use them for the specific circumstances in your own organisation.

At the end of this workshop you will:

  • have been exposed to a realistic scenario used to illustrate all aspects of good procurement and contract management;
  • know what is required to produce a business case to justify an investment or expenditure on a private sector supplier which is in line with the UK 5 case mode;
  • be equipped to manage supplier relationships, supplier performance and know how to manage a contract for continuous improvement;
  • understand that the type and extent of activities in each of these areas will vary depending on the size of the expenditure, how risky and complex it is, and its importance to the organisation;
  • have been exposed to typical failures in each of these areas and know how to help your colleagues avoid these situations.

Please note that this course is part of a more comprehensive public financial management programme which lasts 9 days. Click the links for more details.

Learning Objectives

  • To know how to provide a robust justification for spending money on a private sector supplier
  • To be able to give yourself the best chance of delivering the benefits identified in a procurement process while delivering the service to time, budget and quality standards
  • To understand that in many instances, working in partnership with suppliers (rather than against them), is good for you, the service user, the tax payer and the supplier
  • To protect you from legal challenges and many other risks when dealing with the private sector

Who Should Attend

The course is aimed at middle ranking finance professionals or service heads in the public sector or those with responsibility for public procurements or those in charge of public sector budgets. You are likely to:

  • Have some contribution to or responsibility for ensuring services are well run
  • Have a desire to be able to demonstrate that the private sector can help you deliver your organisation’s aims and objectives at an appropriate cost
  • Have some contribution to or responsibility for completing, reviewing or providing expert input into a public sector business case

Topics

  • Day 1 – Good procurement
    • Typical procurement cycle and benefits of good procurement
    • EU principles
    • Effective writing of different types of specification
    • Understanding the market place and the supply base
    • Effective evaluation of tenders
    • What to do immediately before you sign the contract
  • Day 2 – Business cases
    • Business cases – why, what, when and how
    • The UK HM Treasury 5 case model (strategic, economic, commercial, financial and management cases)
    • Economic case – VFM and options appraisal
    • Financial case – affordability
    • What goes wrong in business cases
  • Day 3 – Effective contract management
    • Basics of contract management
    • Contract governance and administration
    • Managing supplier performance
    • Managing supplier relationships
    • Managing risks in contracts

Teaching Method

  • Group instruction, discussion and illustrative examples
  • Practical workshop exercises using realistic scenarios, case studies, examples of best practice and the models you can use back in the workplace
  • All participants will receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials

Instructors

The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.

Venue

Our seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.

CPE/CPD Accreditation

IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

 

Field of study: Accounting

Prerequisites

Attendees should have a background in finance, a basic understanding of public sector financial concepts, or have attended the IASeminars “Basics of Public Sector Finance” module.