Sales Inquiries: 800-453-0897
Support
Sign In
Find Your Training
Architects
Building Inspectors
Contractors
Corrugated Manufacturing
Engineers
Facilities Maintenance
Health & Safety (HSE)
Home Inspectors
Industrial Maintenance
Interior Designers
IT & Cybersecurity
Land Surveyors
Landscape Architects
LEED AP
Miners MSHA Part 46
OSHA
Plumbers
Project Management
Pulp, Paper & Tissue
Training For Your Team
Search Courses
Resources
About Us
Contact Us
Corporate Solutions
License Requirements
Newsletter
Partners
Contact Us
<< Back to Search Results
RedVector
RV-10440
The Ultimate Project Manager, Chapter 16: Project Financial Management
1 hr. Online Course
Level:
Intermediate
Item#:
RV-10440
SME:
Michael D'Alessandro
USD
$
39.95
InStock
2029-01-01
add to cart
Get More With a Subscription!
Request a Demo For Your Company
Every design firm is in the business of providing professional consulting services to its clients. To be successful and remain in this business, however, its projects must be profitable (i.e., the revenue must exceed all costs including overhead and profit expectations). In addition, clients must receive invoices in a timely manner, and your firm must receive payment for the completed work within the time specified in the contract.
A PM is assigned to each project, not only to manage the project team and to ensure that the project budget is met, but also to ensure:
The client receives invoices for the scope of services
Payments are received from the client within the contract payment period
The project achieves its “as-sold” financial results with no write-offs
In a nutshell, the PM is responsible for the project’s financial management in two primary areas: cash flow and profitability. This means the PM must be familiar with the monthly financial reporting cycles and have the ability to plan, track, and evaluate the fiscal performance of a project. He or she must understand how the project’s total gross revenue relates to the project direct labor and project expenses, including consultants. Plus, the PM must also understand how the planned and actual project performance contributes to the overall profitability of the firm. In this course we will look at all these responsibilities and concepts in detail.
Objectives
SME
Course Applies to
Course Objectives
At the conclusion of this course, you will be able to:
Describe the PMs financial responsibilities to a project.
Identify the components of the billing process.
Identify the key financial performance ratios.
Differentiate between accrual and cash accounting.
Recognize the different fee adjustments that can occur within a project.
Explain why profit is a necessity and the steps that can be made to generate profit.
SUBJECT MATTER EXPERT: Michael D'Alessandro
Mr. D'Alessandro has been involved with the A/E Design and Construction Industry for more than 20 years. Prior to joining PSMJ Resources, Inc., he was with Parsons Infrastructure and Technology Group as a Principal Project Manager. His responsibilities included project management, proposal preparation, department management, and human resources management.
His extensive project management experience includes engineering, procurement, ranging in capital value from $1 million to $55 million. He has also been responsible for management of fast-track multi-discipline projects involving equity placement for both domestic and international facilities.
During his tenure as a Project/Client Manager, he successfully completed capital projects in 18 different countries. He has worked with some of the largest global companies by consistently demonstrating the ability to accomplish project budget and schedule objectives with a high degree of client satisfaction.
As a consultant, he has provided project management training since 1990 and has been involved in strategic planning for design/build initiatives and work process improvements for small project environments. He has also served as a Quality Council member, leading efforts to measure client satisfaction and improve design productivity.
Michael has a Bachelor of Science degree in Civil Engineering and a Masters Degree in Environmental Engineering. He is also certified by the Project Management Institute as a Project Management Professional (PMP) and is a member of the American Society of Civil Engineers. Michael is also a registered professional engineer in a number of states and is a Diplomate of the American Academy of Environmental Engineers.
State Licenses
Alaska
AK - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
AK - Engineer (General - ,)
Alabama
AL - Engineer (General - ,)
AL - Landscape Architect (General - Approved LA CES-2026)
Arkansas
AR - Engineer (General - ,)
District Of Columbia
DC - Engineer (General - CE21800018)
Delaware
DE - Engineer (Business Practice (maximum of 9 hours) - ,)
Florida
FL - Contractor, Certified (Business Practice - 0610744)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Palm Beach County (Business Practice - 0610744)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Pinellas County (Business Practice - 0610744)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Registered (Business Practice - 0610744)
Accreditation: FL DBPR Approved Provider 0001771
Georgia
GA - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
GA - Contractor, Residential and General (General)
GA - Engineer (General - ,)
GA - Landscape Architect (General - Approved LA CES-2026)
Iowa
IA - Engineer (General - ,)
Idaho
ID - Engineer (General - ,)
Illinois
IL - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
IL - Engineer, Professional (General - ,)
IL - Engineer, Structural (General - ,)
IL - Landscape Architect (General - Approved LA CES-2026)
Indiana
IN - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
IN - Engineer (General - Board Approved - CE21800018)
IN - Landscape Architect (General - Approved LA CES-2026)
Kansas
KS - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
KS - Engineer (Health, Safety & Welfare - ,)
KS - Landscape Architect (General - Approved LA CES-2026)
Kentucky
KY - Engineer (General - ,)
Louisiana
LA - Engineer (General - ,)
LA - Landscape Architect (General - Approved LA CES-2026)
Maryland
MD - Engineer (General - ,)
MD - Landscape Architect (General - Approved LA CES-2026)
Maine
ME - Engineer (General - ,)
Michigan
MI - Engineer (General - ,)
MI - Landscape Architect (General - Approved LA CES-2026)
Minnesota
MN - Engineer (General - ,)
Missouri
MO - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
MO - Engineer (General - ,)
MO - Landscape Architect (General - Approved LA CES-2026)
Mississippi
MS - Engineer (General - ,)
Montana
MT - Engineer (General - ,)
North Carolina
NC - Engineer (General - ,)
North Dakota
ND - Engineer (Health, Safety & Welfare - ,)
Nebraska
NE - Landscape Architect (General - Approved LA CES-2026)
New Hampshire
NH - Engineer (General - ,)
New Jersey
NJ - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
NJ - Engineer (General - 24GP000006300)
New Mexico
NM - Engineer (General - ,)
NM - Landscape Architect (General - Approved LA CES-2026)
Nevada
NV - Engineer (General - ,)
New York
NY - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
NY - Engineer (General)
Accreditation: Vector Solutions is authorized by IACET to offer 0.1 CEU for this program.
NY - Land Surveyor (General)
Accreditation: Vector Solutions is authorized by IACET to offer 0.1 CEUs for this program.
NY - Landscape Architect (General - Approved LA CES-2026)
Ohio
OH - Engineer (General - ,)
OH - Landscape Architect (General - Approved LA CES-2026)
Oklahoma
OK - Engineer (General - ,)
Oregon
OR - Engineer (General - ,)
OR - Landscape Architect (General - Approved LA CES-2026)
Pennsylvania
PA - Code Official,Certified (UCC) (General)
PA - Landscape Architect (General - Approved LA CES-2026)
Puerto Rico
PR - Engineer (General - ,)
South Carolina
SC - Engineer (General - ,)
South Dakota
SD - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
SD - Engineer (General - ,)
SD - Landscape Architect (General - Approved LA CES-2026)
Tennessee
TN - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
TN - Engineer (Health, Safety & Welfare - ,)
TN - Landscape Architect (General - Approved LA CES-2026)
Texas
TX - Engineer (General - ,)
Utah
UT - Engineer (General - ,)
Virginia
VA - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
VA - Engineer (General - ,)
VA - Landscape Architect (General - Approved LA CES-2026)
Vermont
VT - Engineer (General - ,)
Washington
WA - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
WA - Landscape Architect (General - Approved LA CES-2026)
Wisconsin
WI - Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
WI - Engineer (General - ,)
West Virginia
WV - Engineer (General - ,)
WV - Landscape Architect (General (max 6 hrs online) - Approved LA CES-2026)
Wyoming
WY - Engineer (General - ,)
Professional Organizations
American Academy of Environmental Engineers - AAEES - Member (General - ,)
American Hospital Association - AHA - Certified Healthcare Constructor (CHC) (General)
American Hospital Association - AHA - Certified Healthcare Facility Manager (CHFM) (General)
American Institute of Architects - AIA - Architects (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
American Institute of Constructors - AIC - Professional Constructor (General)
American Society of Landscape Architects (LA CES) - ASLA - Member (General - Approved LA CES-2026)
American Society of Professional Estimators - ASPE - Certified Professional Estimator (CPE)/Associate Estimator Professional (AEP) (General)
Association for Facilities Engineering - AFE - Certification (General)
Association of State Floodplain Managers - ASFPM - Certified Floodplain Manager (Core)
BOMI International - RPA, FMA and/or SMA (General)
Building Operator Certification - BOC - Certification (General)
Canada - Alberta Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
Canada - Alberta Engineer (General - ,)
Canada - British Columbia Architect (AIBC) (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
Canada - British Columbia Engineer (General - ,)
Canada - Manitoba Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
Canada - Manitoba Engineer (General - ,)
Canada - New Brunswick Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
Canada - New Brunswick Engineer (General - ,)
Canada - Newfoundland and Labrador Engineer (General - ,)
Canada - Northwest Territories and Nunavut Engineer (General - ,)
Canada - Northwest Territory Architect / Restricted Practitioner (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Engineer (General - ,)
Canada - Ontario Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
Canada - Ontario Engineer (General - ,)
Canada - Prince Edward Island Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
Canada - Prince Edward Island Engineer (General - ,)
Canada - Quebec Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
Canada - Quebec Engineer (General - ,)
Canada - Saskatchewan Architect (General - RV1270-2028)
Accreditation: AIA Registered Provider J315
Canada - Saskatchewan Engineer (General - ,)
Canada - Yukon Engineer (General - ,)
Construction Management Association of America - CMAA - (CCM, CACM) (General)
Design-Build Institute of America - DBIA - Design-Build Professional (General)
Federal Building Personnel Training Act (FBPTA) (General)
International Facility Management Association - IFMA - Certified Facility Manager (CFM) (General)
International Society of Automation - ISA - Certifications (General)
National Institute for Certification in Engineering Technologies - NICET (General - ,)
Ontario Association of Certified Engineering Technicians and Technologists - OACETT - Certified Member (Management/Leadership Training)
Project Management Institute (PMI) - Certified Associate in Project Management (CAPM) (Ways of Working - 1510GFVBY5)
Project Management Institute (PMI) - Program Management Professional (PgMP) (Ways of Working - 1510GFVBY5)
Project Management Institute (PMI) - Project Management Professional (PMP) (Ways of Working - 1510GFVBY5)
Society for Maintenance and Reliability Professionals - SMRP (General)
Soil Science Society of America - SSSA - Certified Professional Soil Scientist (CPSS) (General)