Learn how to increase cash flow and improve profit$!
In our highly competitive construction industry, managers and owners, regardless of the size of their companies, need to be well-qualified generalists able to juggle multiple tasks. The successes of their company will be attributed to operations and financial management. While operations management holds immense influence in how companies can improve performance and their profitability, good financial management can help improve performance by providing the necessary funds and reports for operations, growth, cost controls and profit improvements.
This course discusses effective cost controls, labour productivity and recognition of high overhead costs, profits, cash flow headaches and timely reports.
Cash is the engine that drives all companies whereas financial reporting is the critical element in measuring success. This course offers construction management professionals an extensive understanding of construction and financial management by bridging the gap between construction processes and accounting reports.
Learning Outcomes:
- 10 basic requirements to earn and sustain profits
- Best methods to increase profits and cash flow
- Construction industry risks, common problems, bid errors
- Skilled labour shortages – the causes and long-term solutions
- Identifying costs and solutions of lost productivity
- Proven, effective employee practices to increase productivity.
- PMs role, ultimate goals, project evaluations
- Forecasting revenue to ensure profit goals are achieved
- Safeguarding company assets
- Forecasting company and project cash flows
- Controlling and/or reducing overhead costs
- Benefiting from financial reports to deliver better results
- Creating measurable goals with consistent performance reports
- Creating a strong financial awareness in all personnel who attend
WHO SHOULD ATTEND
- Project Managers, Project Coordinators, Estimators
- HR Staff, Warehouse Managers, Department Heads
- Gold Seal Candidates, Senior Managers, Owners
- Controllers, Accountants, Administrators
- All individuals who can drive project and company profitability
Course Format:
- Live, Online, Instructor-led training
- ZOOM invite link and course materials will be provided to you in advance of the course
Course Requirements (Technology & Participation):
This course requires full face-to-face interaction and participation from both the instructor and students. In order to attend, you’ll must make sure you have the following:
- Computer or laptop with webcam (webcams are mandatory): This course will involve 100% on-screen interaction with your instructor and classmates, reading/viewing on-screen content like slides or videos, and interacting via typing with questions or responses. For this reason, you must have a webcam and use a full computer/laptop, and we do not permit students to attend using a tablet or cell phone.
- A quiet space with minimal distractions: Please plan to be fully engaged in the class, and clear your work schedule just as you would for attendance in an in-class program.
Course Dates:
- May 22, 2024 - 8:30am-12:30pm
- May 23, 2024 - 8:30am-12:30pm
Attendance in both sessions is mandatory for course completion.
BONUS: A comprehensive course manual filled with the methods and strategies you need for your business to serve you as a reference guide.
Next Scheduled Date: TBA
Course Credits:
- 2 - CCA Gold Seal Credits
- 8 - BC Housing CPD points
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This course is delivered in partnership with local construction associations. You will be participating with industry peers from multiple regions.
