In Part IV, we will cover the alignment of a company’s budgeting process with its annual strategic plans and objectives. Developing enterprise and departmental budgets will be discussed, along with providing the periodic reporting that management needs to effectively manage the business.
Learning Objectives After attending this module, you will be able to:
Identify the process, tools and strategies used in developing enterprise budgets
Describe the process for developing and utilizing backlog and burn-off schedules
Describe the types of information that management and operations needs to see
Discuss the financial reporting systems used by construction companies, including the use of
key performance indicators.