Originally Aired - Thursday, March 16 • 9:30 AM - 10:15 AM
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Location: West Hall 226
Title: Benchmarking - How Does Your Company Compare?
Description:
Session Code: BP19
Did you know that your role as a construction financial professional should include benchmarking? This is a vital strategy to understanding how your company compares with the industry and its peers. This session will explain the key ratios that you should follow to ensure that your company remains profitable, as well as identify possible financial danger signs. Any discussion about a construction company's drive to profitability must include CFMA's Financial Benchmarker, an online resource that provides you with the opportunity to benchmark your company against the industry. In addition to offering nearly 200 data points, including the key ratios that are important to construction financial managers, the Financial Benchmarker includes data on 103 industry segments, including three key major contractor categories, Best in Class data and information on 22 types of contractors. CFMA's Financial Benchmarker can allow you to develop strategies to become ''Best in Class.'' This session will also provide a sneak peek at the 2021 Financial Benchmarker results, as well as a review of the highlights of CFMA's Management Strategies survey.
Learning Objectives:
Demonstrate the vital importance of benchmarking
Identify the key ratios of financial performance
Develop a plan to use CFMA's Financial Benchmarker in your SWOT analysis
Summarize the 2021 Financial Benchmarker results
Recognize the primary points of CFMA's Management Strategies survey
Type: CONEXPO-CON/AGG
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