Originally Aired - Thursday, March 16 • 10:45 AM - 11:45 AM
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Location: West Hall 219-221
Title: Financial Essentials for Non-Financial Leaders
Description:
Session Code: BP27 This course provides the financial management essentials of the construction business to non-financial managers to enable them to track and interpret the financials throughout the lifecycle of a construction project. The program explores the detailed elements for financial tracking, monitoring, communicating, and adjusting as the construction project evolves, all while carefully balancing budget and forecasting financials. The objective of this course is to provide non-financial construction managers with a solid understanding of the essential financial aspects of managing any project in order to ensure its successful conclusion. Program Outline: Upon completing this course, you will be able to:
Project Risk Assessment
Contracts, Billings and Cash Flow
Project Costing and Forecasting
Financial Statement Overview
Identify the risks that need managing for the steps of the project life cycle
Apply the recommendations for managing contract billing for positive outcomes
Integrate job cost systems to capture and project costs to align with the budget
Employ recommendations for successful change order management to maintain construction project profitability
Implement the steps of project forecasting and managing a project forecast meeting
Calculate percent complete and earned revenue
Describe the purposes and components of financial statements and implement rules that apply to each statement
State the interested parties of financial statement information
Type: CONEXPO-CON/AGG
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