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Job Forecasting Cost-to-Complete for GCs in Construction
Apr 9, 2025 - 3:00 PM (ET) - live, online
Hosted by CFMA
About this Event
Wednesday, April 9, 2025
3-5 PM (ET), 12-2 PM (PT)
This course is designed to provide GCs with a deep understanding of the key challenges faced in financial reporting and revenue forecasting. Participants will learn to navigate the complexities of tracking project costs, determining the cost-to-complete, and forecasting revenue throughout the project lifecycle. With a focus on hands-on strategies, industry best practices, and the potential tools, this course equips general contractors with the skills necessary to improve financial accuracy and control project outcomes. By the end of the session, attendees will be empowered to enhance their financial reporting practices, mitigate risks, and forecast future revenues with precision.
After this session, attendees will be able to:
- Identify Financial Reporting Challenges: Understand the complexities and pitfalls involved in financial reporting, including tracking project expenses, managing cost allocations, and handling fluctuating budgets.
- Master Revenue Forecasting Techniques: Learn how to accurately forecast revenue by predicting project completion timelines, assessing work completed to date, and determining cost-to-complete, using industry-specific methods and tools for precise revenue estimation.
- Implement Solutions to Improve Forecasting Accuracy: Explore strategies for improving the accuracy of cost-to-complete calculations and revenue forecasting, including leveraging technology, regular project reviews, and clear communication between contractors, project managers, and stakeholders to ensure informed decision-making.
Level & Prerequisites
This is a group-internet course at the Basic Level. No prerequisites or advanced preparation required. A basic understanding of job cost analysis is recommended.
CPE Information
Earn 2.0 CPE credits in the field of Management Services. Please note that CPE credit can only be earned by attending the live session and is not available by watching the recording.
CCIFP Information
Earn 2.0 CCIFP Professional Development credits toward the General or Construction requirement.
Who Should Attend?
- Business Owners
- CPAs
- Controllers
- GCs
- Professional Advisors
- Project Managers
Price
- $90 for CFMA members
- $120 for Non-members