This four-hour intensive course will provide an advanced view of the work in process schedule. Your WIP is more than a reporting tool; it is a financial management tool for your construction company. From this workshop, you will gain strategies to turn unexpected profit fade and enhancements into predictable events.
Describe the role of the formal cost review process in the outcome of the WIP
Discuss WIP analysis techniques, tips and tricks
Identify the impact of profit fade and fee enhancements
Level & Prerequisites: This is a group-live program at the Advanced Level. Participants should have at least three years’ experience in construction accounting, in-depth experience integrating construction contracts and estimates into a WIP schedule and a solid understanding of managing the cost review process. CFMA’s “A 360 View of Your WIP” course is also a recommended prerequisite.