In this session, the instructor will help attendees understand the job cost control and labor cost trending methods as detailed in the Job Cost Control section of the MCAA Project Manager's Manual. This "Basic" session is geared to new or potential project managers and foremen with little or no experience in job cost control systems and procedures and a great refresher to the more experienced project managers.
What is job cost control, and what is the most critical function of the job cost control system?
Great Job cost control is required to have excellent project documentation.
What are the four primary objectives of job cost control?
What is sandbagging and fading, and how do they occur?
What are the basics of cost forecasting "philosophy" regarding showing gains and losses earlier or later? Why is this important to understand and practice?
How can labor costs be accurately forecasted?
Review basic Labor cost control concepts
Project Billings and Maintaining Positive Cash Flow
10:00 am - 11:30 am
This session focuses on how the project manager and project foreman, with a great partnership of planning, creativity, excellent project execution, and positive customer relationships, can regularly create positive project cash flow on most projects.
What is positive cash flow?
What are the primary causes of cash flow problems?
Why are GC's and CM's less concerned with cash flow than mechanical contractors?
How do a Project Manager and Project Foreman manage cash flow?
Developing a schedule of values
What is front-end loading, and why is it necessary?
What are the keys to achieving and maintaining a positive cash flow position?
Q&A with John Koontz
Each attendee is required to have their own computer with a dedicated microphone and camera.
ZOOM information will be included with your confirmation email.