RedVector RV-4726

Financial Management 6 & 7: Financial Controls, Monitoring & Project Budgeting

Financial Management 6 & 7: Financial Controls, Monitoring & Project Budgeting

1 hr. Online Course

Level: Fundamental

Item#: RV-4726

SME: Frank Stasiowski

This course has been discontinued.

 
 

Cash flow is the life blood of your firm and lack of cash is the primary cause in 92 percent of all bankruptcies. Increasing cash flow, managing cash, and using cash to your best advantage is as important to your business as superior architecture or design work. This 1-hour online course gives you the knowledge you need to choose a budget method that will control your firm's project costs.

This is the sixth and seventh chapter of the "Financial Management for the A/E/C Firm" course series from PSMJ Resources, Inc. offered through RedVector.com in its entirety. We strongly recommend that you take all nine chapters of this course series.


Vector Solutions has a long history of providing industry-specific content for its customers. While this course and its content remain accurate and functional within our systems, the look and feel may not match our more modern offerings.
Course Objectives

After completing this course, you will be able to:

  • Clearly define the factors critical to establishing a project budget
  • Avoid common project budgeting pitfalls across all budget methods
  • Effectively prepare subconsultants' contracts for your project budgets
  • Develop a project expenditure curve to monitor manpower requirements, schedule, and budget status
  • Utilize worksheets and sample rate calculations
  • Monitor manpower utilization, revenues, project completions, and overruns
  • Protect your firm against careless record keeping and dishonest employees
  • Design an annual business plan designed to meet your short-term goals
  • Use financial performance indicators as a motivating tool for good performers
  • Utilize worksheets and sample rate calculations

This course includes a multiple-choice test to gage your understanding of the material.

State Licenses
AK - Land Surveyor (General)
AL - Land Surveyor (General)
AR - Land Surveyor (General)
GA - Land Surveyor (General)
IA - Land Surveyor (General)
ID - Land Surveyor (General)
KS - Land Surveyor (General)
KY - Electrical Contractor (Business Practice)
LA - Contractor, Residential (General)
LA - Land Surveyor (General)
MD - Land Surveyor (General)
ME - Land Surveyor (General)
MN - Land Surveyor (General)
MS - Land Surveyor (General)
MT - Land Surveyor (General)
NC - Land Surveyor (General)
ND - Land Surveyor (General)
NJ - Engineer (General - 24GP000006300)
NM - Land Surveyor (General)
NV - Land Surveyor (General)
OH - Land Surveyor (General)
OK - Land Surveyor (General)
SC - Land Surveyor (General)
SD - Land Surveyor (General)
UT - Land Surveyor (General)
VA - Land Surveyor (General)
WA - Land Surveyor (General)
WI - Land Surveyor (General)
WV - Land Surveyor (General)
WY - Land Surveyor (General)
Professional Organizations
BOMI International - RPA, FMA and/or SMA (General)
Building Operator Certification - BOC - Certification (General)