Cost Controls & Financial Reports

In this 4- ½-day instructor-led live webinar, learning is focused on Project Managers, vital members of construction companies, who must deliver their projects on-time and on-budget. In fact, the success of their companies depends on it.

 

The course is worth 2 Gold Seal Credits

Cost Controls & Finanacial Reports will help you understand:
  • Major responsibilities of project managers
  • Delivering planned profits
  • Financial terms and definitions
  • Project cash flows
  • Overhead controls
  • Financial ratios and analyses
  • Major purchase evaluations
  • Why revenue and cost accruals produce reliable financial reports
  • The real costs of lost productivity with dependable improvement strategies
  • Increased profits and improved cash flow

CCA Member $599 (+GST)  Non-Member $699 (+GST)

Date to be Determined

4 Virtual 1/2 Day Sessions

Additional Details

A clear understanding of how overheads, project costs and planned profits are integral pieces of project “success”. During this two-day, Gold Seal certified course, you will learn many ways to enhance project performance by understanding how accounting practices, cost controls and financial reports contribute to their successes.

Financial understanding is necessary to sustain and improve profits. PMs learn how they contribute to accounting processes, financial reviews and monthly reports and how and why accountants do what they do. Importance is placed on system processes to ensure consistency and reliability of financial reports. Understanding and appreciating the financial side of the business leads to projects being delivered per schedule and budget.

Cost control is critical to project performance. PMs learn the causes and remedies of low productivity, overhead expense controls, impacts of revenue and cost accruals, methods supporting equipment acquisitions, project close-out evaluations and many more methods and strategies to enhance performance.

Project managers, coordinators, field supervisors, division managers, administrators, estimators, Gold Seal candidates and anyone who can influence project profits.

This course is delivered in partnership between your local construction association and other associations throughout Western Canada. You’ll be participating in a cohort with industry peers from across these regions.

Wayne Newell. For over 35 years Wayne served in senior financial leadership roles and worked with companies in Canada, the United States and the Caribbean. His experiences and expertise, shared with many companies, has helped owners, managers, employees and businesses grow. In doing so, he has amassed a library of knowledge on what makes a successful contracting company.
In the past eighteen years he has presented his exclusive Construction Management Courses to over 3,400 construction professionals from St. John’s to Victoria. He was awarded his Certified Management Accountant (CMA now CPA) designation in 1972.

This is an interactive course, not a sit and listen event. Hands-on exercises reinforce discussions of many financial processes. The comprehensive course manual is filled with methodologies and strategies that assure improved performance.

Computer or laptop with webcam: This course will involve 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 an in-class program.

Cancellation Policy:

Payment is non-refundable for cancellations made within 5 business days of the course, or non-attendance on the day. Complimentary substitution of another member of your company is accepted. If CCA has to postpone or cancel courses due to insufficient enrolment, CCA will refund the registration fee or, if possible, the attendee may choose to move to an identical session in the future.

CANADA – ALBERTA JOB GRANT

Did you know!!  Eligible employers can get government funding to help employees access training opportunities. The Canada-Alberta Job Grant will give you up to 2/3 of the registration fee (up to $10,000/employee/fiscal year) for training. Whether taking one course or a combination of courses, the total training must be a minimum of 21 hours and be completed within 52 weeks.

OVERVIEW

HOW TO APPLY