Cracking the WIP – Driving Predictable Cost Projections
October 11 @ 7:30 am - 11:30 am
Friday, October 11, 2019
7:30 a.m. – 11:30 a.m.
Many project managers lack a clear handle on how their projects are performing financially. Most commonly
it is because they have not been trained on how to forecast properly. We find many contractors struggle
with how to build a robust cost projection process that provides for consistency and predictability. Profit
fade at 90% complete is no longer an option in today’s market. Teach project managers how to properly
set up job budgets, track progress and forecast accurately. Moreover, learn critical financial indicators
that point to problems on projects early so they can be rectified.
• Identify how to manage work-in-process for better profitability.
• Understand the relationship between project profitability and processes (budgeting, forecasting,
change control, job status reporting and WIP).
• Apply earned value reporting to projects.