Construction Financial Management ( Financial Management for Project / Construction Managers )

Introduction :

This short course will introduce candidates to the techniques and knowledge needed to financially plan, manage and control construction projects. It will look at construction projects from inception to completion. Whilst the course will not address processes relating to maintenance and management of facilities after project completion, it will take into account the life cycle costing at the feasibility and planning stage.

Course Contents :

Feasibility study at project inception : residual method, assessing income vs cost , cost value analysis, Financial appraisal techniques (e.g. present worth , discounted cash flow yield, etc.)

Financial management at project planning stage : Capital Costing, Life Cycle costing , Financing , Cash Flow Analysis, Crash Costing.

Financial control : Cost control systems, Work Breakdown Structure, Cost Variances and Earned Value Analysis, Customer and Management Reporting, Cost Value reconciliation sheets.

Payment systems/mechanisms : Traditional interim valuation, milestones and stage payments, incentive based payment systems, public private partnerships (private finance initiatives).

Financial Management at organizational level : Project based organizations, Corporate Planning, Annual Budgets, Financial Control at organizational level.