This new course is a mirror-image of the Finance and Accounting for Non-Financial Managers’ course in that it educates accountants and admin personnels on the role of the PMs and their responsibilities. The participants will learn the integral parts of the PMs tasks and, in so doing, each will be able to improve their respective roles in project management and accounting.
Participants in this one-day, classroom course will learn and appreciate many ways project results can be enhanced by understanding how accounting practices, cost controls and financial reports contribute to project success. Not only will the construction projects’ performance improve when accountants and PMs work more closely together, each course participant will most assuredly gain a much better understanding of construction project management. A win-win situation for all involved!
Learning outcomes:
- Roles and responsibilities of project managers.
- Understanding the Multiplex business model.
- Controlling results with Key Performance Indicators (KPIs).
- Project and company cash flows.
- Net present values.
- Types of contracts.
- Schedules of value.
- The Job Cost Report.
- Cost forecasting through to completion.
- Two main causes and solutions to poor productivity.
- Skilled labour shortage with solutions on recruiting and retention.
- Benefits of using gross profit factors to control overhead expenses.
- How bonding and insurance programs reduce risk.
- Project evaluations.
- Close-outs.
Who Should Attend: Any accounting and admin personnel who wish to learn the methodologies, strategies, and challenges of many construction project management processes.
For over 35 years Wayne served in senior financial leadership roles and worked with companies throughout 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.