With high-impact training

The Project Manager is completely responsible for cost control, contracts, changes and risk management.  That's a tall order.  Get the training you need for the position and set your project up for success.  

Part 5 of 6 focuses on the financial health of the project.  This course begins by covering the process to quickly review and approve pay applications.  Key payment terms are discussed and the importance of cash flow is a major consideration.  To monitor progress in the field and make adjustments, it's important to have a solid process for tracking units, labor and ultimately productivity.  We'll dive into the process to evaluate crew output and compare that to planned productivity.  We'll wrap up the course by learning how to forecast costs on the project and perform a financial projection.  Ultimately, the ability for a PM to forecast and realize margin on the project is critical to the success of the job.

Check out the course overview

The path to becoming a successful Project Manager takes dedication and time, but if you have the right tools in your toolbox, you'll be well on your way.

Curriculum

  • 1

    Introduction to the Project Manager's Playbook

  • 2

    Progress Payments

  • 3

    Productivity, Labor and Units

    • Introduction to Productivity, Labor and Units

    • Productivity Example

    • The Labor Report

    • Affects on Productivity - Actual vs. Planned

    • Conclusion and Key Takeaways
  • 4

    Financial Projections (Cost Forecasting)

    • Introduction to Financial Projections

    • Budget Tracking - Design, Precon, Home Office Supervision, General Conditions

    • Budget Tracking - Cost of Work Example, Contingency, Fee, Incentives

    • Cost Forecasting - Financial Projections

    • Conclusion and Key Takeaways
  • 5

    Next Lessons in the Course Series

    • Next Lessons in the Course Series

About Your Instructor

Senior Instructor

Matt Morris

Matt Morris is a registered professional engineer and has extensive experience in many aspects of the engineering and construction industry. He holds a BS and MS in Civil Engineering from the University of Colorado, Boulder. In his roles as a civil engineering officer in the U.S. Air Force and a project manager for a major commercial general contractor, Matt has led over 160 projects totaling nearly $1 Billion. As a professor at the United States Military Academy at West Point, the University of Colorado Boulder and Colorado School of Mines, Matt has taught over 2,000 students through 16 different university courses plus thousands more students online.  Matt’s experience spans across many markets, including federal government, public works, healthcare, higher education, hospitality, manufacturing, laboratory, pharmaceutical, corporate, heavy civil and water conveyance. Additionally, Matt’s varied roles have enabled him to manage every phase of a project as an owner, contractor and designer.  Matt is currently a Senior Instructor in the Department of Civil, Environmental and Architectural Engineering at the University of Colorado, Boulder.

Skills

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  • Contracts

  • Risk Management

  • Cost Control

  • Change Management

Pricing

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