Financial Management Essentials for Construction Project Leaders - On-Demand CPE

Explore the financial management essentials that are of most interest to construction project leaders and team members! This course covers detailed elements for financial tracking, monitoring, communicating, and adjusting as the construction project evolves while also carefully balancing the budget and forecasting the financials. These concepts will enable these professionals to track and interpret the financials throughout the life cycle of a construction project. The purpose of this course is to provide nonfinancial construction professionals with a solid understanding of essential aspects of the finances related to construction projects to ensure successful conclusion and support effective collaboration between departments.

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

This online self-study course was developed for professionals with 0-3 years of experience working in or in service to the construction industry. No prerequisites or advanced preparation is required for this Basic Level program.

2 CPE credits

Earn 2.0 CCIFP Professional Development Credits toward the General or Construction Requirement.

The estimated time to complete the course is approximately 120 minutes, depending on the pace of the learner.