Financial Management Essentials for Non-Financial Managers and Construction Project Leaders

This course provides the financial management essentials of the construction business to project leaders and non-financial managers to enable them to track and interpret the financials throughout the life cycle of a construction project. The content covers detailed elements for financial tracking, monitoring, communicating and adjusting as the construction project evolves 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.

Learning Objectives
After completing this course, you will be able to:

• Understand 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
• Identify the interested parties of financial statement information

Who should take this course?
This course is designed for new Construction Finance Managers, Construction Project Managers, Project Accountants and leaders of construction firms who are non-financial managers.