Project Manager's Playbook for Construction - Part 5 of 6

Project execution and control - Progress Payments, Productivity, Units and Labor, Financial Projections (Forecasting)

What you'll learn:
This course teaches critical skills necessary for any project manager in construction. The lessons of this course represent the "playbook" for a PM to succeed. This course will focus on the key responsibilities for someone in a project manager role - contracts, cost control, change management and risk management.

Requirements:
There are no prerequisites for this course.

Description:
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.

Who this course is for:
Primary Audience Industry Sectors - Heavy Civil, Commercial Building Construction, Industrial, Residential.
Primary Audience Project Players - Owners (and Owner's Representatives), General Contractors, Subcontractors, Suppliers
Primary Audience Project Roles - Project Managers, Project Engineers (aspiring PMs), Project Controls, Superintendents
Secondary Audience - Design Engineers, Architects, Preconstruction, Estimators, Schedulers, Design-Phase Managers

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