Project Financials That Every Project Manager Needs to Know

In-Person

Cost: $195
Register for Pre-Convention Workshops through the registration link for the convention. NECA Convention registration is NOT required to attend Pre-Convention Workshops.

Project financials are a weakness in many organizations, yet our success with our banking and bonding partners relies heavily on this data. Many are left uncertain when it comes to knowing the outcome of projects while they are occurring and experience significant fade or gain at the end of the job that was not predicted. Financial acumen can be the line in the sand between staff being project managers versus project witnesses. The solution to this is defined standard practices to set your team up to win. In this session, we will discuss the importance of managing cash flow and how to produce accurate project forecasts, best practices for producing a schedule of values, billing and collections standards to focus on getting the cash in the door timely, steps required to produce an accurate project forecast and the tremendous affect labor productivity tracking has on the quality of project financial projections..

Project Financial Controls Processes to Drive Project Transparency

In-Person

The majority of construction firm revenue flows through the project operations team. This session will help project managers learn basic financial information to connect performance to the business. Learn about earned value management, the early warning signs for underperforming projects and proactive project management.

Field Labor Productivity: Your Key to an Early Warning System

In-Person

Preserving and increasing profit can come down to your team’s ability to measure labor performance during the course of a project. This session will discuss the project setup and financial controls necessary to create real-time data for the project team. Learn the required reporting for a proactive project, how to use the data and apply principles to engage the project team.

Retaining Talent

In-Person

In this time of critical workforce shortages, it is imperative that we develop the skills necessary to attract and keep the best candidates. This session will provide tools to not only attract the best candidates in a workforce shortage, but how to keep them until retirement. Learn how to outline effective onboarding and training methodologies to create continuous employee improvement, career path mapping with defined skills for each position and how to increase buy in through engagement strategies.