Project Manager's Playbook for Construction - Part 5 of 6
Project execution and control - Progress Payments, Productivity, Units and Labor, Financial Projections (Forecasting)
Project Manager's Playbook for Construction - Part 5 of 6 free download
Project execution and control - Progress Payments, Productivity, Units and Labor, Financial Projections (Forecasting)
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.
