Achieving project success relies on the collective strength of the entire team, including accountants. Beyond traditional number crunching, effective project management demands strong communication, cooperation, strategic management, accurate costing, and precise forecasting. This specialized course is tailored for project management professionals seeking to deepen their financial expertise, bridging the gap between construction processes and accounting principles.
Led by Wayne Newell, a seasoned expert with over 35 years of experience in finance and construction, this course equips participants with essential tools to proactively identify and resolve project challenges. Participants will learn to minimize unnecessary expenses, enhance productivity, optimize overhead management, and address labour shortages effectively. Wayne's guidance ensures that participants not only navigate the complexities of construction projects but also exceed expectations at every stage.
Prepare for an engaging and interactive learning experience designed to foster active participation and shared insights, moving beyond traditional lecture formats. This course encourage active participation, shared learning and real-world application, equipping you with the skills to navigate even the most complex projects with confidence and success.
What You Will Learn:
- Project Management Essentials: Understand the key responsibilities of the Project Manager and the entire project team.
- Construction Industry Challenges: Navigate the unique risks, challenges, and contract types specific to the construction sector.
- Financial Wisdom: Master revenue and cost accruals and their impact on financial reporting.
- Cash Flow and Assets: Forecast cash flows, develop receivables strategies, and evaluate fixed asset acquisitions.
- GAAP Fundamentals: Gain a solid foundation in Generally Accepted Accounting Principles and essential financial terminology.
- Labour Costs and Productivity: Understand the critical role of labour in project costs, identify causes of productivity dips, and explore strategies to address the skilled labour shortage.
- Recruiting Strategies: Learn effective recruitment approaches to attract young talent, immigrants, and women into the workforce.
- Overhead and Risk Management: Explore overhead control, access training grants, and manage labour and project-related risks effectively.
- Project Close-Out Mastery: Streamline project close-out processes, evaluate costs, and prepare accurate cost forecasts.
This comprehensive program equips you with the tools and insights to drive efficiency, profitability, and long-term success.
Who Should Attend:
This course is perfect for professionals eager to:
- Master financial management and cost control strategies
- Shape and execute growth initiatives with confidence profitability
Ideal participants include:
- Project Managers looking to improve project profitability
- Coordinators and Estimators ready to refine their financial skills
- Department Heads and Field Superintendents aiming to enhance operational efficiency
- Gold Seal Candidates seeking a competitive edge
- Senior Managers and Owners focused on strategic growth and financial leadership
Course Format:
- Virtual instructor-led training (live and online).
- This course is facilitated by the instructor via Zoom. Access information from the instructor will be provided to you in advance of the training.
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:
- June 3, 2025 - 8:30 AM - 12:30 PM
- June 4, 2025 - 8:30 AM - 12:30 PM
- June 5, 2025 - 8:30 AM - 12:30 PM
Attendance in all sessions is mandatory for course completion.
Next Scheduled Date: Nov 18-20, 2025
Course Credits:
- 4 - CCA Gold Seal Credits
- 12 - BC Housing CPD Points
.jpg)
.png)
This course is delivered in partnership with local construction associations. You will be participating with industry peers from multiple regions.
