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CFMA's 2017 Annual Conference and Exhibition


ADV3 - Work in Progress: Making WIP Work for You


Jun 5, 2017 4:15pm ‐ Jun 5, 2017 5:30pm

Standard: $59.95
Members: $39.95

Description

The Work in Progress (WIP) schedule presents many challenges, even to industry veterans. The WIP schedule contains a wealth of knowledge that impacts cash management, long-term strategy based on evident operational trends, the ability to assess the strength of the company’s project management processes, and the invaluable nuances that make estimating more precise and competitive. This interactive session will dissect the various elements of the WIP and analyze the information provided. Attendees will understand how to use the WIP for management decisions, forecasting, and as a tool to support company operations in a significant and measurable way.

Learning Objectives:

  • Understand all of the components of the WIP Schedule how to use the information in managing current work and planning future strategy.
  • Discover the “red flags” and how to use the information to benefit both the project and the company. Learn the direct relationship between WIP
  • Realize how to identify and address job fade as early as possible and when there may still be time to do something about it.

Speaker(s):

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