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DTSTART;TZID=UTC:20220518T130000
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SUMMARY:Managing Construction Job Costs
DESCRIPTION:THIS COURSE IS HOSTED BY THE CONSTRUCTION INSTITUTE OF CANADA \nto enroll or for further information go to this link: \nhttps://www.tcic.ca/pub/course_construction_job_cost_control.html \nThis is a professional development course for managers in all branches of the construction industry.  It does earn education credit for Gold Seal certification.  It is NOT part of the competency requirements for licensing through the Home Construction Regulatory Authority (HCRA). \nThis course explores the demands of cost control on construction projects\, what causes errors and uncertainty and ways to gain control. Systems are outlined for tracking actual spending against budget\, even while projects are underway. We look at how to use information to win a better result on current projects and improve financial planning for future projects. \nThe key to managing job costs is accurate timely information that can match spending to budgeted amounts. Trying to figure out what happened after the fact is no way to improve. These systems are not standard features of accounting programs. You may need to develop them for yourself. This course is intended to help you implement cost control systems and make them work for you. \nTopics Covered: \n\nWhere inaccuracies arise\, what makes cost tracking difficult\nRelating your job profitability objective to company performance\nDeriving useful lessons\, even from missed objectives\nUnderstanding the limitations of conventional accounting\nUnderstanding the limits of construction software. How to make it work for you.\nMethods for monitoring costs in real time\nMatching actual to budgeted job costs\nMatching spending status to job status\nTaking advantage of Purchase Orders\nSome cautions about Cost Plus / Time & Material work\nNon-financial causes of cost overruns and how to prepare\n\nLearning Outcomes: \n\nKnow how to zero in on where cost overruns occur\nMonitor costs and budget status closer to real time and\nAssess spending versus budget for specific phases of project\nConnect more effectively with the whole management team\nUnderstand how to continuously learn from each job and improve for the next\nSo that your control of job costs continues to get better over time
URL:https://mmiproservices.com/course/managing-construction-job-costs/
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