REGISTRATION IS CLOSED. TO INQUIRE ABOUT ATTENDING, PLEASE EMAIL DHYPKE@MANGEMENTSERVICES.ORG

Join us for a 4-hour education session that will cover the financial management essentials of the construction business for project leaders and non-financial managers.

Facilitated by Chicago chapter members Tammy Kilty, CCIFP and Mary Davolt, CCIFP, attendees will learn how to track and interpret financials throughout a construction project’s life cycle. Program content will cover detailed elements for financial tracking, cash flow reporting, monitoring, communicating, and adjusting as the construction project evolves while also carefully balancing budget and forecasting financials. Attendees will be provided with a solid understanding of the essential financial aspects of managing any project to ensure its successful conclusion.

After completing this session, attendees will be able to:

• Understand the risks that need to be managed for the steps of the project life cycle
• Apply the recommendations for managing contract billing for positive outcomes
• Integrate job cost systems to capture and project costs to align with the budget
• Employ recommendations for successful change order management to maintain construction project profitability
• Implement the steps of project forecasting and managing a project forecast meeting
• Calculate percent complete and earned revenue
• Describe the purposes and components of financial statements and implement rules that apply to each statement
• Identify the interested parties of financial statement information

Speakers:

Tammy Kilty, CCIFP
Mary Davolt, CCIFP

Level & Prerequisites
This is a group-live program at the Basic Level. No prerequisites or advanced preparation required. A basic understanding of the construction project process and/or construction financial management is recommended.