A Project Manager’s Guide

Project Managers have a major role in delivering projects on-time and on-budget. In fact, the success of their companies depends on it.

PM’s may stumble without a clear understanding of how overheads, project costs and planned profits are integral pieces of project “success”. During this two-day course, they will learn many ways to enhance their project’s performance by understanding how accounting practices, cost controls and financial reports contribute to their success. With a clear understanding and appreciation of the financial side of the business, projects will be delivered on-time and on-budget.

Financial understanding is necessary to sustain and improve profits. PMs learn how and why accountants do what they do and how they contribute to accounting processes, financial reviews and reports. Importance is placed on the processes to ensure the monthly financial reports are consistent and reliable.

Cost control is critical to project execution. PMs learn proven strategies to control costs by focusing on causes and remedies for the most controllable cost on a construction site – labour. Participants also learn 10 key profit requirements, learn how to control overhead expenses and study the accounting systems used to ensure revenues and costs are recognized according to the job’s progress.

They will use their comprehensive course manual during the course and on their projects – it is filled with the methods and strategies needed to improve operations, cash flow and profits. They will learn to take the uncertainly out of decision making and deliver better bottom-line results. This is not a sit and listen event. This is an interactive course with hands-on exercises that walk PMs through steps of the financial process.

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  • Upcoming Courses

    All courses are 1/2 day on-line training – Zoom platform

    Local Construction Associations:

    EAST:
    All courses are scheduled for 4 hours with start times 12:30 PM Eastern time.

    Profitable Contracting
    Wed & Thurs October 5 and 6.

    Finance and Accounting for Non-Financial Mgrs.
    Tues, Wed & Thurs Oct. 25, 26 & 27th

    Strategic Planning for Growth
    Tues & Wed. November 22 & 23rd +++++++++++++++++++++++++++++++++

    EAST & WEST COLLABORATION
    Project Manager’s Guide to Accounting Practices, Cost Controls & Financial Reports

    Scheduled for 4 hours starting 12:30 PM EASTERN time.
    Tues, Wed & Thurs, Nov. 15, 16 & 17th

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    WEST:
    All courses are scheduled for 4 hours with start times 8:30 AM Pacific time.

    Profitable Contracting
    Wed & Thurs September 21 & 22nd

    Finance and Accounting for Non-Financial Managers
    Wed, Thurs, & Fri Oct. 12, 13 & 14th

    Strategic Planning for Growth
    Thurs & Fri. Nov. 24 & 25th

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    Mechanical Contractors Association of Canada

    EAST:
    All courses are scheduled for 4 hours with start times 12:30 PM Eastern time.

    Profitable Contracting
    Tues & Wed September 27 & 28th, 2022

    Finance and Accounting for Non-Financial Managers:
    Tues, Wed & Thurs Oct. 18, 19 & 20th

    Strategic Planning for Growth
    Tues & Wed. December 6 & 7th, 2022

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    WEST:
    All courses are scheduled for 4 hours or less with start times 8:30 AM Pacific time.

    Profitable Contracting
    Thus & Fri Sept. 29 & 30th

    Finance and Accounting for Non-Financial Mgrs.
    Wed, Thurs, & Fri Nov. 15, 16 & 17th

    Strategic Planning for Growth
    Thurs & Fri. Dec. 8th & 9th, 2022

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    NLCA will be hosting the following courses exclusively for NLCA members:
    1/2 day on-line training – Zoom platform

    Profitable Contracting
    October 3 & 4
    9:00 am to 12:30 pm NL time

    Finance and Accounting for Non-Financial Managers 
    November 28, 29 & 30
    9:00 am to 1:00 pm NL time

    Strategic Planning for Growth
    December 12 & 13
    9:00 am to 12:30 pm NL time

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