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Maximize Margins in Construction by Managing Labor Costs in Real Time

$55.00
Member price: $45.00

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If you are interested in purchasing any product on someone's behalf or you need to place a bulk order, please contact Mike Elek at (609) 945-2412 or at melek@cfma.org. 

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Labor cost management is one of the largest challenges construction companies are faced with. Project overages negatively impact profits and competitiveness, making this issue a key area for most companies to focus on improving. To combat this issue, tracking labor costs in real-time can help identify labor overages early on so action can be taken to minimize further impact.

This course will help you understand how impactful labor cost management is on company performance and provide steps to start tracking labor in real time.

After this course, you will be able to:

  • Recognize the impact of labor overages on company and project performance.
  • Express the importance of real-time tracking of field labor.
  • Discuss the impact that delayed labor cost visibility has on internal and external stakeholders.
  • Outline how adjustments to labor cost tracking can be implemented within your organization.

Level & Prerequisites
This program is a Basic level online self-study course that was developed for professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.

CPE Information
Earn .5 CPE credits in the field of Accounting upon successfully completing this course and achieving at least 70% on the final exam.

CCIFP Information
Earn .5 CCIFP Professional Development credits which can be applied toward the General or Construction Knowledge requirement.

CPE Note
Please note: this on-demand course was reformatted from a session from CFMA’s 2024 Annual Conference. Learners are only authorized to claim CPEs for this course once.

Course Length

The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.

Who Should Take This Course?

  • Business Owners
  • CFOs
  • Construction Financial Professionals
  • Contractors
  • Controllers
  • CPAs
  • Professional Advisors
  • Risk Managers
  • Subcontractors

Contributing Developer

CFMA Colleague Discount

If you are a CFMA member and would like to enroll someone at your company in this course who is not a CFMA member, please contact CFMA at education@cfma.org for more information.

CFMA Group Discount

If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.