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Event Details

Cracking the 'WIP' - Driving Predictable Cost Projections Virtual Classroom - Tuesday, July 21, 2020 | 11:00 AM - 2:00 PM ET

07/21/2020

Many project managers lack a clear handle on how their projects are performing financially. Most commonly it is because they have not been trained on how to forecast properly. We find many contractors struggle with how to build a robust cost projection process that provides for consistency and predictability. Profit fade at 90% complete is no longer an option in today’s market. Teach project manager how to properly set up job budgets, track progress and forecast accurately.

Moreover, learn critical financial indicators that point to problems on projects early so they can be rectified. Attendees to include project administrators, project engineers, project managers, project executives, group/branch executives, financial managers, owners

Learning Objectives:

  • Identify how to manage work-in-process for better profitability
  • Understand the relationship between project profitability and processes (budgeting, forecasting, change control, job status reporting and WIP)
  • Apply earned value reporting to projects

Speaker: Stephane McShane

NECA’s Online Classrooms will utilize GoToTraining. The full system requirements are here. We recommend having access to a webcam and microphone to interact with other participants during the class.